{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "a-bundle", "type": "definition", "offset": [24, 32]}, {"key": "receipt-of", "type": "clause", "offset": [70, 80]}, {"key": "the-bundle", "type": "definition", "offset": [112, 122]}], "size": 2, "samples": [{"hash": "k9URI5eSq78", "uri": "/contracts/k9URI5eSq78#release-procedures", "label": "Multilink Frame Relay Uni/Nni Implementation Agreement", "score": 19.0, "published": true}, {"hash": "cpJ9jYpwot5", "uri": "/contracts/cpJ9jYpwot5#release-procedures", "label": "Multilink Frame Relay Uni/Nni Implementation Agreement", "score": 19.0, "published": true}], "snippet": "These procedures remove a bundle link from bundle operation following receipt of the BL_DEACTIVATE request from the bundle.", "hash": "d24772318992c6b0155644e148edfe4c", "id": 1}, {"snippet_links": [{"key": "the-milestones", "type": "clause", "offset": [10, 24]}, {"key": "the-exchange-agent", "type": "clause", "offset": [84, 102]}, {"key": "stockholder-representative", "type": "clause", "offset": [107, 133]}, {"key": "in-writing", "type": "clause", "offset": [134, 144]}, {"key": "number-of-earnout-shares", "type": "clause", "offset": [178, 202]}, {"key": "by-parent", "type": "clause", "offset": [221, 230]}, {"key": "further-distribution", "type": "clause", "offset": [257, 277]}, {"key": "the-holders", "type": "clause", "offset": [281, 292]}, {"key": "pro-rata-basis", "type": "clause", "offset": [298, 312]}, {"key": "in-accordance-with", "type": "clause", "offset": [328, 346]}, {"key": "cvr-agreement", "type": "definition", "offset": [370, 383]}], "size": 2, "samples": [{"hash": "kzZKeyw1GRX", "uri": "/contracts/kzZKeyw1GRX#release-procedures", "label": "Merger Agreement (20/20 Biolabs, Inc.)", "score": 36.293636322, "published": true}, {"hash": "kUhwutVMhNt", "uri": "/contracts/kUhwutVMhNt#release-procedures", "label": "Merger Agreement (Longevity Health Holdings, Inc.)", "score": 36.2826843262, "published": true}], "snippet": "If any of the milestones described below are achieved, Parent shall promptly notify the Exchange Agent and Stockholder Representative in writing describing the milestone and the number of Earnout Shares to be distributed by Parent to the Exchange Agent for further distribution to the holders on a pro rata basis to CVR holders in accordance with Section 3.6(g) and the CVR Agreement.", "hash": "d09dd105b4f075851bdc42c609b7dd8b", "id": 2}, {"snippet_links": [{"key": "escrowed-shares", "type": "clause", "offset": [16, 31]}, {"key": "escrowed-cash", "type": "clause", "offset": [40, 53]}, {"key": "each-case", "type": "definition", "offset": [58, 67]}, {"key": "beneficial-interest", "type": "clause", "offset": [108, 127]}, {"key": "satisfaction-of", "type": "clause", "offset": [284, 299]}, {"key": "any-debt", "type": "definition", "offset": [300, 308]}, {"key": "liability-of", "type": "clause", "offset": [318, 330]}, {"key": "distribution-of", "type": "clause", "offset": [373, 388]}, {"key": "in-accordance-with", "type": "clause", "offset": [448, 466]}, {"key": "indemnity-escrow-fund", "type": "definition", "offset": [547, 568]}, {"key": "in-respect-of", "type": "definition", "offset": [569, 582]}, {"key": "finally-determined", "type": "definition", "offset": [583, 601]}, {"key": "article-10", "type": "definition", "offset": [677, 687]}, {"key": "number-of", "type": "definition", "offset": [695, 704]}, {"key": "equal-to", "type": "definition", "offset": [721, 729]}, {"key": "aggregate-amount", "type": "definition", "offset": [766, 782]}, {"key": "divided-by", "type": "clause", "offset": [800, 810]}, {"key": "parent-stock-price", "type": "clause", "offset": [819, 837]}, {"key": "in-cash", "type": "definition", "offset": [857, 864]}, {"key": "the-parties-hereto", "type": "clause", "offset": [924, 942]}, {"key": "the-value", "type": "clause", "offset": [1025, 1034]}, {"key": "purpose-of", "type": "clause", "offset": [1074, 1084]}, {"key": "the-fair-market-value", "type": "clause", "offset": [1189, 1210]}, {"key": "general-expiration-date", "type": "definition", "offset": [1269, 1292]}, {"key": "notify-the", "type": "clause", "offset": [1306, 1316]}, {"key": "securityholder-representative", "type": "definition", "offset": [1317, 