Deposit of Escrow Securities Sample Clauses

Deposit of Escrow Securities. Prior to the date of the consummation of the Private Placement and the Public Offering, the Initial Shareholder shall deliver to the Escrow Agent certificates representing his or her respective Escrow Securities to be held and disbursed subject to the terms and conditions of this Agreement. The Initial Shareholder acknowledges and agrees that the certificates representing its Escrow Securities will be legended to reflect the deposit of such Escrow Securities under this Agreement.
Deposit of Escrow Securities. On or before the Closing Date, the Initial Holders shall deliver to the Escrow Agent certificates representing their respective Escrow Securities, in proper transfer order with Medallion guaranteed stock powers, to be held and disbursed subject to the terms and conditions of this Agreement. The Initial Holders acknowledge and agree that the certificates representing the Escrow Securities will bear a legend to reflect the deposit of such Escrow Securities under this Agreement.
Deposit of Escrow Securities. On or prior to the Effective Date, the Escrow Securities shall have been issued to each of the Initial Securityholders in book entry representing such Initial Securityholder’s respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. Each of the Initial Securityholders acknowledges that such Initial Securityholder’s Escrow Securities is legended to reflect the deposit of such Escrow Securities under this Agreement.
Deposit of Escrow Securities. On or before the effective date of the Registration Statement, the Stockholders (or the Company on behalf of any or all of the Stockholders) shall each deliver to the Escrow Agent a certificate or certificates representing their Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. The Stockholders acknowledge that the certificate or certificates representing their Escrow Securities are legended to reflect that such Escrow Securities are subject to the terms and conditions of this Agreement.
Deposit of Escrow Securities. On or before the Effective Date, each of the Founders shall deliver to the Escrow Agent certificates representing his, her or its respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. Each Founder acknowledges that the certificate representing his, her or its Escrow Securities is legended to reflect the deposit of such Escrow Securities under this Agreement.
Deposit of Escrow Securities. On or before the effective date of the Registration Statement, (a) each Initial Stockholder shall deliver to the Escrow Agent the certificates representing such Initial Stockholder’s Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement, and (b) the Initial Warrantholder shall deliver to the Escrow Agent a certificate representing the Initial Warrantholder’s Insider Warrants. Each Initial Stockholder acknowledges that the certificates representing the Escrow Shares shall bear a legend to reflect the deposit of such Escrow Shares under this Agreement. The Initial Warrantholder acknowledges that the certificate representing the Insider Warrants shall bear a legend to reflect the deposit of the Insider Warrants under this Agreement.
Deposit of Escrow Securities. On or before the Effective Date, each of the Initial Shareholders shall deliver to the Escrow Agent certificates representing his respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement; provided however, that I-Bankers, on behalf of the Representatives, may release any Initial Shareholder from this escrow obligation if I-Bankers, on behalf of the Representatives, determines, in its sole discretion, that the circumstances reasonably warrant such release. Each Initial Shareholder acknowledges that the certificate representing his Escrow Securities is legended to reflect the deposit of such Escrow Securities under this Agreement.
Deposit of Escrow Securities. Promptly following the completion of the IPO, the Private Investors shall deliver to the Escrow Agent certificates representing their respective Escrow Securities as set forth opposite their respective names on Exhibit A hereto, which certificates shall remain in the name of such Private Investor or in the name of such Private Investor’s Permitted Transferee (defined below), to be held and disbursed subject to the terms and conditions of this Agreement. Each Private Investor acknowledges that the certificate representing such Private Investor’s Escrow Securities bears a legend to reflect the deposit of such Escrow Securities under this Agreement.
Deposit of Escrow Securities. On or before the Closing Date of the sale of the Units (as defined in the Underwriting Agreement), each of the Company Principals shall deliver to the Escrow Agent certificates, either endorsed in blank or accompanied by stock powers endorsed in blank, in either instance with signatures guaranteed by a commercial bank or a member of the New York Stock Exchange, Inc. representing his or its respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. In addition, all dividends or other distributions payable in equity securities of the Company or other non-cash property (the "Non-Cash Dividends") will be delivered to the Escrow Agent to hold in accordance with the terms hereof. In the event, subsequent to a business combination as described in the Prospectus (the "Business Combination"), there is a stock exchange or other transaction pursuant to which all the Company's stockholders are given the right to exchange their Company securities for property other than cash (the "Exchanged Securities"), the Company Principals may instruct the Escrow Agent to make the exchange on their behalf, in which event, the Exchanged Securities issued on behalf of the Company Principals will be delivered to the Escrow Agent to be held hereunder. As used herein, the term Escrow Securities will be deemed to include the Non-Cash Dividends and Exchanged Securities, if any.
Deposit of Escrow Securities. On or before the Effective Date, each of the Founders shall deliver to the Escrow Agent certificates representing his or its respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. Each of the Founders acknowledges that the certificate representing his or its Escrow Securities is legended to reflect the deposit of such Escrow Securities under this Agreement. An amount equal to 15% of each Founder’s Escrow Securities shall be cancellable as set forth below (the “Cancellable Shares”). In the event that (i) the Underwriters do not exercise any part of their over-allotment option, then each Founder’s Cancellable Shares shall be cancelled upon expiration of the over-allotment option, and the Founder will receive no consideration for such cancellation, or (ii) the Underwriters exercise their over-allotment option in part, a pro rata amount of each Founder’s Cancellable Shares shall be cancelled, and the Founder will receive no consideration for such cancellation.