Common use of Release of Escrow Property Clause in Contracts

Release of Escrow Property. Upon the satisfaction of the Escrow Conditions, the Escrow Property will be released to the Company, in accordance with the terms of the Escrow Agreement, but shall be pledged to secure the Notes pursuant to the Security Documents.

Appears in 1 contract

Sources: Indenture (Harbinger Group Inc.)

Release of Escrow Property. Upon the satisfaction of the Escrow Conditions, the Escrow Property will be released to the Company, in accordance with the terms of the Escrow Agreement, but shall be pledged to secure the Notes pursuant to the Security DocumentsDocuments to the extent constituting Collateral.

Appears in 1 contract

Sources: Indenture (Molycorp, Inc.)

Release of Escrow Property. Upon the satisfaction of the Escrow Conditions, the Escrow Property will be released to the Company, in accordance with the terms of the Escrow Agreement, but shall be pledged to secure the Notes pursuant to the Security Documents.

Appears in 1 contract

Sources: Indenture (Tempur Pedic International Inc)