1346]}, {"key": "in-writing", "type": "clause", "offset": [1347, 1357]}, {"key": "in-good-faith", "type": "definition", "offset": [1404, 1417]}, {"key": "claims-for-indemnification", "type": "clause", "offset": [1449, 1475]}, {"key": "pacific-time", "type": "definition", "offset": [1575, 1587]}, {"key": "retained-escrow-amount", "type": "definition", "offset": [1679, 1701]}, {"key": "subject-to-section", "type": "clause", "offset": [1705, 1723]}, {"key": "business-days", "type": "definition", "offset": [1750, 1763]}, {"key": "following-the", "type": "definition", "offset": [1764, 1777]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1854, 1873]}, {"key": "instructions-to-the-escrow-agent", "type": "clause", "offset": [1888, 1920]}, {"key": "release-from", "type": "definition", "offset": [1953, 1965]}, {"key": "the-exchange-agent", "type": "clause", "offset": [1995, 2013]}, {"key": "the-surviving-company", "type": "clause", "offset": [2026, 2047]}, {"key": "payroll-system", "type": "definition", "offset": [2062, 2076]}, {"key": "for-distribution", "type": "clause", "offset": [2093, 2109]}, {"key": "in-the-aggregate", "type": "definition", "offset": [2139, 2155]}, {"key": "from-time-to-time", "type": "clause", "offset": [2260, 2277]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [2294, 2317]}, {"key": "to-receive", "type": "definition", "offset": [2379, 2389]}, {"key": "a-portion", "type": "definition", "offset": [2390, 2399]}, {"key": "the-product", "type": "definition", "offset": [2417, 2428]}, {"key": "pro-rata-share", "type": "clause", "offset": [2511, 2525]}, {"key": "payment-of", "type": "clause", "offset": [2591, 2601]}, {"key": "date-of", "type": "clause", "offset": [3073, 3080]}, {"key": "continuing-claims", "type": "definition", "offset": [3206, 3223]}, {"key": "with-respect-to", "type": "clause", "offset": [3468, 3483]}, {"key": "the-escrow-agreement", "type": "clause", "offset": [3712, 3732]}, {"key": "executed-and-delivered", "type": "clause", "offset": [3812, 3834]}, {"key": "properly-completed", "type": "definition", "offset": [3841, 3859]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [3860, 3881]}, {"key": "instructions-for-use", "type": "clause", "offset": [3890, 3910]}, {"key": "exchange-of-company-stock-certificates", "type": "clause", "offset": [3928, 3966]}, {"key": "shares-of", "type": "clause", "offset": [3970, 3979]}, {"key": "payment-conditions", "type": "definition", "offset": [4047, 4065]}, {"key": "delivery-to-the", "type": "clause", "offset": [4081, 4096]}, {"key": "the-applicable", "type": "clause", "offset": [4113, 4127]}, {"key": "by-the-exchange", "type": "clause", "offset": [4238, 4253]}, {"key": "applicable-payment", "type": "definition", "offset": [4332, 4350]}, {"key": "amounts-to-be", "type": "clause", "offset": [4368, 4381]}, {"key": "delivery-instructions", "type": "definition", "offset": [4780, 4801]}, {"key": "outstanding-company-capital-stock", "type": "definition", "offset": [5009, 5042]}, {"key": "comprised-of", "type": "clause", "offset": [5163, 5175]}, {"key": "fifty-percent", "type": "definition", "offset": [5253, 5266]}, {"key": "issued-in", "type": "definition", "offset": [5426, 5435]}, {"key": "entry-form", "type": "definition", "offset": [5456, 5466]}, {"key": "consistent-with", "type": "definition", "offset": [5766, 5781]}], "size": 2, "samples": [{"hash": "lzAhAujwIdt", "uri": "/contracts/lzAhAujwIdt#release-procedures", "label": "Merger Agreement (Intuit Inc)", "score": 31.1464748383, "published": true}], "snippet": "(a) Neither the Escrowed Shares nor the Escrowed Cash (in each case, including any portion thereof) nor any beneficial interest therein may be pledged, subjected to any Lien, sold, assigned or transferred by any Indemnitor, or be taken or reached by any legal or equitable process in satisfaction of any debt or other Liability of any Indemnitor, in each case prior to the distribution of the Escrowed Shares or the Escrowed Cash to any Indemnitor in accordance with this Section 10.05.