Definition of Term B Proceeds Escrow Agreement

Term B Proceeds Escrow Agreement means an escrow and control agreement in form and substance satisfactory to the Administrative Agent among the Borrowers and JPMorgan, in its capacities as Administrative Agent hereunder and the escrow agent thereunder, pursuant to which the proceeds of the Term B Loan shall be held in escrow in the event that the Funding Date has not occurred prior to March 7, 2016.
Sample 1