Examples of Escrow Expiration Date in a sentence
If any Indemnitee seeks to assert claims of indemnification pursuant to this Article VIII (an “Indemnification Claim”) at or prior to 11:59 p.m., Pacific Time, on the Escrow Expiration Date, such Indemnitee shall be required to first seek recovery against the Escrow Amount.
Notwithstanding anything contained herein to the contrary, any Claims for Company Losses specified in any Notice of Claim delivered to the Holders’ Agent prior to expiration of the Escrow Expiration Date shall remain outstanding until such Claims for Losses have been resolved or satisfied, notwithstanding the passage of the Escrow Expiration Date.
Subject to claims against the Escrow Fund as hereinafter provided, the term of this Escrow Agreement shall terminate upon the earlier of (a) the date on which the Escrow Fund shall have been reduced to zero; (b) the date on which the Company shall have repaid all of the Escrow Notes from any source of funds whatsoever; and (c) August 25, 2003 (the "Escrow Expiration Date").
Upon the Award Escrow Expiration Date, any amount remaining in the Award Escrow shall be distributed to the selling individuals and/or entities in the Sale Event in the same manner as if it were additional consideration to be distributed in accordance with the applicable sale agreement.
The amount of the Initial Escrow Amount so retained shall be released by the Escrow Agent (to the extent not utilized to pay the Buyer Indemnitees for any such claims asserted by the Buyer Indemnitees prior to the Initial Escrow Expiration Date and thereafter resolved in favor of the Buyer Indemnitees) in accordance with the resolution of such claims to Seller to be disbursed in accordance with the terms of the Escrow Agreement.