\n(b) Parent shall be entitled to permanently retain from the Indemnity Escrow Fund in respect of finally determined Damages for which the Indemnitees are entitled to recover pursuant to this Article 10, (i) a number of Escrowed Shares equal to the quotient of (A) one-half of the aggregate amount of such Damages, divided by (B) the Parent Stock Price and (ii) an amount in cash equal to one-half of the aggregate amount of such Damages. The Parties hereto acknowledge that the Parent Stock Price only reflects an agreed-upon amount as to the value of Parent Stock solely for the limited purpose of satisfying any Damages under this Article 10 and is not intended to be, nor is it, deemed to constitute the fair market value of Parent Stock at any given time.\n(c) Promptly after the General Expiration Date, Parent will notify the Securityholder Representative in writing of the amount, if any, that Parent determines in good faith to be necessary to satisfy all claims for indemnification, compensation or reimbursement that have been asserted, but not resolved on or prior to 11:59 p.m. Pacific Time on the General Expiration Date (each such claim a \u201cContinuing Claim\u201d and such amount, the \u201cRetained Escrow Amount\u201d). Subject to Section 10.05(e), within five (5) Business Days following the General Expiration Date, Parent and the Securityholder Representative shall execute and deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release from the Indemnity Escrow Fund to the Exchange Agent (or through the Surviving Company\u2019s or Parent\u2019s payroll system, as applicable) for distribution to the Indemnitors an amount in the aggregate equal to (i) the amount held in the Indemnity Escrow Fund as of the General Expiration Date (as reduced from time to time pursuant to the terms of this Agreement) minus (ii) the Retained Escrow Amount, with each Indemnitor to receive a portion thereof equal to the product obtained by multiplying (A) the amount to be so released by (B) such Indemnitor\u2019s Pro Rata Share.\n(d) Following the General Expiration Date, after resolution and payment of a Continuing Claim, Parent and the Securityholder Representative shall, subject to Section 10.05(e), execute and deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release from the Indemnity Escrow Fund to the Exchange Agent (or through the Surviving Company\u2019s or Parent\u2019s payroll system, as applicable) for distribution to the Indemnitors an amount in the aggregate equal to (i) the amount held in the Indemnity Escrow Fund as of the date of such resolution and payment minus (ii) the amounts that Parent determines in good faith to be necessary to satisfy any other Continuing Claims (which amounts will continue to be held in the Indemnity Escrow Fund), with each Indemnitor to receive a portion thereof equal to the product obtained by multiplying (A) the amount to be so released by (B) such Indemnitor\u2019s Pro Rata Share.\n(e) With respect to any amount to be released from the Indemnity Escrow Fund to the Exchange Agent (or through the Surviving Company\u2019s or Parent\u2019s payroll system, as applicable) for distribution to the Indemnitors pursuant to this Section 10.05 or the Escrow Agreement:\n(i) if any former holder of Company Capital Stock is required to, but has not executed and delivered (x) a properly completed Letter of Transmittal and (y) instructions for use in effecting the exchange of Company Stock Certificates or shares of uncertificated in accordance with Section 2.09 (collectively, the \u201cPayment Conditions\u201d) prior to the delivery to the Escrow Agent of the applicable joint written instructions, then any amount that would otherwise be released to such Indemnitor shall be held by the Exchange Agent, without interest, until such holder satisfies all of such Indemnitor\u2019s applicable Payment Conditions;\n(ii) amounts to be released from the Indemnity Escrow Fund to be distributed to each Indemnitor shall be deemed to be the product of (A) the aggregate amount to be released from the Indemnity Escrow Fund to the Indemnitors multiplied by (B) each Indemnitor\u2019s Pro Rata Share;\n(iii) each distribution to be made from the Indemnity Escrow Fund to a particular Indemnitor shall be effected in accordance with the payment delivery instructions set forth in such Indemnitor\u2019s Letter of Transmittal (or through the Surviving Company\u2019s or Parent\u2019s payroll system, as applicable), with respect to