Second Escrow Release Date definition

Second Escrow Release Date has the meaning set forth in Section 2.4(b)(ii).

Second Escrow Release Date means the date that is the 18 month anniversary of the Closing Date.

Second Escrow Release Date means the date that is six (6) months following the First Escrow Release Date, provided that no claims, causes of action, lawsuits or other proceedings in respect of any liens, claims of liens, or claims of right to recover against the settlement proceeds or otherwise in connection with the Incident (any such claims, causes of action or proceeding, a “Third-Party Claim”) have been made or asserted by any person (including any third-party claimant) on or prior to such date.

Second Escrow Release Date means the date being six months after the First Escrow Release Date. The First Escrow Release Date and the Second Escrow Release Date are referred to herein collectively as the "Escrow Release Dates." On the First Escrow Release Date, a portion of the Escrow Fund shall be released from escrow to the Holders in Escrow as reasonably practicable in proportion to their respective Proportionate Escrow Interest in an amount equal to one half of the entire Escrow Amount, less any Holdover Amount (as defined below). On the Second Escrow Release Date, a portion of the Escrow Fund shall be released from escrow to the Holders in Escrow as reasonably practicable in proportion to their respective Proportionate Escrow Interest in an amount equal to the entire Escrow Amount then remaining in the Escrow Fund less any Holdover Amount. As soon as all claims relating to a Holdover Amount have been resolved, the Escrow Agent shall deliver to the appropriate Holders in Escrow the remaining portion of the Escrow Fund not required to satisfy such claims and the Escrow Fund shall be terminated. Deliveries of Escrow Amounts from the Escrow Fund to the Holders in Escrow pursuant to this Section 7.2(b) shall be made in proportion to their respective Proportionate Escrow Interest as reasonably practicable. As used herein "Holdover Amount" shall mean (y) any amounts previously returned for cancellation to the Surviving Corporation including, without limitation, such amounts returned pursuant to Section 1.7 of this Agreement and (z) any additional amount which, in the reasonable judgment of BackWeb Parent, subject to the objection of the Agent and subsequent arbitration of the matter in the manner provided in Section 7.2(e) hereof, is necessary to satisfy any unsatisfied claims specified in any Officer's Certificate delivered to the Escrow Agent prior to the applicable Escrow Release Date (which amount shall remain in the Escrow Fund until such claims have been resolved). If any Holdover Amount shall exist on the Second Escrow Release Date, such Holdover Amount shall cause the Escrow Fund to remain in existence until such claims have been resolved.

Second Escrow Release Date means the date that is two (2) years following the Closing Date.

Second Escrow Release Date shall have the meaning set forth in Section 5.3(b).

Second Escrow Release Date has the meaning set forth in Section 3.07(c)(ii).

Second Escrow Release Date means the date that is the earliest to occur of (i) the date of an FDA Clearance or (ii) the Business Day immediately prior to the announcement of an FDA Clearance.

Second Escrow Release Date means the later of (a) October 18, 2021, or (b) ten (10) days following the date on which there is a final, non-appealable resolution, in a manner favorable to Owner, of the Proceedings relating to the site plan (or, if such Proceedings are resolved in a manner favorable to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ten (10) days following the date on which a substitute site plan relating to the Property has been approved by the Planning Commission of the City of Rockville and such approval has become final and non-appealable).