Disbursement of the Escrow Warrants. The Escrow Agent shall hold the Escrow Warrants until 30 days after the consummation of a Business Combination (as such term is defined in the Registration Statement) ("Escrow Period"), on which date it shall, upon written instructions from the Insider Purchasers, disburse the Insider Purchaser's Escrow Warrants to the Insider Purchasers; provided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Warrants. The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Warrants in accordance with this Section 3.
Appears in 2 contracts
Samples: Warrant Escrow Agreement (Geneva Acquisition Corp), Warrant Escrow Agreement (Geneva Acquisition Corp)
Disbursement of the Escrow Warrants. The Escrow Agent shall hold the Escrow Warrants until 30 days after the consummation of a Business Combination (as such term is defined in the Registration Statement) ("“Escrow Period"”), on which date it shall, upon written instructions from the Insider PurchasersPurchaser, disburse the Insider Purchaser's ’s Escrow Warrants to the Insider PurchasersPurchaser; providedpro-vided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Warrants. The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Warrants in accordance with this Section 3.
Appears in 2 contracts
Samples: Warrant Escrow Agreement (Columbus Acquisition Corp), Warrant Escrow Agreement (Columbus Acquisition Corp)
Disbursement of the Escrow Warrants. The Escrow Agent shall hold the Escrow Warrants until 30 45 days after the consummation of a Business Combination (as such term is defined in the Registration Statement) ("“Escrow Period"”), on which date it shall, upon written instructions from the each Insider PurchasersPurchaser, disburse the Insider Purchaser's ’s Escrow Warrants to the Insider PurchasersPurchaser; provided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Warrants. The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Warrants in accordance with this Section 3.
Appears in 1 contract
Samples: Warrant Escrow Agreement (Polaris Acquisition Corp.)
Disbursement of the Escrow Warrants. The Escrow Agent shall hold the Escrow Warrants until 30 days after the consummation of a Business Combination (as such term is defined in the Registration Statement) ("Escrow Period"), on which date it shall, upon written instructions from the Insider PurchasersPurchaser, disburse the Insider Purchaser's Escrow Warrants to the Insider PurchasersPurchaser; provided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Warrants. The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Warrants in accordance with this Section 3.
Appears in 1 contract
Samples: Warrant Escrow Agreement (Renaissance Acquisition Corp.)
Disbursement of the Escrow Warrants. The Escrow Agent shall hold the Escrow Warrants until 30 days after the consummation of a Business Combination (as such term is defined in the Registration Statement) ("“Escrow Period"”), on which date it shall, upon written instructions from the Insider Purchasers, disburse the Insider Purchaser's Purchasers’ Escrow Warrants to the Insider Purchasers; provided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Warrants. The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Warrants in accordance with this Section 3.
Appears in 1 contract