amounts to be distributed in respect of such Indemnitor\u2019s outstanding Company Capital Stock;\n(iv) with respect to any amount to be released from the Indemnity Escrow Fund to the Indemnitors, such amount shall be comprised of (A) Escrowed Shares with a value (valued at the Parent Stock Price) equal to fifty percent (50%) of such amount (with all Escrowed Shares released to any Indemnitor to be rounded down to the nearest whole share), which shall be accepted into DTC and issued in uncertificated book-entry form to such Indemnitor\u2019s account as shall be specified in the completed Letter of Transmittal and (B) Escrowed Cash equal to fifty percent (50%) of such amount; and\n(v) all written instructions to be delivered to the Escrow Agent with respect to any distribution from the Indemnity Escrow Fund shall be consistent with this Section 10.05 and the Escrow Agreement.", "hash": "d71cc32063166615ac2f7dada4b0cde6", "id": 3}, {"snippet_links": [{"key": "to-beneficiary", "type": "definition", "offset": [36, 50]}, {"key": "subject-to-and-in-accordance-with", "type": "clause", "offset": [51, 84]}, {"key": "release-request", "type": "clause", "offset": [171, 186]}, {"key": "at-any-time", "type": "clause", "offset": [187, 198]}, {"key": "following-the", "type": "definition", "offset": [270, 283]}, {"key": "release-condition", "type": "clause", "offset": [300, 317]}, {"key": "provided-that", "type": "definition", "offset": [323, 336]}, {"key": "fees-and-costs", "type": "clause", "offset": [366, 380]}, {"key": "due-and-owing", "type": "definition", "offset": [386, 399]}, {"key": "the-release", "type": "clause", "offset": [445, 456]}, {"key": "notice-of-release", "type": "definition", "offset": [514, 531]}, {"key": "within-thirty", "type": "clause", "offset": [614, 627]}, {"key": "receipt-of", "type": "clause", "offset": [645, 655]}, {"key": "the-notice", "type": "clause", "offset": [656, 666]}, {"key": "such-party", "type": "clause", "offset": [687, 697]}, {"key": "to-provide", "type": "definition", "offset": [705, 715]}, {"key": "written-notice", "type": "clause", "offset": [732, 746]}, {"key": "provide-a", "type": "definition", "offset": [773, 782]}, {"key": "the-party", "type": "clause", "offset": [806, 815]}, {"key": "as-requested", "type": "clause", "offset": [963, 975]}, {"key": "contrary-instructions", "type": "definition", "offset": [982, 1003]}, {"key": "release-instructions", "type": "definition", "offset": [1477, 1497]}, {"key": "an-order", "type": "definition", "offset": [1568, 1576]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [1594, 1625]}, {"key": "the-decision", "type": "clause", "offset": [1630, 1642]}, {"key": "an-arbitrator", "type": "clause", "offset": [1646, 1659]}, {"key": "if-applicable", "type": "definition", "offset": [1661, 1674]}, {"key": "to-act", "type": "definition", "offset": [1697, 1703]}, {"key": "with-regard-to", "type": "clause", "offset": [1704, 1718]}, {"key": "disposition-of-the-deposit", "type": "clause", "offset": [1719, 1745]}], "size": 2, "samples": [{"hash": "G8A9s7sdjU", "uri": "/contracts/G8A9s7sdjU#release-procedures", "label": "Master Reseller Agreement (inContact, Inc.)", "score": 22.5906906128, "published": true}], "snippet": "InnovaSafe will release the Deposit to Beneficiary subject to and in accordance with each of the following conditions: (a) Depositor may provide InnovaSafe with a written release request at any time, and Beneficiary may provide InnovaSafe with a written release request following the occurrence of a Release Condition; (b) Provided that InnovaSafe has been paid all fees and costs then due and owing, InnovaSafe shall promptly deliver a copy of the release request to Depositor or Beneficiary, as applicable (the \u201cNotice of Release Request\u201d); (c) If Beneficiary or Depositor objects to the requested release, then within thirty (30) days of the receipt of the Notice of Release Request, such party agrees to provide InnovaSafe with written notice of such objection, and to provide a copy of such notice to the party requesting the release, stating that a Release Condition has not occurred or has been cured, and instructing InnovaSafe not to release the Deposit as requested (the \u201cContrary Instructions\u201d); (d) If