Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:
Release of Escrow Funds. The Escrow Agent shall disburse the Escrow Funds in accordance with the following procedures:
Release of Escrow Funds. The Escrow Agent shall release and distribute the Escrow Funds (including any Investment Earnings) as follows:
Release of Escrow Funds. (a) The release of Escrow Funds shall be subject to the terms of this Agreement and the Escrow Agreement.
Release of Escrow Funds. If any Claims exist as of the Deposit Date and the Escrow Funds are therefore deposited with the Escrow Agent, the Escrow Funds shall be released by the Escrow Agent and Parent as soon as practicable, taking into account the notices to be delivered under this Section 3.1, provided that all Claims are fully and finally settled (the "Release Date") less any Escrow Funds delivered to or deliverable to Parent in satisfaction of Uncontested Claims or Contested Claims which have been settled by the parties hereto. Within ten (10) of the Escrow Agent's business days ("Business Days") after the Release Date, Parent and the Indemnification Representative shall deliver to the Escrow Agent a written notice (the "Release Notice") setting forth the number of Escrow Funds to be released (the "Released Escrow"), including the amount of Escrow Funds to be released to each Holder. The Escrow Agent shall be authorized to act in accordance with any Release Notice. The Released Escrow shall be released to the Holders in proportion to their respective interests in the Initial Escrow Funds as certified in writing to the Escrow Agent. If the Escrow Funds contain shares of Parent Common Stock, then in lieu of releasing any fractional shares of Parent Common Stock from the Escrow Funds, any fraction of a released share of Parent Common Stock from the Escrow Funds that would otherwise be released shall be rounded to the nearest whole share. The Escrow Agent shall effect any release of Escrow Funds in the manner provided in Section 12.16 herein. The Escrow Agent shall not be required to take such action until the Escrow Agent has received the Release Notice executed by Parent and the Indemnification Representative or, in the event Parent and the Indemnification Representative fail to execute and deliver a jointly approved Release Notice, a final award or decision which specifies the distribution of the Escrow Funds.
Release of Escrow Funds. The Escrow Funds shall be disbursed from the Escrow Account in accordance with the following:
Release of Escrow Funds. 4.1 Payments during the term of the Agreement or on termination of the Agreement
Release of Escrow Funds. (1) Subject to applicable law and as further described in the Prospectus, none of the Escrow Funds in the Escrow Account will be released from the Escrow Account until the earliest of: (i) the closing by the Corporation of a Qualifying Acquisition within the Permitted Timeline; (ii) a redemption (on the closing of a Qualifying Acquisition or on an extension of the Permitted Timeline, each as provided herein) by Holders of, or an automatic redemption of, Class A Restricted Voting Shares; (iii) a winding- up of the Corporation; and (iv) the requirement of the Corporation to pay taxes on the interest or certain other amounts earned on the Escrow Funds (including, if applicable, as described herein, under Part VI.1 of the Tax Act arising in connection with the redemption of the Class A Restricted Voting Shares), and for payment of certain expenses, as described herein.
Release of Escrow Funds. The Escrow Funds shall not be distributed to Seller until that date which is twelve (12) months after the Closing Date, and shall only be distributed in accordance with the terms and conditions of the Escrow Agreement. In the event that Buyer shall have perfected, prior to the expiration of such 12-month period, a claim for indemnification pursuant to Article 4, Buyer shall endeavor in good faith to determine a reasonable estimate of the maximum amount of such claim and shall instruct the Escrow Agent to distribute any excess amount of Escrow Funds to Seller in accordance with the terms of the Escrow Agreement.
