Examples of Escrow End Date in a sentence
The Notes will be subject to a mandatory redemption (a “Special Mandatory Redemption”) in the event that either (i) the Escrow Proceeds have not been released to Opco for distribution in accordance with the terms and conditions of the Escrow Agreement (the “Release Date”) on or before the Escrow End Date or (ii) prior to the Escrow End Date, the Issuers have determined, in their reasonable discretion, that the escrow conditions cannot be satisfied by such date (any such date, a “Trigger Date”).
If (a) the Release has not occurred on or prior to the Escrow End Date or (b) if the Company has notified the Trustee in writing of the Company’s -6- announcement that the Verizon Purchase Agreement has been terminated or that it will not pursue the consummation of the Verizon Acquisition, the Company will redeem all of the Notes (the “Mandatory Redemption”) at the Mandatory Redemption Price.
If (a) the Release has not occurred on or prior to the Escrow End Date or (b) if the Company has notified the Trustee in writing of the Company’s announcement that the Verizon Purchase Agreement has been terminated or that it will not pursue the consummation of the Verizon Acquisition, the Company will redeem all of the Notes (the “Mandatory Redemption”) at the Mandatory Redemption Price.
If the Escrow Release does not occur on or prior to the Escrow End Date, the proceeds from the issuance of the Notes will be used to effect the Special Mandatory Redemption in accordance with Section 3.08.
If the Conditions Precedent are not fulfilled by the Escrow End Date for reasons unrelated to China Orient, China Orient shall reassign all rights and interests in relation to the Debts back to Shanghai Oasis.