Common use of Subsequent Distributions Clause in Contracts

Subsequent Distributions. If the Escrow Agent is required to retain any portion of the Holdback Cash or Holdback Units after the Release Date in accordance with Section 1.10 e. above, then the duration of the Escrow shall be extended and, from time to time, upon receipt of Joint Instructions or a Final Award with respect to any Purchaser Claims that were not resolved on or prior to the Release Date, the Escrow Agent shall distribute to Purchaser such portion of the Holdback Cash and Holdback Units, if any, that is necessary to satisfy the Purchaser Claims in accordance with such Joint Instructions or Final Award, and thereafter distribute any remaining Holdback Cash and Holdback Units to the Shareholder Representative.

Subsequent Distributions. If the Escrow Agent is required to retain any portion of the Holdback Cash or Holdback Units Shares after the Release Date in accordance with Section 1.10 e. above, then the duration of the Escrow shall be extended and, from time to time, upon receipt of Joint Instructions or a Final Award with respect to any Purchaser Claims that were not resolved on or prior to the Release Date, the Escrow Agent shall distribute to Purchaser such portion of the Holdback Cash and Holdback UnitsShares, if any, that is necessary to satisfy the Purchaser Claims in accordance with such Joint Instructions or Final Award, and thereafter distribute any remaining Holdback Cash and Holdback Units Shares to the Shareholder Representative.