Release of the Escrow Funds. Escrow Agent shall disburse the Escrow Funds to Owner or Contractor, or their assigned representatives, only upon the following conditions and/or circumstances:
Release of the Escrow Funds. The Escrow Agent shall not release any part of the Escrow Funds to any party except as provided in this Section 4.
Release of the Escrow Funds. The Escrow Agent shall release the Escrow Funds in accordance with joint written instructions signed by Buyer and Sellers, and otherwise in accordance with the provisions of Section 8 below.
Release of the Escrow Funds. The Escrow Agent shall, and shall have the right and is hereby jointly instructed by the Transaction Parties to, release the Escrow Funds exclusively in accordance with this Section 3.
Release of the Escrow Funds. The Escrow Funds shall only be distributed and released as follows:
Release of the Escrow Funds. (a) Promptly after the Escrow Termination Date (as defined below), the Escrow Agent shall transfer and deliver to Seller, on behalf of the Seller Group, by wire transfer pursuant to Section 17 hereof, the amount of the Escrow Funds then held by the Escrow Agent, if any then remains, minus the aggregate amount of the Escrow Funds set forth in any Notice(s) of Claim(s) received by the Escrow Agent on or prior to the Escrow Termination Date with respect to which any indemnification claims are pending and have not been disposed of in accordance with Section 3 as of the Escrow Termination Date ("Remaining Unresolved Claims"). As used herein, "Escrow Termination Date" means the date which is (12) twelve months after the date of this Agreement; or if such date is not a Business Day (as defined below), the Escrow Termination Date shall be the next succeeding Business Day. As used herein, "Business Day" shall mean any day other than a Saturday, a Sunday or any other day on which the Escrow Agent's principal office is closed for business.
Release of the Escrow Funds. Escrow Agent shall not release any part of the Escrow Funds to any party except as provided in this Section 4. Such disbursements shall be made as soon as practicable after receipt by Escrow Agent of a notice in the form of Exhibit A, Exhibit B, Exhibit C or Exhibit D hereto (collectively, the "Disbursement Notices"), as applicable, but in no event will Escrow Agent be required to make such disbursements more often than bi-weekly.
Release of the Escrow Funds. The release of the Escrow Funds is governed by Article 2 and Section 7.2 of the Purchase Agreement. The Escrow Funds shall be released no later than the later of (i) the Closing, or (ii) if the Purchase Price is not determined as of the Closing Date, then pursuant to the Arbitrator’s Order. The Escrow Agent will disburse funds upon receipt of joint written instructions executed by Purchaser and Seller or written instructions received from Arbitrator. Escrow Agent will not be responsible for determining or calculating amounts to be disbursed.
Release of the Escrow Funds. The Escrow Funds shall be distributed and released only as set forth in this Section 4.
Release of the Escrow Funds. The Escrow Fund shall secure the indemnification obligations of the Company Holders and payments by the Company Holders of the Net Working Capital Adjustment Amount and Severance Adjustment Amount, each as more particularly described in the Merger Agreement. This Agreement shall not change, modify or supersede in any way the events or circumstances that give rise to the obligations and/or remedies of the parties to the Merger Agreement as more particularly set forth therein. Other than disbursement of interest amounts or payment of fees as set forth in this Agreement, the Escrow Agent shall only disburse amounts from the Escrow Fund as follows:
