Release of Escrowed Funds Upon Receipt of Release Notice Sample Clauses

Release of Escrowed Funds Upon Receipt of Release Notice. Upon receipt by the Subscription Receipt Agent of a Release Notice on or before the Release Deadline, the Escrowed Funds shall be released from escrow and paid by the Subscription Receipt Agent to the Corporation as soon as practicable after receiving a Release Notice, but in any event within one (1) Business Day in accordance with Section 5.6.