Common use of Release of Escrow Property Clause in Contracts

Release of Escrow Property. Upon the satisfaction of the Escrow Release Conditions on or prior to the Escrow Release Date as provided in the Escrow Agreement, the Escrow Property will be released in accordance with Section 5(a) of the Escrow Agreement and upon such release, the Notes shall no longer be subject to mandatory redemption pursuant to Section 3.12 hereof.