Common use of Deposit of Escrow Securities Clause in Contracts

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. On or before the Effective Date, each of the Initial Shareholders Private Investors shall deliver to the Escrow Agent certificates representing his such Private Investor’s respective Escrow SecuritiesShares, to be held and disbursed subject to the terms and conditions of this Agreement; provided however. On or before the Effective Date, that I-Bankers, on behalf each of the RepresentativesPrivate Investors purchasing Placement Warrants shall deliver to the Escrow Agent certificates representing such Investor’s respective Placement Warrants, may release any Initial Shareholder from to be held and disbursed subject to the terms of this escrow obligation if I-Bankers, on behalf of the Representatives, determines, in its sole discretion, that the circumstances reasonably warrant such releaseAgreement. Each Initial Shareholder Private Investor acknowledges that the certificate certificate(s) representing his or her Escrow Securities is are legended to reflect the deposit of such Escrow Securities 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, Representatives may release any Initial Shareholder from this escrow obligation if I-Bankers, on behalf of the Representatives, determinesRepresentatives determine, in its their 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.