Common use of Additional Share Deposit Clause in Contracts

Additional Share Deposit. Purchaser irrevocably authorizes the Company to deposit with the Escrow Agent any securities (including additional Common Shares) or other property (including cash) which Purchaser would be entitled to receive on account of any Shares held by the Escrow Agent hereunder. To facilitate the performance of this Agreement, Purchaser irrevocably constitutes and appoints the Escrow Agent as his attorney-in-fact and agent for the term of the escrow to execute with respect to such Shares all share certificates, shares assignments, or other instruments, which shall be necessary or appropriate to make such securities negotiable and to complete any transaction contemplated under this Agreement, including but not limited to any filings to comply with state or federal securities laws.

Appears in 2 contracts

Sources: Restricted Shares Purchase Agreement, Restricted Shares Purchase Agreement (ALPHA & OMEGA SEMICONDUCTOR LTD)

Additional Share Deposit. Purchaser irrevocably authorizes the Company to deposit with the Escrow Agent any securities (including additional shares of the Company's Common SharesStock) or other property (including cash) which Purchaser would be entitled to receive on account of any Shares held by the Escrow Agent hereunder. To facilitate the performance of this Agreement, Purchaser irrevocably constitutes and appoints the Escrow Agent as his attorney-in-fact and agent for the term of the escrow to execute with respect to such Shares all share stock certificates, shares stock assignments, or other instruments, which shall be necessary or appropriate to make such securities negotiable and to complete any transaction contemplated under this Agreement, including but not limited to any filings to comply with state or federal securities laws.

Appears in 1 contract

Sources: Common Stock Purchase Agreement (Chaparral Network Storage Inc)