InnovaSafe does not receive Contrary Instructions within the time and in the manner required above, then InnovaSafe shall deliver a copy of the Deposit to Beneficiary; (e) If InnovaSafe does receive Contrary Instructions within the time and in the manner required above, then InnovaSafe shall not deliver a copy of the Deposit to Beneficiary, but shall continue to hold the Deposit until the first to occur of the following: (i) InnovaSafe receives joint written release instructions from Beneficiary and Depositor; or (ii) InnovaSafe receives a copy of an order or judgment of a court of competent jurisdiction, or the decision of an arbitrator, if applicable, directing InnovaSafe to act with regard to disposition of the Deposit.", "hash": "7f8e4cf067f7738f87eccbe0b3787635", "id": 4}, {"snippet_links": [{"key": "the-cvr-agent", "type": "clause", "offset": [16, 29]}, {"key": "release-certificate", "type": "definition", "offset": [35, 54]}, {"key": "section-44", "type": "clause", "offset": [116, 127]}, {"key": "escrow-agent", "type": "definition", "offset": [211, 223]}, {"key": "section-2", "type": "definition", "offset": [243, 252]}, {"key": "contingent-value-right", "type": "definition", "offset": [260, 282]}, {"key": "escrow-agreement", "type": "definition", "offset": [283, 299]}, {"key": "in-the-case", "type": "clause", "offset": [301, 312]}, {"key": "requested-by", "type": "definition", "offset": [396, 408]}, {"key": "section-42", "type": "clause", "offset": [465, 476]}, {"key": "note-purchaser", "type": "clause", "offset": [482, 496]}], "size": 1, "samples": [{"hash": "9HemVbTOp2P", "uri": "/contracts/9HemVbTOp2P#release-procedures", "label": "Contingent Value Right Agreement (Primacom Ag)", "score": 18.0, "published": true}], "snippet": "Upon receipt by the CVR Agent of a Release Certificate or a certificate by CSI or any of its affiliates pursuant to Section 4.4 or a Retirement Certificate the CVR Agent will present such Certificate to the CVR Escrow Agent as contemplated by Section 2 of the Contingent Value Right Escrow Agreement. In the case of a Release Certificate, CVRs released from escrow will be registered in the name requested by the Noteholder or, in the case of a release pursuant to Section 4.2, the Note Purchaser providing such Certificate and in the case of a certificate by CSI, in the name or names specified by CSI.", "hash": "7cfca74a9916631a5eaf5c98057da8c1", "id": 5}, {"snippet_links": [{"key": "responsible-for", "type": "clause", "offset": [16, 31]}, {"key": "filled-drug-product", "type": "definition", "offset": [42, 61]}, {"key": "by-sanofi", "type": "clause", "offset": [75, 84]}, {"key": "further-processing", "type": "clause", "offset": [225, 243]}, {"key": "in-accordance-with", "type": "clause", "offset": [245, 263]}, {"key": "the-commission", "type": "clause", "offset": [344, 358]}, {"key": "certification-of", "type": "clause", "offset": [378, 394]}, {"key": "drug-product-batch", "type": "definition", "offset": [407, 425]}, {"key": "performed-by", "type": "clause", "offset": [434, 446]}, {"key": "authorized-representative", "type": "definition", "offset": [456, 481]}, {"key": "quality-assurance", "type": "definition", "offset": [513, 530]}, {"key": "batch-certification", "type": "clause", "offset": [546, 565]}, {"key": "qualified-person", "type": "definition", "offset": [590, 606]}, {"key": "in-the-case", "type": "clause", "offset": [607, 618]}, {"key": "the-eu", "type": "clause", "offset": [659, 665]}, {"key": "release-of", "type": "clause", "offset": [683, 693]}, {"key": "copies-of-the", "type": "clause", "offset": [766, 779]}, {"key": "quality-agreement", "type": "definition", "offset": [887, 904]}, {"key": "certificates-of-conformance", "type": "clause", "offset": [909, 936]}, {"key": "certificate-of-analysis", "type": "clause", "offset": [989, 1012]}, {"key": "issued-by", "type": "definition", "offset": [1013, 1022]}, {"key": "the-specifications", "type": "definition", "offset": [1078, 1096]}, {"key": "a-list", "type": "definition", "offset": [1100, 1106]}, {"key": "related-to", "type": "definition", "offset": [1198, 1208]}], "size": 1, "samples": [{"hash": "2PxUZcNiwzP", "uri": "/contracts/2PxUZcNiwzP#release-procedures", "label": "Supply Agreement (Kalobios Pharmaceuticals Inc)", "score": 23.7597541809, "published": true}], "snippet": "Sanofi shall be responsible for supplying Filled Drug Product Manufactured by Sanofi or its subcontractor to KaloBios and for certifying that the Filled Drug Product has been Manufactured, tested and released to KaloBios for further processing, in accordance with [***] CONFIDENTIAL PORTIONS OF THIS DOCUMENT REDACTED AND SEPARATELY FILED WITH THE COMMISSION. cGMP. Release and certification of each Filled Drug Product batch will be performed by Sanofi\u2019s authorized representative, qualified and responsible for quality assurance (this includes batch certification and release by Sanofi\u2019s Qualified Person in the case of product destined for human trials in the EU). As part of the release of Filled Drug Product to KaloBios, Sanofi shall provide KaloBios with the copies of the following documentation for each batch of Filled Drug Product (as per Section 5.4.1 of the Sanofi Internal Quality Agreement): \u2022 Certificates of Conformance and Disposition from Sanofi or its subcontractor. \u2022 Certificate of Analysis issued by Sanofi or its subcontractor showing compliance against the Specifications. \u2022 A list of investigations and their conclusions for any deviations, out of limits or out of trends related to the Filled Drug Product. \u2022 A Batch Abstract.", "hash": "841f1e2f2bd6b5e30aac78e3e70e42c6", "id": 6}, {"snippet_links": [{"key": "release-of", "type": "clause", "offset": [85, 95]}, {"key": "unless-otherwise-specified", "type": "clause", "offset": [115, 141]}, {"key": "in-accordance-with", "type": "clause", "offset": [184, 202]}, {"key": "provide-a", "type": "definition", "offset": [281, 290]}, {"key": "release-void", "type": "clause", "offset": [359, 371]}, {"key": "the-aircraft-is", "type": "clause", "offset": [375, 390]}, {"key": "the-release-time", "type": "clause", "offset": [426, 442]}], "size": 1, "samples": [{"hash": "1TwHHTc4JdG", "uri": "/contracts/1TwHHTc4JdG#release-procedures", "label": "Letter of Agreement", "score": 25.7720737457, "published": true}], "snippet": "a. When an IFR aircraft is ready for departure BLV ATCT must:\n1. Verbally coordinate release of IFR departures.\n2. Unless otherwise specified, BLV will release departures on a heading in accordance with the departing runway:\n(a) 14L/32R: heading 050\n(b) 14R/32L: runway heading\n4. Provide a departure sequence when requesting multiple releases.\n5. Consider a release VOID if the aircraft is not airborne within 4 minutes from the release time. When multiple aircraft are released, the four minute VOID time begins when the previous departure is airborne.", "hash": "66be63332d8245b628709ddff203e30e", "id": 7}, {"snippet_links": [{"key": "promptly-upon-the", "type": "clause", "offset": [4, 21]}, {"key": "the-milestones", "type": "clause", "offset": [36, 50]}, {"key": "section-36", "type": "clause", "offset": [64, 75]}, {"key": "company-disclosure-letter", "type": "definition", "offset": [86, 111]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [115, 137]}, {"key": "notice-of", "type": "definition", "offset": [204, 213]}, {"key": "be-prepared", "type": "clause", "offset": [277, 288]}, {"key": "the-exchange-agent", "type": "clause", "offset": [324, 342]}, {"key": "release-notice", "type": "definition", "offset": [347, 361]}, {"key": "release-instructions", "type": "definition", "offset": [491, 511]}, {"key": "number-of-earnout-shares", "type": "clause", "offset": [548, 572]}, {"key": "exchange-fund", "type": "definition", "offset": [597, 610]}, {"key": "the-earnout", "type": "clause", "offset": [684, 695]}, {"key": "member-of-the", "type": "clause", "offset": [774, 787]}, {"key": "pro-rata-basis", "type": "clause", "offset": [864, 878]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [880, 906]}, {"key": "pursuant-to", "type": "definition", "offset": [958, 969]}, {"key": "shares-of-parent-common-stock", "type": "clause", "offset": [1024, 1053]}], "size": 1, "samples": [{"hash": "gGKVFcYBdiM", "uri": "/contracts/gGKVFcYBdiM#release-procedures", "label": "Merger Agreement (Longevity Health Holdings, Inc.)", "score": 36.5318275154, "published": true}], "snippet": "(i) Promptly upon the occurrence of the