Release of Escrow Deposit. Also on the Closing Date, concurrently with the wire transfer of the Purchase Price in accordance with Section 3.1.1 above, Seller and LBI Media shall jointly execute and deliver to the Escrow Agent written instructions to terminate the Escrow Agreement and deliver the entire Escrow Deposit to LBI Media.
Release of Escrow Deposit. Upon the signing of this Agreement by the parties hereto, the Escrow Deposit shall be irrevocably released to the Sellers and shall be nonrefundable to Purchasers.
Release of Escrow Deposit. (a) The Escrow Agent shall only release and deliver the Escrow Deposit as follows:
Release of Escrow Deposit. If this Agreement is terminated, the Escrow Deposit shall be disbursed as follows and in accordance with the terms and conditions of the Escrow Agreement:
Release of Escrow Deposit. Pursuant to and in accordance with the terms of the Escrow Agreement, the Escrow Deposit will be released to an account specified by the Company upon receipt by the Escrow Agent of evidence satisfactory to it that XGL shall have delivered and registered the Court Orders at Companies House in Cardiff. Payment of the Escrow Deposit shall discharge the obligations of the several Underwriters to purchase and pay for the Firm Securities on the First Closing Date, and to purchase and pay for any Optional Securities purchased on any Optional Closing Date that is on the same day ad the First Closing Date.
Release of Escrow Deposit. The Escrow Deposit shall be held and released by the Escrow Agent as follows:
Release of Escrow Deposit. Also on the KEYH Closing Date, concurrently with the wire transfer of the Purchase Price to Seller, EDC and LBI Holdings shall (i) if the KEYH Closing Date is a Simultaneous Closing Date, comply with Section 3.1.2 of the FM Asset Purchase Agreement and (ii) otherwise, jointly execute and deliver to the Escrow Agent written instructions to terminate the Escrow Agreement and deliver the entire Escrow Deposit then remaining to LBI Holdings.
Release of Escrow Deposit. The Escrow Deposit shall be released to Seller on the twelve (12) month anniversary of the Closing Date (“Deposit Release Date”), except to the extent that Buyer has made demand for indemnification pursuant to Article VIII. In the event Buyer makes such demand for indemnification prior to the Deposit Release Date, then the Escrow Deposit shall remain in the specified IOLTA trust account and shall be released solely upon (a) the mutual written instructions of Bxxxx and Seller; or (b) a court order.
Release of Escrow Deposit. (i) On the first Business Day of each calendar quarter after the Effective Time and until the final distribution of the remainder of the Escrow Deposit is made pursuant to paragraph (iii) below, and immediately prior to the final distribution of the remainder of the Escrow Deposit pursuant to paragraph (iii) below, Basic and the JetStar Stockholders’ Representative shall instruct the Escrow Agent to distribute an amount equal to 40% of the Escrow Earnings accruing during the immediately preceding calendar quarter (or, in the case of the final distribution, any period since the last such tax distribution) to the former holders of JetStar Shares (other than Dissenting JetStar Shares), pro rata according to the number of Partially-Diluted JetStar Shares represented thereby, in order to provide funds for such former holders of JetStar Shares to pay income taxes in connection with such Escrow Earnings.
Release of Escrow Deposit. As additional consideration for the extension of time granted to Eagle by this Third Amendment, Eagle will, at or before execution of this Third Amendment, execute Joint Escrow Instructions to First Western Bank & Trust (the ”Escrow Agent”) under that certain Escrow Agreement between Samson, Eagle and the Escrow Agent dated June 20, 2018 (the “Escrow Agreement”) to release to Samson’s account the entire balance of $640,000 that will be remaining in the Escrow Deposit after payment of the Third Amendment Forbearance Fee out of the Escrow Deposit pursuant to this Third Amendment.
