Escrow Release Event means the earlier of (a) the Company’s full payment of the Early Token Repayment Amount or the Token Payment Amount pursuant to Section 1(b), (b) a Capital Call pursuant to Section 1(e), or (c) the second anniversary of the issuance of this DPA.
Escrow Release Event means the Company's (i) successful and final acquisition of the Patent Rights (defined below) and (ii) devotion of funds in excess of fifty percent (50%) of the Escrow Amount to preparing a Phase II clinical trial associated with said Patent Rights, before December 28, 2019. For the avoidance of doubt, funds devoted to preparing a Phase II clinical trials associated with the Patent Rights cannot come from the Escrow Account.
Escrow Release Event means the satisfaction of the Escrow Release Conditions on or prior to the Escrow Release Deadline;
Examples of Escrow Release Event in a sentence
No portion of the Escrow Materials may be released to Sanofi except upon an Escrow Release Event.
Upon the expiration of the Escrow Period, if no Escrow Release Event has occurred, the Escrow Agent shall be obligated to return the Escrow Materials to Translate Bio.
More Definitions of Escrow Release Event
Escrow Release Event means the time, if ever, when (i) the Partnership’s auditors certify to the Trust Company under the Escrow Agreement that the Partnership has made Distributions to the Limited Partners at least equal, in the aggregate, to the amount subscribed by the Limited Partners for the issue of Units, or (ii) a Final Sale occurs, or
Escrow Release Event means that a Change of Control of Translate Bio has occurred, a material disruption in Technology and Process Transfer following such Change of Control has occurred, Sanofi has notified Translate Bio of such material disruption and Translate Bio has not cured such material disruption in the [**] following receipt of such notice.
Escrow Release Event means the earlier of: (i) the date on which the Vendor has delivered notice to the Company that the Vendor, has paid, on behalf of Omnia, the full amount owing under the PPP Loan and such PPP Loan is discharged in full; or (ii) the date on which Omnia has received the PPP Loan Forgiveness Statement;
Escrow Release Event has the meaning set forth in Section 4.5.
Escrow Release Event means the first date on which the Company has closed equity financing transactions from and after May 15, 2018 raising aggregate gross proceeds to the Company of $500,000 or more, including all sales of Crowd Safes sold in the offering in which this Crowd Safe is issued.
Escrow Release Event is defined in Section 13.
Escrow Release Event means the earlier of (i) the date on which the Seller has delivered notice to the Purchaser that the Seller, has paid, on behalf of the Corporation, the full amount owing under the PPP Loan and such PPP Loan is discharged in full or (ii) the date on which the Corporation has received the PPP Loan Forgiveness Statement.