milestones set forth in Section 3.6(b) of the Company Disclosure Letter or as soon as practicable after Parent becomes aware of such occurrence or receives written notice of such occurrence, Parent shall prepare and deliver, or cause to be prepared and delivered, a written notice to the Exchange Agent (a \u201cRelease Notice\u201d), which Release Notice shall set forth in reasonable detail the milestone giving rise to the requested release and the specific release instructions with respect thereto (including the number of Earnout Shares to be released from the Exchange Fund and the identity of the person(s) to whom they should be released).\n(ii) The Earnout Shares that are to be released from the Exchange Fund and distributed to each member of the Earnout Group shall be distributed to each member of the Earnout Group on a pro rata basis. For the avoidance of doubt, any Earnout Shares to be released and distributed pursuant to this Section 3.6 shall be released and distributed as shares of Parent Common Stock.\n(iii) The Earnout Shares shall be released and delivered upon the milestones set forth in Section 3.6(b) of the Company Disclosure Letter.", "hash": "e9f2639600b33111747ea03aba850e82", "id": 8}, {"snippet_links": [{"key": "procurement-executive", "type": "definition", "offset": [4, 25]}, {"key": "agency-head", "type": "definition", "offset": [33, 44]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [56, 75]}], "size": 1, "samples": [{"hash": "2I9aI3NH9Bx", "uri": "/contracts/2I9aI3NH9Bx#release-procedures", "label": "Lease Agreement", "score": 32.710269928, "published": true}], "snippet": "The Procurement Executive is the agency head\u2019s designee for the purposes of FAR 5.404\u20131(a) and the agency head for the purposes of FAR 5.404\u20131(b). [55 FR 5774, Feb. 16, 1990]", "hash": "7f008899b585f0ed794f8cfb544069ed", "id": 9}, {"snippet_links": [{"key": "agree-to", "type": "clause", "offset": [12, 20]}, {"key": "in-all-cases", "type": "clause", "offset": [73, 85]}, {"key": "release-of", "type": "clause", "offset": [100, 110]}, {"key": "source-code", "type": "clause", "offset": [115, 126]}], "size": 1, "samples": [{"hash": "iw5kN6XrhRr", "uri": "/contracts/iw5kN6XrhRr#release-procedures", "label": "Software License and Services Agreement (Unifi Communications Inc)", "score": 18.0, "published": true}], "snippet": "The parties agree to observe the following procedures ------------------ in all cases involving the release of the Source Code.", "hash": "ea5bda74e0f6b7a845f398e696a23465", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtyZWxlYXNlLXByb2NlZHVyZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 32, "children": [["product", "Product"], ["certificate-of-compliance", "CERTIFICATE OF COMPLIANCE"], ["xanodyne-receipts", "Xanodyne Receipts"], ["subject-to", "Subject to"], ["initiating-endpoint", "Initiating Endpoint"]], "parents": [["release-of-warrants-from-escrow", "Release of Warrants From Escrow"], ["earnout", "Earnout"], ["indemnification", "Indemnification"], ["entire-agreement", "Entire Agreement"], ["miscellaneous", "Miscellaneous"]], "title": "Release Procedures", "id": "release-procedures", "related": [["administrative-procedures", "Administrative Procedures", "Administrative Procedures"], ["repurchase-procedures", "Repurchase Procedures", "Repurchase Procedures"], ["loan-procedures", "Loan Procedures", "Loan Procedures"], ["impasse-procedures", "Impasse Procedures", "Impasse Procedures"], ["new-procedures", "New Procedures", "New Procedures"]], "related_snippets": [], "updated": "2025-07-16T04:46:12+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Release Procedures clause outlines the specific steps and requirements that must be followed for one party to formally release the other from certain obligations or liabilities under the agreement. Typically, this involves providing written notice, completing necessary documentation, and sometimes meeting predefined conditions before the release becomes effective. By clearly defining the process, this clause ensures that both parties understand how and when a release can occur, thereby reducing the risk of disputes and ensuring a smooth transition of responsibilities."}, "json": true, "cursor": ""}}