Common use of Termination of Escrow Fund Clause in Contracts

Termination of Escrow Fund. 10.01 This Agreement (other than Sections 6.00 and 9.00) shall automatically terminate when all of the Property held by the Escrow Agent shall have been distributed, or otherwise disposed of, at any time while this Agreement remains in effect by the Escrow Agent in accordance with the terms of this Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Anthony Clark International Insurance Brokers LTD), Escrow Agreement (Anthony Clark International Insurance Brokers LTD)

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Termination of Escrow Fund. 10.01 9.01 This Agreement (other than Sections 6.00 5.00 and 9.008.00) shall automatically terminate when all of the Property Funds held by the Escrow Agent shall have been distributed, or otherwise disposed of, at any time while this Agreement remains in effect by the Escrow Agent in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Anthony Clark International Insurance Brokers LTD)

Termination of Escrow Fund. 10.01 13.01 This Agreement (other than Sections 6.00 9.00 and 9.0012.00) shall automatically terminate when all of the Property funds held by the Escrow Agent as part of the Escrow Fund shall have been distributed, or otherwise disposed of, at any time while this Agreement remains in effect by the Escrow Agent in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Anthony Clark International Insurance Brokers LTD)

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Termination of Escrow Fund. 10.01 This Escrow Agreement (other than Sections 6.00 7 and 9.0010) shall automatically terminate when all of the Property funds held by the Escrow Agent as part of the Escrow Fund at any time while this Escrow Agreement remains in effect shall have been distributed, or otherwise disposed of, at any time while this Agreement remains in effect by the Escrow Agent in accordance with the terms of this Escrow Agreement. At such time, any amounts remaining in the Interest Account shall be distributed to the Company Shareholders to the extent of their respective Pro Rata Portions thereof as directed by the Company Representative.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Neenah Foundry Co)

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