Common use of Release of Escrow Amount Clause in Contracts

Release of Escrow Amount. If on the date of closing of the Offerings (as more fully described in the Registration Statement) the Escrow Agent has received from the Company or Sandler a certificate stating that the Company has received subscriptions or purchase orders in the Offerings for at least 4,165,000 Shares and that the Offerings have closed, then the Escrow Agent is hereby authorized and instructed to:

Appears in 2 contracts

Samples: Escrow Agreement (Mercer Insurance Group Inc), Escrow Agreement (Mercer Insurance Group Inc)

AutoNDA by SimpleDocs

Release of Escrow Amount. If on the date of closing of the Offerings (as more fully described in the Registration Statement) the Escrow Agent has received from the Company or and Sandler a certificate stating that the Company has received subscriptions or purchase orders in the Offerings for at least 4,165,000 Shares and that the Offerings have closed, then the Escrow Agent is hereby authorized and instructed toAgent:

Appears in 1 contract

Samples: Escrow Agreement (Mercer Insurance Group Inc)

AutoNDA by SimpleDocs

Release of Escrow Amount. If on the date of closing of the Offerings (as more fully described in the Registration Statement) the Escrow Agent has received from the Company or Sandler and Centennial a certificate stating that the Company has received subscriptions or purchase orders in the Offerings for at least 4,165,000 680,000 Shares and that the Offerings have closed, then the Escrow Agent is hereby authorized and instructed toAgent:

Appears in 1 contract

Samples: Escrow Agreement (Fremont Michigan Insuracorp Inc)

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