Termination of Escrow Agreement. The Escrow Agent's responsibilities thereunder shall terminate at such time as the Escrow Fund shall have been fully disbursed pursuant to the terms hereof, or upon earlier termination of this escrow arrangement pursuant to written instructions executed by the non-bank Party. Such written notice of earlier termination shall include instruction to the Escrow Agent for the distribution of the Escrow Fund.
Termination of Escrow Agreement. The Escrow Agent's responsibilities hereunder shall terminate upon the earliest to occur of the termination of the Purchase Agreement, the termination or rescission of this Agreement by mutual consent of the Company and the Purchaser, the disbursement of the Escrow Property into court under Section 5 hereof, and the resignation of the Escrow Agent under Section 6(h) hereof.
Termination of Escrow Agreement. This Agreement shall terminate upon the distribution of all of the Escrowed Funds by the Escrow Agent pursuant to this Agreement.
Termination of Escrow Agreement. This Escrow Agreement shall terminate when all funds in the Escrow Account have been paid to US Mag for Eligible Expenses, or, prior to that, upon agreement of US Mag and EPA, in which case such agreement shall specify how any remaining funds in the Escrow Account will be paid.
Termination of Escrow Agreement. This Escrow Agreement shall be terminated when no Collateral remains subject hereto. In addition, upon proper release of any Collateral to Escrower or Escrowee in accordance with the terms of this Escrow Agreement, such released Collateral shall no longer be subject to this Escrow
Termination of Escrow Agreement. Unless otherwise provided in this Agreement, final termination of this Agreement shall occur on the earliest of the date that (a) all funds held in the Escrow Account are distributed either to the Company or to Subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account, (b) all funds held in the Escrow Account are distributed to a successor escrow agent upon written instructions from the Company or (c) the Escrow Agent receives written notice from the Company that the Company terminated the Offering and any funds held in the Escrow Account are distributed in accordance with this Agreement. After the termination of this Agreement, the Company shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Subscribers.
Termination of Escrow Agreement. 5.1 The Escrow Agreement shall terminate upon the final disbursement of all funds held by the Escrow Agent hereunder, but not later than the Termination Date. If the funds have not been disbused pursuant to Section 4 on or before the close of business on the Termination Date, the Escrow Agent shall, without demand or direction from the Company, return the Escrow Funds (upon verification that such funds have been collected), with interest, to the Subscribers whose names have previously been provided to the Escrow Agent within fifteen (15) banking days after such date. Said disbursement to Subscribers shall be of their original capital investment with interest at 3% per annum calculated on an actual over 365 day basis, but without penalty or deduction. The Escrow Agent will not under any circumstances be required to risk or pay out any of its own money while carrying out its duties under the Escrow Agreement.
Termination of Escrow Agreement. Upon issuance of the Released Shares, the Escrow Agreement shall be terminated and be of no further force and effect.
Termination of Escrow Agreement. (a) Notwithstanding anything in the Escrow Agreement to the contrary, and subject to HealthCore's receipt of the Required Stockholder Vote, on the Termination Closing Date the Escrow Agreement shall be deemed terminated, and of no further force or effect, with respect to the Participating Escrow Shareholders, only, and all of the Released Shares shall be distributed to the Participating Escrow Shareholders, without the restrictive legend described in Section 9(a) of the Escrow Agreement that is currently contained on the certificates representing the Escrow Shares shall be deleted. By the execution of this Agreement, each Participating Escrow Shareholder authorizes and directs the Escrow Agent under the Escrow Agreement to deliver all certificates for the Escrow Shares to HealthCore, at a location in New York City specified by HealthCore upon receipt from HealthCore of a letter verifying that the Required Stockholder Vote has been obtained. Upon its receipt thereof, HealthCore shall, within ten (10) business days thereafter, deliver to each Participating Escrow Shareholders the number of Released Shares to which such Participating Escrow Shareholder is entitled as more particularly set forth on Schedule 1.1 hereto.
Termination of Escrow Agreement. Concurrently with the delivery of the Escrow Notice to the Escrow Agent and the disbursement of amounts as provided in the Escrow Notice, the Escrow Agreement is terminated.
