Upon Escrow Agent Sample Clauses
Upon Escrow Agent s receipt of (a) a Dispute Resolution Notice stating that any part of the Escrow Amount is to be released to Buyer, or (b) a Final Decision in favor of Buyer, Escrow Agent shall promptly pay to Buyer from the Escrow Amount an amount equal to the amount stated in such document, together with any interest or other investment income accrued thereon.
Upon Escrow Agent s receipt of the total Purchase Price at closing, Seller agrees to deliver, to Purchaser, the share certificate(s) representing the Purchased Shares of FNTU common stock.
Upon Escrow Agent s receipt from Interested ---------------- Parties of joint written notice that all of the payments under the Secured Promissory Note have been made (or that otherwise the Stock shall be released), Escrow Agent shall surrender to Pledgor the Stock evidenced by Certificate No. 45, together with stock powers endorsed on blank. In addition, in any event (i) on July 30, 1996 240,000 Shares shall be released to Pledgor and (ii) on January 30, 1997 an additional 240,000 Shares shall be released to the Pledgor.
Upon Escrow Agent s receipt of all items required by this paragraph 10 and satisfaction of all other conditions to Closing set forth herein, Seller and Buyer shall authorize and direct Escrow Agent to (i) record the Deed, the Mortgage, the New ECR, and the ECR Amendment in the Office of the Judge of Probate in Madison County, Alabama, (ii) disburse the Purchase Price to Seller in accordance with a closing statement approved by Buyer and Seller setting forth the prorations and adjustments required by this Agreement, and (iii) deliver originals of the items listed in paragraph 10(a), and (b) to Buyer, and deliver originals of the Note, Mortgage and Escrow Agreement to Seller.