Escrow Condition definition
Escrow Condition has the meaning given to it in clause 2.3 (Obligation to enter into Nuclear Liabilities Agreements);
Escrow Condition has the meaning given in clause 4.1.2;
Escrow Condition means the release of all of the SDIF Pledge(s); Table of Contents
Examples of Escrow Condition in a sentence
In addition, the absence of an Event of Default shall not be an Escrow Condition that must be satisfied or waived in order for the Escrow Property to be released from the Escrow Account pursuant to Section 6.2 of this Agreement or Section 3(b) of the Escrow Agreement.
On fulfilment of the Escrow Condition all parties to this Agreement will become bound contemporaneously.
In addition, the absence of an Event of Default shall not be an Escrow Condition that must be satisfied or waived in order for the Escrow Property to be released from the Escrow Account pursuant to Section 4.02 of this Agreement or Section 3(b) of the Escrow Agreement.
In the event that the Escrow Release Condition relating to the completion of the Liquidity Event is not satisfied by the Escrow Condition Deadline, the Subscription Receipts will be terminated and the Subscribers will be refunded the funds provided by them.
Funds will be held in escrow hereunder pending satisfaction of the following condition (The "Escrow Condition"): Deposit with the Bank under this Agreement of the Minimum Subscription Amount of $4,000,000 (the "Minimum Subscription Amount").
More Definitions of Escrow Condition
Escrow Condition means the delivery of an Officers’ Certificate instructing the Escrow Agent to release the Escrow Property from the Escrow Account and certifying that, prior to or concurrently with the release of the Escrow Property from the Escrow Account, (i) the Acquisition shall have been consummated and the existing reserve-based credit facility of the Acquired Business retired in all material respects as described under “Summary—The Transactions” in the Offering Memorandum, (ii) borrowings under the Term Loan Facility shall have been made, (iii) investments in EPE Acquisition, LLC’s equity by funds affiliated with the Sponsors and other investors shall have been made and (iv) borrowings under the Credit Agreement shall have been made, in the case of clauses (ii), (iii) and (iv) above in an aggregate amount sufficient, when taken together with the net proceeds of the Notes and the Secured Notes, to fund the Acquisition and to pay related fees and expenses, and (v) the Subsidiary Guarantors that have on such date guaranteed the Credit Agreement shall have, by supplemental indenture effective upon the Escrow Release Date, become parties to this Indenture as Subsidiary Guarantors.
Escrow Condition means the condition that the Consideration Shares comprising the Consideration to be issued to the Principals in connection with the Arrangement shall be subject to escrow and released as follows: 1/5th of such Consideration Shares shall be released on the Effective Date, 1/5th of such Consideration Shares shall be released on the date that is three (3) months after the Effective Date, and 1/5th of such Consideration Shares shall be released every three (3) months thereafter;
Escrow Condition has the meaning specified in Section 1111(b) of this Indenture.
Escrow Condition. “ means that the condition that the Final Order has been filed with the Australian Securities and Investments Commission and all other material conditions (other than payment of the purchase price) necessary to complete the Acquisition have been satisfied;
Escrow Condition means the completion of Capital Raise(s) of the Purchaser for aggregate gross proceeds that cumulatively meet or exceed $8,000,000.
Escrow Condition means delivery by Rubellite to the Agent of a certificate to the effect, and the Agent being satisfied, acting reasonably, that: (i) each of the Arrangement, the Non-Brokered Private Placement and the Acquisition shall have been completed in accordance with their terms (without waiver or material amendment of the terms and conditions thereof, in whole or in part, unless the consent of the Agent is given for such waiver or amendment, such consent not to be unreasonably withheld); (ii) all of the Rubellite Warrants shall have been exercised by the holders thereof and/or pursuant to the Standby Agreement; (iii) all the conditions, undertakings and other matters to be satisfied, completed or otherwise required to be met in connection with the completion of the Arrangement (in accordance with the Arrangement Agreement and without waiver or material amendment of the terms and conditions thereof, in whole or in part, by any of the parties thereto unless the consent of the Agent is given for such waiver or amendment, such consent not to be unreasonably withheld) have been satisfied, completed or otherwise met other than the repayment of the promissory notes issued in connection with the Arrangement; (iv) Rubellite shall not be in breach or default of any of its representations, warranties, covenants or obligations under the Agency Agreement, except for those breaches or defaults that would not constitute a material adverse effect for the promissory notes issued in connection with the Arrangement, or have been waived by the Agent and all conditions set out in the Agency Agreement shall have been fulfilled in all material respects; and (v) the TSX shall have provided conditional listing approval of the Rubellite Common Shares, subject to the fulfillment of customary listing conditions (see "The Arrangement – Approvals – Stock Exchange Listing Approvals");
Escrow Condition means the filing of the final order of the Federal Court of Australia (Western Australia Registry) approving the Acquisition with the Australian Securities and Investments Commission has been successfully completed and all conditions to the completion of the Acquisition set out in the Acquisition Agreement (other than payment of the purchase price) have been satisfied;