Disbursement of Escrow Property Sample Clauses

Disbursement of Escrow Property. The Escrow Agent shall notify the Company on a weekly basis (and more frequently if requested by the Company) of the amount of funds in the Escrow Account as well as the activity in the Escrow Account since the last report. The Escrow Property shall be disbursed as follows:

Disbursement of Escrow Property. Subject to Section 3(e) hereof, the Escrow Agent is directed to hold and distribute the Escrow Property in the following manner:

Disbursement of Escrow Property. (a) Upon exercise by Purchaser of the Option at any time prior to the Termination Date (as hereinafter defined), Purchaser shall deliver to the Escrow Agent written notice of its election specifying the aggregate amount of UPC Securities to be assigned and conveyed to the Company in accordance with the Option Agreement and the date, not earlier that one Business Day and not later than three (3) Business Days, on which the closing of the exchange of such securities shall occur (the "Closing Date"). On the Closing Date, Purchaser shall deliver to the Escrow Agent the applicable UPC Securities to be assigned and conveyed to the Company. (b) Upon receipt by the Escrow Agent of the UPC Securities, the Escrow Agent shall deliver (i) to the Company the UPC Securities received from Purchaser and (ii) to Purchaser at its address set forth on the signature page hereto (unless a contrary address located outside the United States is provided in the Option notice) all of the Debentures (if the Shareholder Ratification Event has not occurred) or all of the Series C Shares (if the Shareholder Ratification Event has occurred), as the case may be, held by the Escrow Agent notwithstanding the aggregate amount of UPC Securities to be assigned and conveyed to the Company on the Closing Date. The Escrow Agent shall date the Debentures as of the Closing Date or the Series C Shares, as the case may be, to be issued to Purchaser on the Closing Date prior to delivery of such securities to Purchaser. From and after the Closing Date, Purchaser shall hold either the Debentures or the Series C Shares, as the case may be, not exchanged and issued to Purchaser on the Closing Date (if any) in accordance with the terms of the Option Agreement. Upon delivery of all of the Debentures or Series C Shares, as the case may be, by the Escrow Agent to Purchaser, this Agreement and the obligations of the Escrow Agent shall terminate.

Disbursement of Escrow Property. The Escrow Property shall be released to the Company upon the earlier to occur of the following: (i) the payment of any amounts payable pursuant to any Judgments or Settlements of all pending UBL Matters (as each such term is defined in the I/C Agreement), and (ii) the dismissal, with

Disbursement of Escrow Property. The Escrow Agent shall disburse the Escrow Property as provided in this Section 1.03.

Disbursement of Escrow Property. The Escrow Agent shall notify FR and ASCOT respectively of the receipt by it of Escrow Property and any notification of the amount of Net Profits. Unless otherwise specifically provided herein, and upon satisfaction of conditions precedent, Escrow Agent shall automatically and without further instruction, disburse Escrow Property and Net Profits, including currency (USD), collateral documents, and other considerations. On a quarterly basis, Escrow Agent shall disburse, via wire transfer or certified check, to all parties the proceeds, if any, from the sale of the Fund’s assets less normal and customary escrow fees. These instructions may be modified only in writing by all of the Parties to this Agreement.