Escrow Conditions definition

Escrow Conditions means the following conditions:

Escrow Conditions as defined in Section 6.2.

Escrow Conditions has the meaning assigned to such term in the Escrow Agreement.

Examples of Escrow Conditions in a sentence

• Shares may be subject to restriction conditions relating to milestones (Milestone Conditions) (such as a period of employment) or escrow restrictions (Escrow Conditions) which must be satisfied before the Shares can be sold, transferred, or encumbered (Restriction Conditions).

• Upon the satisfaction of the Escrow Conditions, the Escrow Agent will cause the liquidation of all Escrowed Property then held by it and cause the release of the proceeds of such liquidated Escrowed Property to or on the order of the Issuer on the Escrow Release Date in accordance with the terms of the Escrow Agreement.

• The Escrow Conditions were satisfied on November 27, 2003, the proceeds were released to the Company and the subscription receipts were exchanged for 85,800,000 common shares of the Company ("Common Shares").

• The proceeds from the issue were escrowed subject to the satisfaction of certain conditions (the "Escrow Conditions") which included the Company reaching agreement with its lenders on the restructuring and pay down of the Syndicated Credit Facility.

• Upon the satisfaction of the Escrow Conditions, the Escrow Agent will cause the liquidation of all Escrowed Property then held by it and cause the release of the proceeds of such liquidated Escrowed Property in accordance with the terms of the Escrow Agreement.

More Definitions of Escrow Conditions

Escrow Conditions means collectively (a) the Acquisition will be consummated on the date of release of the Escrowed Property in all material respects as described under “Summary—Acquisition Agreement” in the Offering Memorandum; (b) the Issuers have entered into the Credit Agreement or will substantially concurrently with the release of the Escrowed Property enter into the Credit Agreement; and (c) borrowings under the Credit Agreement will be available in an aggregate amount sufficient, when taken together with the Escrowed Property and the cash and Cash Equivalents of Dutch Issuer and the Subsidiaries, to consummate the Acquisition and to pay related fees and expenses.

Escrow Conditions means, collectively, all of the following:

Escrow Conditions means the following conditions: (a) the notice period for the Redemptions has expired; (b) the joinder to the Intercreditor Agreement and the Security Documents required to create the Liens in the Collateral securing the Notes Obligations have been executed and delivered on the terms described under “Description of Notes” in the Offering Memorandum; (c) the net proceeds from the issuance of the Initial Notes have been applied to the Redemptions; (d) the Issuer has received approval from the applicable gaming authorities to consummate the HOC Assumption, the HOC Assumption has been consummated and HOC, as the obligor in respect of the Notes Obligations, has assumed all of the obligations of the Escrow Issuers under the Notes and this Indenture pursuant to a supplemental indenture and other agreements and opinions reasonably satisfactory to the Trustee; and (e) HOC has executed a joinder to the Registration Rights Agreement and the Purchase Agreement.

Escrow Conditions means the following conditions required to be satisfied to cause the release of the proceeds of the escrow account referred to in the Escrow Agreement.

Escrow Conditions has the meaning assigned to such term in Section 4.02.

Escrow Conditions means the conditions set forth in Section 1.05(b) of the Escrow Agreement required to be satisfied to cause the release of the proceeds of the escrow account referred to therein.

Escrow Conditions means the following conditions: (a) the Consummation (as defined in the Plan) of the Plan shall have occurred substantially in accordance with the terms described in the Offering Memorandum and the public filings of Caesars Entertainment as of the Issue Date; (b) the CEC/CAC Merger shall have been consummated substantially in accordance with the terms described in the Offering Memorandum under the heading “Summary—The Transactions”; (c) borrowings (or release of escrow) under the new Senior Secured Credit Facilities on substantially the terms described in the Offering Memorandum will have been made; (d) the Transactions will have been consummated substantially in accordance with the terms described in the Offering Memorandum under the heading “Summary—The Transactions”; (e) the Escrow Issuer shall promptly after, and in any event on the same day as, such release, merge with and into the Company, with the Company as the surviving entity, and the Company shall, by supplemental indenture in the form of Exhibit C-1 executed on or prior to the Escrow Release Date, assume the obligations of the Escrow Issuer under this Indenture and the Notes; (f) each of the Company’s direct and indirect Wholly Owned Restricted Subsidiaries that are Domestic Subsidiaries and that are borrowers or guarantors under the Senior Secured Credit Facilities (other than Finance) shall promptly after, and in any event on the same day as, such release, by supplemental indenture in the form of Exhibit C-1 executed on or prior to the Escrow Release Date, become or have become Subsidiary Guarantors; and (g) all regulatory approvals required for the consummation of the Transactions will have been obtained.