Common use of Release of Escrow Shares Clause in Contracts

Release of Escrow Shares. Under no circumstances should the ------------------------ -- terms of the escrow agreement require the Escrow Agent to release or distribute Escrow Shares or property (or take similar action, such as making a draw on an underlying letter of credit) sooner than two (2) business days after the Escrow Agent has received the requisite notices or paperwork in good form, or passage of the applicable claims period or release date, as the case may be.

Release of Escrow Shares. Under no circumstances should the ------------------------ -- terms of the escrow agreement require the Escrow Agent to release or distribute Escrow Shares Funds or property (or take similar action, such as making a draw on an underlying letter of credit) sooner than two (2) business days after the Escrow Agent has received the requisite notices or paperwork in good form, or passage of the applicable claims period or release date, as the case may be.