Common use of Escrow Periods Clause in Contracts

Escrow Periods. The Escrow Fund shall commence on the date hereof and -------------- terminate on the first anniversary of the Closing (the "Escrow Period"), ------------- provided, however, that the number of Escrow Shares, which, in the reasonable -------- ------- judgment of Acquiror, subject to the objection of the Stockholders' Agent and the subsequent resolution of the matter in the manner provided in Section 8.8, are necessary to satisfy any unsatisfied claims specified in any Officer's Certificate theretofore delivered to the Escrow Agent and the Stockholders' Agent prior to termination of the Escrow Period with respect to Damages incurred or litigation pending prior to expiration of the Escrow Period, shall remain in the Escrow Fund until such claims have been finally resolved, or, if earlier, until released in accordance with Section 8.1 above and 8.5 below.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cybersource Corp)

AutoNDA by SimpleDocs

Escrow Periods. The Escrow Fund shall commence on terminate upon the first anniversary date hereof and -------------- terminate on of the Closing Date (the period from the Closing Date to the first anniversary of the Closing (Date referred to as the "Escrow Period"), ------------- provided, however, that the number of Escrow Shares, which, in the reasonable -------- ------- judgment of Acquiror, subject to the objection of the Stockholders' Agent Agents and the subsequent resolution of the matter in the manner provided in Section 8.810.8, are necessary to satisfy any unsatisfied claims specified in any Officer's Certificate theretofore delivered to the Escrow Agent and the Stockholders' Agent Agents prior to termination of the Escrow Period with respect to Damages incurred or litigation pending prior to expiration of the Escrow Period, shall remain in the Escrow Fund until such claims have been finally resolved, or, if earlier, until released in accordance with Section 8.1 above and 8.5 below.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Yahoo Inc)

Escrow Periods. The Escrow Fund shall commence on the date hereof and -------------- terminate on the first -------------- anniversary date of the Closing Effective Date of the Merger (the period from the Effective Date of the Merger to such date referred to as the "Escrow Period"), ------------- ; provided, however, that the number of Escrow Shares, which, in the reasonable -------- ------- judgment of AcquirorActive, subject to the objection of the StockholdersShareholders' Agent and the subsequent resolution of the matter in the manner provided in Section 8.810.8, are necessary to satisfy any unsatisfied claims specified in any Officer's Certificate theretofore delivered to the Escrow Agent and the StockholdersShareholders' Agent prior to termination of the Escrow Period with respect to Damages incurred or litigation pending prior to expiration of the Escrow Period, shall remain in the Escrow Fund until such claims have been finally resolved, or, if earlier, until released in accordance with Section 8.1 above and 8.5 below.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Active Software Inc)

Escrow Periods. The Escrow Fund shall commence on the date hereof and terminate upon -------------- terminate on the first anniversary date of the Closing Date (the period from the Closing Date to such date referred to as the "Escrow Period"), ------------- provided, however, that the ------------- number of Escrow Shares, which, in the reasonable -------- ------- judgment of AcquirorOnvia, subject to the objection of the Stockholders' Agent Agents and the subsequent resolution of the matter in the manner provided in Section 8.810.8, are necessary to satisfy any unsatisfied claims specified in any Officer's Certificate theretofore delivered to the Escrow Depository Agent and the Stockholders' Agent Agents prior to termination of the Escrow Period with respect to Damages incurred or litigation pending prior to expiration of the Escrow Period, shall remain in the Escrow Fund until such claims have been finally resolved, or, if earlier, until released in accordance with Section 8.1 above and 8.5 below.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Onvia Com Inc)

AutoNDA by SimpleDocs

Escrow Periods. The Escrow Fund shall commence on terminate upon the date hereof and -------------- terminate on the first anniversary date of the Closing Date (the period from the Closing Date to such date referred to as the "Escrow Period"), ------------- provided, however, that the ------------- number of Escrow Shares, which, in the reasonable -------- ------- judgment of AcquirorOnvia, subject to the objection of the StockholdersShareholders' Agent Agents and the subsequent resolution of the matter in the manner provided in Section 8.810.8, are necessary to satisfy any unsatisfied claims specified in any Officer's Certificate theretofore delivered to the Escrow Depository Agent and the StockholdersShareholders' Agent Agents prior to termination of the Escrow Period with respect to Damages incurred or litigation pending prior to expiration of the Escrow Period, shall remain in the Escrow Fund until such claims have been finally resolved, or, if earlier, until released in accordance with Section 8.1 above and 8.5 below.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Onvia Com Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.