Escrow Termination Date means the date on which all of the Covered Litigation has been finally resolved, whether by means of a dismissal thereof by a court of competent jurisdiction from which there is no further right of appeal, or the issuance of a Governmental Order by a court of competent jurisdiction or other applicable Governmental Authority either approving a settlement thereof or entering a final judgment with respect thereto from which there is no further right of appeal. The Corporation shall deliver written notice to the Litigation Committee, to each holder of any shares of Class B Common Stock and to the Escrow Agent promptly after the occurrence of the Escrow Termination Date.
Examples of Escrow Termination Date in a sentence
Prior to the Escrow Termination Date, no disbursements shall be made from the Escrow Account except in accordance with the terms and conditions of the Escrow Agreement.
From and after the Escrow Termination Date, any and all funds remaining on deposit in the Escrow Account shall be disbursed to and retained by the Corporation.
More Definitions of Escrow Termination Date
Escrow Termination Date has the meaning set forth in Section 3.9. Final Application for Payment is defined in Section 11.2. Final Completion is defined in Section 7.4. Final Delivery Date means June 24, 2012 which is the date specified in Exhibit G - Work Schedule by which Vendor must deliver all materials and equipment to be supplied under this Agreement to the Site. Fixed Costs refers to those portions of the Scope of Work that Vendor and Owner have agreed shall be provided by Vendor for a fixed price, as set forth in Exhibit D – Payment Schedule. Force Majeure Event is defined in Section 13.1.
Escrow Termination Date means: December 28, 2006; provided, however, Cerberus may, in its sole discretion, extend an Escrow Termination Date by giving written notice to the Company and Cerberus Counsel of its election to so extend such Escrow Termination Date, and such Escrow Termination Date shall be the date specified in such notice, provided, further, however, the Escrow Termination Date shall not be later than March 31, 2007, and on such extended date, if the Closing shall not have occurred, Cerberus Counsel shall return the Escrow Amount attributable to the Closing in accordance with Section 3.1(b).
Escrow Termination Date means the date that is the eighteen (18)-month anniversary of the Closing Date.