Common use of Escrow; Escrow Instructions Clause in Contracts

Escrow; Escrow Instructions. As security for Purchaser’s faithful performance of the terms and provisions of this Agreement and to insure the availability for delivery of the Shares upon the Company’s (or its assignee’s) exercise of the Repurchase Option, Right of First Refusal or Involuntary Transfer Option, Purchaser shall, at the Closing Date, deliver and deposit with the Assistant Secretary of the Company, or such other person designated by the Company as the Escrow Agent in this transaction, the share certificate(s) representing the Shares, together with a shares assignment duly endorsed in blank (in the form of Exhibit A to this Agreement). The Escrow Agent is hereby authorized and directed to hold the documents delivered to the Escrow Agent pursuant to the terms of this Agreement including the share certificate(s) evidencing the Shares and the shares assignment in accordance with the following terms of this Section 4.

Escrow; Escrow Instructions. As security for Purchaser’s 's faithful performance of the terms and provisions of this Agreement and to insure the availability for delivery of the Shares upon the Company’s 's (or its assignee’s's) exercise of the Repurchase Option, Right of First Refusal or Involuntary Transfer Option, Purchaser shall, at the Closing Date, deliver and deposit with the Assistant Secretary of the Company, or such other person designated by the Company as the Escrow Agent in this transaction, the share certificate(s) representing the Shares, together with a shares stock assignment duly endorsed in blank (in the form of Exhibit A to this Agreement). The Escrow --------- Agent is hereby authorized and directed to hold the documents delivered to the Escrow Agent pursuant to the terms of this Agreement including the share stock certificate(s) evidencing the Shares and the shares stock assignment in accordance with the following terms of this Section 4.