Common use of Effect of Final Delivery Clause in Contracts

Effect of Final Delivery. Notwithstanding the expiration of the term ------------------------ of the escrow, this Agreement shall continue in full force and effect until the Escrow Agent has delivered all of the Escrow Shares pursuant to the terms hereof. After all of such shares have been so delivered, all rights, duties and obligations of the respective parties hereunder shall terminate. If any cash is held in escrow at the expiration of the term of the escrow, such cash shall be distributed pro rata with the Escrow Shares as provided in Sections 3.2 and 3.3 above.

Appears in 1 contract

Samples: Escrow Agreement (Webmd Inc)

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Effect of Final Delivery. Notwithstanding the expiration of the term ------------------------ of the escrow, the provisions of Article 12 of this Agreement shall continue in full force and effect until the Escrow Agent has delivered all of the Escrow Shares pursuant to the terms hereof. After all of such shares have been so delivered, all rights, duties and obligations of the respective parties hereunder under this Article 12 shall terminate. If any cash is held in escrow at the expiration of the term of the escrow, such cash shall be distributed pro rata with the Escrow Shares as provided in Sections 3.2 and 3.3 aboveSection 12.1.

Appears in 1 contract

Samples: 3 Agreement and Plan of Merger (Webmd Inc)

Effect of Final Delivery. Notwithstanding the expiration of the term ------------------------ of the escrow, this Agreement shall continue in full force and effect until the Escrow Agent has delivered all of the Escrow Shares pursuant to the terms hereof. After all of such shares have been so delivered, all rights, duties and obligations of the respective parties hereunder shall terminate. If any cash is held in escrow at the expiration of the term of the escrow, such cash shall be distributed pro rata with the Escrow Shares as provided in Sections 3.2 4.3 and 3.3 4.4 above.

Appears in 1 contract

Samples: Escrow Agreement (Webmd Inc)

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Effect of Final Delivery. Notwithstanding the expiration of the term of ------------------------ of the escrow, this Agreement shall continue in full force and effect until the Escrow Agent has delivered all of the Escrow Shares pursuant to the terms hereof. After all of such shares have been so delivered, all rights, duties and obligations of the respective parties hereunder shall terminate. If any cash is held in escrow at the expiration of the term of the escrow, such cash shall be distributed pro rata with the Escrow Shares as provided in Sections 3.2 3.3 and 3.3 3.4 -------------------- above.

Appears in 1 contract

Samples: Escrow Agreement (Webmd Inc)

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