Extract to table

The three remaining open issues that require resolution are: (1) Escrow Mechanics and Release Trigger — the conditions under which the $1,350,000 settlement payment held in escrow shall be released to MCB; (2) Scope of Brindoval's Amendment to Pending Trademark Application Serial No

Under the current draft of the Coexistence Agreement, Brindoval is required to deposit $1,350,000 into the designated escrow account at Dralvecen National Bank within ten (10) business days of execution of the Coexistence Agreement

The dispute concerns the conditions that must be satisfied before the escrowed funds are released to MCB — i

The TTAB opposition, by contrast, is ancillary to the court action and would in any event become moot upon execution of the Coexistence Agreement, under which Brindoval is required to amend its pending application

To eliminate ambiguity, the fallback provision should include an express statement that if TTAB processing of the withdrawal takes longer than ten (10) business days after filing, the filing itself shall be deemed to satisfy the condition for purposes of escrow release

after any appeal), Brindoval shall be required to abandon application Serial No