ESCROW TERM Sample Clauses
The ESCROW TERM clause defines the duration for which funds or assets are to be held in escrow under an agreement. Typically, this clause specifies the start and end dates of the escrow period, or the conditions that trigger the release of escrowed assets, such as the completion of certain obligations or the passage of a set timeframe. By clearly outlining when and how escrowed items are to be released, this clause ensures that both parties understand the timeline and conditions for the escrow arrangement, thereby reducing disputes and providing security for the transaction.
ESCROW TERM. The Escrow shall commence on the date of this Agreement and continue until terminated in accordance with Section 4(g) hereof.
ESCROW TERM. The term of this Escrow Agreement shall expire (“Escrow Term”) upon the release of the Pledged Shares or upon the mutual release of the Parties.
ESCROW TERM. The periods of time during which the Escrow Agent holds the Escrow Shares.
ESCROW TERM. The Parent agrees to hold the Escrow of Parent Common Stock (the "Escrow Stock") until May 15, 1999 (the "Escrow Term"), and, subject to the further provisions of this Article XI, at the expiration of the Escrow Term (subject to any pending claims), any Escrow Stock remaining in the Escrow shall be delivered by Parent to such shareholders in accordance with such shareholders' respective interests as set forth on Schedule 3.2.
ESCROW TERM. It is understood and agreed between all parties of this Agreement that the term in which funds must be remitted to Mortgage or returned to subscribers, shall close on the one hundred twenty day (120/day) anniversary date from the Effective Date of the Registration Statement. It is anticipated, though not warranted, that the Registration will become effective in July or August 2001. It shall be the responsibility of the Issuer to deliver in writing to the Bank the formal Notice of Effective Date of Registration, as received from the Securities and Exchange Commission ("SEC"), a copy of which Notice shall be attached to this Agreement and constitute the basis for measuring the Offering Termination Date. In all events, this Agreement shall terminate and all funds escrowed shall be returned not later than six months from the date of this Agreement, if Mortgage does not provide an earlier termination date as outlined above.
ESCROW TERM. The term of this escrow arrangement (the “Escrow Term”) is from the date hereof until all sums, including, but not limited to, the interest and principal due under the Note are paid in full.
ESCROW TERM. The Escrow shall commence on the date of this Agreement and shall continue until terminated upon the release of all Escrow Property in accordance with Section 1 above or Section 4(e) below.