Released Escrow Amount definition

Released Escrow Amount means any Escrow Funds (or any interest or other income accrued or earned thereon with respect to the Indemnity Escrow Funds and the Special Escrow Funds) that are released to the Payments Administrator and the Surviving Corporation, as applicable, for distribution to the Holders based on their respective Further Distributions Per Share pursuant to the terms and conditions of this Agreement and the Escrow Agreement.

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Released Escrow Amount means any and all funds released from time to time from the Verizon Escrow Account to the Company, or directly to the Notes Escrow Account pursuant to the Company's written instructions in the Instruction Letter, in each case but only pursuant to the terms and conditions of the Verizon Escrow Agreement, but excluding (i) any funds released under Section 3 of the Verizon Escrow Agreement which are payable to the Federal Communications Commission (or any successor entity thereto) or (ii) any Tax Distribution Amounts.

Released Escrow Amount means any and all funds released from time to time from the Verizon Escrow Account to the Company, or directly to the Notes Escrow Account pursuant to the Company’s written instructions in the Instruction Letter, in each case but only pursuant to the terms and conditions of the Verizon Escrow Agreement, but excluding (i) any funds released under Section 3 of the Verizon Escrow Agreement which are payable to the Federal Communications Commission (or any successor entity thereto) or (ii) any Tax Distribution Amounts. “Responsible Officer,” when used with respect to the Trustee, means any officer within the Conventional Debt Unit of the Institutional Trust Services department of the Trustee (or any successor unit or department of the Trustee) located at the Corporate Trust Office of the Trustee who has direct responsibility for the administration of this Indenture and, for purposes of Sections 5.01(c)(ii) and 5.14 hereof, means any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject.

Examples of Released Escrow Amount in a sentence

• The Company has, contemporaneously with the execution of this Indenture, pursuant to the Instruction Letter, directed the Verizon Escrow Agent to deposit, from time to time, any and all of the Released Escrow Amount into the Notes Escrow Account immediately upon such release and in accordance with such instructions.

• In the event and on each occasion that any Released Escrow Amount is released from the Verizon Escrow Account and is subject to the Instruction Letter, on the tenth Business Day after such release, subject to Section 3.08 of the Indenture, the Company shall redeem Notes in an amount equal to the aggregate amount of such Released Escrow Amount.

• In the event and on each occasion that any Released Escrow Amount is released from the Verizon Escrow Account and is subject to the Instruction Letter, on the tenth Business Day after such release, subject to Section 3.08 hereof, the Company shall redeem Notes in an amount equal to the aggregate amount of such Released Escrow Amount.

• The Company covenants that in the event it should receive, at any time, any of the Released Escrow Amount, it will hold such amounts in trust for the Holders and promptly deliver any and all such amounts in their entirety to the Trustee for deposit in the Notes Escrow Account.

• The Released Escrow Amount shall be delivered by the Escrow Agent to the Holders in accordance with such Schedule within ten (10) days of the Escrow Agent's receipt of the Schedule.

• Upon the expiration of the Contingency Period, the Deposit, including the Released Escrow Amount, shall become non-refundable, except as otherwise expressly set forth herein.

• Any Released Escrow Amount shall be allocated among the Stockholders in accordance with the terms of this Agreement and the Escrow Agreement.

• The Released Escrow Amount shall be returned by the Escrow Agent to the Holders in accordance with instructions set forth on such updated Schedule and to the addresses indicated on such updated Schedule within ten (10) days of the Escrow Agent's receipt of the Schedule.

• If Purchaser does not terminate this Agreement prior to the expiration of the Contingency Period (as hereinafter defined), One Hundred Thousand Dollars ($100,000) (the “Released Escrow Amount”)of the Deposit shall be released to Seller, and Escrow Holder is hereby instructed to release the Released Escrow Amount to Seller if Purchaser does not terminate this Agreement prior to the end of the Contingency Period.

• On the Escrow Release Date, the Trustee shall transfer in the name of the Participant for deposit in its County Treasury Pool the applicable Released Escrow Amount.

More Definitions of Released Escrow Amount

Released Escrow Amount is defined in Section 2.13(b).

Released Escrow Amount means all or such portion of the Escrow Fund that is released and distributed to the Stockholders pursuant to the terms of this Agreement and the Escrow Agreement.

Released Escrow Amount means an amount equal to any and all funds to be released from time to time from the Verizon Escrow Account to the Notes Escrow Account other than (i) funds released pursuant to Section 3 of the Verizon Escrow Agreement but payable to the Federal Communications Commission (or any successor entity thereto) or (ii) any Tax Distribution Amount.