Common use of Subsequent Distributions Clause in Contracts

Subsequent Distributions. Any amount of the Escrow Fund and any shares of Escrow Shares that remain in escrow following the Distribution Date shall be disbursed, respectively, to the Disbursement Accounts and to the Accredited Class B Shareholders as soon thereafter as all Claims are resolved and any transfers due to any Apple South Indemnitees as a result of such resolution have been made.

Appears in 2 contracts

Sources: Merger Agreement (Apple South Inc), Merger Agreement (Apple South Inc)