Examples of Initial Escrow Release Date in a sentence
Each party shall have completed and attached hereto their respective disclosure schedules required by this Agreement, such disclosure schedules shall have been updated immediately prior to the Initial Escrow Release Date, and such disclosure schedules shall have been acceptable to the other party and their counsel, in their sole discretion.
During the period from March 31, 1998 to the Initial Escrow Release Date, there shall not have been any material adverse change in the business, properties, results of operations, or condition (financial or otherwise) of FED.
If any Indemnification Claims are unresolved, unsatisfied or disputed as of the Initial Escrow Release Date, then the Escrow Agent shall retain possession and custody of that portion of the Escrow Amount that equals the total maximum amount of Damages being claimed by Parent in all such unresolved, unsatisfied or disputed Indemnification Claims (the “Pending Claim Amount”).
Parent and the Principal Shareholders will use commercially reasonable efforts to expedite the preparation of, and the assertion and resolution of any objections with respect to, the Purchase Price Adjustment Statement, in an effort to cause the Initial Escrow Release Date (as defined in Section 8.4(d) hereof) to occur as soon as reasonably practicable.
The aggregate market value for the ASTeX Shares shall be determined by using the average of the closing price of ASTeX's Common Stock, $.01 par value, as reported by the NASDAQ National Market System, for the four calendar weeks immediately preceding the Initial Escrow Release Date (the "MEASUREMENT CLOSING PRICE").