Dividends and Other Distributions in Respect of the Escrow Securities. During the applicable Escrow Period, all dividends payable in cash with respect to the Escrow Securities other than the Founder Earnout Shares shall be paid to the Initial Holders, but all dividends payable in cash with respect to the Founder Earnout Shares or in stock or other non-cash property with respect to all of the Escrow Securities (“Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term “Escrow Securities” shall be deemed to include the Non-Cash Dividends distributed thereon, if any.
Appears in 8 contracts
Samples: Securities Escrow Agreement (Global Eagle Acquisition Corp.), Securities Escrow Agreement (Boulevard Acquisition Corp.), Securities Escrow Agreement (Boulevard Acquisition Corp.)
Dividends and Other Distributions in Respect of the Escrow Securities. During the applicable Escrow Period, all dividends payable in cash with respect to the Escrow Securities other than the Founder Earnout Second Tranche Shares shall be paid to the Initial HoldersStockholders, but all dividends payable in cash with respect to the Founder Earnout Second Tranche Shares or in stock or other non-cash property with respect to all of the Escrow Securities (“Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term “Escrow Securities” shall be deemed to include the Non-Cash Dividends distributed thereon, if any.
Appears in 3 contracts
Samples: Securities Escrow Agreement (L&L Acquisition Corp.), Securities Escrow Agreement (L&L Acquisition Corp.), Securities Escrow Agreement (L&L Acquisition Corp.)
