Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / escrow-agreement.docx
escrow-agreement.docx
Parties
Northgate Telecommunications PLC
Federal Deposit Insurance Corp
Calvert Corp
Halcyon Partners LLC
Harkness LLP
Morrow LLP
Dates
June 9, 2023
June 8, 2028
July 9, 2023
June 9, 2024
June 9, 2025
June 9, 2026
June 9, 2027
February 22, 2023
Amounts
$75,000,000
$3,750,000
$750,000
$15,000,000
$10,000,000,000
$5,500.00
$4,750.00
$1,500.00
$25.00
$35.00
Obligations
L); WHEREAS, Dravello National Bank has agreed to act as Escrow Agent to hold, invest, and disburse the Escrow Funds (as defined herein) in accordance with the terms and conditions set forth in this Agreement; and WHEREAS, capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the MSA
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: ARTICLE 1 — DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below
Capitalized terms used but not defined in this Article 1 shall have the meanings ascribed to them elsewhere in this Agreement or, if not defined herein, in the MSA
The Escrow Account shall be established promptly following execution of this Agreement, and Escrow Agent shall notify Customer and Service Provider in writing of the account details, including wire transfer instructions, within five (5) business days of the date hereof
If any deposit date falls on a day that is not a business day, the deposit shall be made on the next succeeding business day
Upon deposit of the fifth and final Annual Deposit Amount, no further deposits shall be required of Service Provider under this Agreement, and the Escrow Account shall thereafter be maintained in accordance with the terms of this Agreement without additional funding obligations