Examples of Second Escrow Release Date in a sentence
As continuing Security for the due and punctual fulfilment of the Secured Obligations, the Issuer agrees to grant on the Second Escrow Release Date the Transaction Security comprised by the share pledge over the shares of the Target Company being acquired in connection with the Second Disbursement, and pledges over any intercompany loans in relation to such Target Company, to the Secured Parties as represented by the Agent.
Any portion of the Escrow Fund held by the Escrow Agent following the Second Escrow Release Date with respect to pending but unresolved claims for indemnification that is not awarded to Acquirer upon the resolution of such claims shall be distributed by the Escrow Agent to the Converting Holders within five Business Days following resolution of such claims and in accordance with each such Converting Holder’s Pro Rata Share of such portion of the Escrow Fund.