Escrow Termination Sample Clauses

Escrow Termination. The escrow shall continue and survive on its own terms independent of the existence of this Agreement and shall terminate on the fifth (5th) anniversary of the termination of this Agreement, if no release event has occurred prior thereto, or such other date as mutually agreed upon by the parties in writing.

Escrow Termination. The obligations of the Escrow Agent under this Agreement and the Aleris Increase Joinder Amendment shall terminate automatically on the earlier to occur of (i) the Aleris Incremental Commitment Termination Date (after giving effect to the return of any Escrowed Amounts to the Aleris Incremental Term Lenders on such date pursuant to Section 2.21(g)) and (ii) the Aleris Incremental Funding Date (after giving effect to the funding of any Escrowed Amounts on such date pursuant to Section 2.21(f)), and the return of any Escrowed Amounts to the Aleris Incremental Term Lenders on such date pursuant to Section 2.21(g)(ii)).

Escrow Termination. Unless previously terminated as provided in Schedule II, this Agreement shall terminate on [DATE] at which time the Account Funds then held in the Account, less Agent's unpaid fees, costs and expenses shall be distributed as provided in Schedule II.

Escrow Termination. The escrow shall terminate upon the termination of the Company’s Rights under Section 3 of this Agreement. Upon termination of this escrow, the Escrow Agent shall delivery to Purchaser all documents, securities, or other property belonging to Purchaser that are still in the Escrow Agent’s possession, and the Escrow Agent shall be discharged of all further obligations under Section 4.

Escrow Termination. On the Escrow Termination Date, Buyer shall promptly, and in any event no later than three (3) Business Days after the Escrow Termination Date, instruct the Escrow Agent to pay over to the Company the remaining amount of the Escrow Amount, less any Unresolved Escrow Claims. The Escrow Agreement shall not be terminated with respect to timely noticed Escrow Claims by Buyer, if any, which remain unresolved at the Escrow Termination Date (“Unresolved Escrow Claims”). In the event that any Unresolved Escrow Claims remain disputed on and after the Escrow Termination Date, the Escrow Agent shall retain the disputed amount of the Unresolved Escrow Claim until such Unresolved Escrow Claim is either (i) resolved by Buyer, the Company and the Company Shareholders and joint written instructions are delivered to the Escrow Agent, or (ii) there is an order of a court of competent jurisdiction that the amount of the Unresolved Escrow Claim (and any other amount) shall be paid by from the Escrow Amount to the Company, the Company Shareholders or Buyer. At the time of the final settlement or determination of any Unresolved Escrow Claim (or any reduction in the amount asserted as Loss), the Escrow Agent shall pay to Buyer from the Escrow Amount Buyer’s portion of the Escrow Amount applicable to such Unresolved Escrow Claim in accordance with said final settlement or determination and pay over to the Company or the Company Shareholders, as the case may be, the balance of the Escrow Amount until the Escrow Amount is exhausted.

Escrow Termination. This Escrow Agreement shall terminate as provided in Schedule II.

Escrow Termination. In the event each of the SELLER Conditions to Closing set forth in Section 3.10.1 is not fulfilled on the Closing Date or such earlier time period as provided for herein or waived by SELLER pursuant to Section 3.10.4, and provided SELLER are not in default of this Agreement, SELLER may at its option terminate this Agreement and the Escrow opened hereunder. In the event that each of the BUYER Conditions to Closing set forth in Section 3.10.2 is not fulfilled on the Closing Date or such earlier time period as provided for herein or waived by BUYER pursuant to Section 3.10.4, and provided BUYER is not in default of this Agreement, BUYER may at its option terminate this Agreement and the Escrow opened hereunder. No termination under this Agreement shall release either party then in default from liability for such default.

Escrow Termination. In the event the Stock Purchase Agreement is terminated in accordance with its terms, the Acquiror and the Sellers shall jointly deliver to the Escrow Agent a notice substantially in the form of Annex II hereto duly executed by the Acquiror and the Sellers. Immediately following receipt by the Escrow Agent of such notice, the Escrow Agent shall release and deliver the Escrowed Certificates deposited with the Escrow Agent to each Seller, [K] Investments and [K] Holdings in accordance with Schedule II hereto.

Escrow Termination. The obligations of the Escrow Agent under this Agreement shall terminate automatically on the earlier to occur of (i) the Agreement Termination Date (after giving effect to the return of any Escrowed Amounts to the Lenders on such date pursuant to Section 2.18(g)) and (ii) the Closing Date (after giving effect to the funding of any Escrowed Amounts on such date pursuant to Section 2.18(f), and the return of any Escrowed Amounts to the Lenders on such date pursuant to Section 2.18(g)(ii)).