Progress Certification and Core Cable Programming Sample Clauses

Progress Certification and Core Cable Programming. (a) If, on December 1, 1992, (i) the December Conditions (as defined below) have occurred and (ii) the aggregate Escrowed Committed Member Payments equal at least $100 million, then HCG may instruct the Escrow Agent pursuant to the Escrow Agreement to release all Escrowed Committed Member Payments, including any accrued interest thereon, to HCG. If, however, on December 1, 1992, the December Conditions have occurred, but the aggregate Escrowed Committed Member Payments are less than $100 million, then the release of such amounts to HCG shall be delayed until December 11, 1992, or such earlier date as the aggregate Escrowed Committed Member Payments equal or exceed $100 million as a result of additional deposits of Committed Member Payments by NRTC into the Escrow Account by such date. If, on December 11, 1992, (i) the December Conditions have occurred, but (ii) the aggregate Escrowed Committed Member Payments are still less than $100 million, then this Agreement shall automatically terminate ten (10) days later unless HCG, in its sole discretion, grants NRTC the July Extension by such date. If this Agreement so terminates, then NRTC may instruct the Escrow Agent pursuant to the Escrow Agreement to release the Escrowed Committed Member Payments, including any accrued interest thereon, to NRTC. If HCG so grants the July Extension, then HCG may instruct the Escrow Agent pursuant to the Escrow Agreement to release the Escrowed Committed Member Payments, including any interest thereon, to HCG and this Agreement shall not be subject to termination under this Section 1.04 because the aggregate Escrowed Committed Member Payments are less than $100 million. The "
Sample 1
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Progress Certification and Core Cable Programming. (a) If, on or before December 22, 1992, the December Conditions (as defined below) have occurred , then HCG may instruct the Escrow Agent pursuant to the Escrow Agreement (and HCG and NRTC shall, on or prior to 12:00 p.m. Eastern Time on the next business day after HCG's certfication (in a form agreed to by the parties) of its meeting of the December Conditions, concurrently provide the Joint Instruction, as defined below) to release all Escrowed Committed Member Payments, including any accrued interest thereon, to HCG.
Sample 1

Related to Progress Certification and Core Cable Programming

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