Escrowed Securities Sample Clauses
Escrowed Securities. Notwithstanding any other provision of this Agreement to the contrary, at the Closing, LeukoSite, the Stockholders' Representatives and the Escrow Agent will execute and deliver an Escrow Agreement in the form attached hereto as EXHIBIT C (the "Escrow Agreement"), pursuant to which LeukoSite shall deliver to the Escrow Agent stock certificates representing twenty percent (20%) of the Aggregate Base Consideration Shares to be issued to the Stockholders (the "Escrowed Securities"), to be held in escrow pursuant to the terms of the Escrow Agreement until either (i) December 31, 1999, if but only if on or prior to December 31, 1999 there has not been a Claim against the Escrowed Securities pursuant to the terms of this Agreement and the Escrow Agreement or any exercise by LeukoSite of its right of set-off pursuant to the terms of this Agreement, or (ii) the second anniversary of the Closing Date, if on or prior to December 31, 1999 there has been a Claim against the Escrowed Securities pursuant to the terms of this Agreement and the Escrow Agreement or any exercise by LeukoSite of its right of set-off pursuant to the terms of this Agreement. Notwithstanding anything in this Section 4.3 to the contrary, a claim for an adjustment in the Aggregate Base Consideration Shares pursuant to Section 3.7(e) that is made on or prior to December 31, 1999 shall not be taken into account in determining whether the Escrowed Securitites
Escrowed Securities. Redfall and Southtech acknowledge that certain of the securities of Amalco to be issued to the securityholders of Redfall and Southtech pursuant to the Amalgamation will be deposited into escrow in accordance with the policies of the TSXV. The parties further acknowledge that any securities of Amalco deposited into escrow shall be held in escrow and released as determined in accordance with the policies of the TSXV. The parties agree that the terms of the applicable escrow shall be negotiated by counsel for Redfall and Southtech and the TSXV and the parties agree to accept such terms as imposed by the TSXV. Such escrowed securities of Amalco shall be held in escrow, pursuant to an escrow agreement prescribed by the TSXV.
Escrowed Securities. Section 2.01. Deposits in the Escrow Fund. Concurrently with the sale and delivery of the Refunding Obligations the Issuer shall deposit, or cause to be deposited, with the Escrow Agent, for deposit in the Escrow Fund, the funds and Escrowed Securities described in the Report, and the Escrow Agent shall, upon the receipt thereof, acknowledge such receipt to the Issuer in writing.
Escrowed Securities. 2 Section 2.1 Initial Deposit of Escrowed Warrants............................... 2 Section 2.2 Additional Deposit of Escrowed Warrants............................ 2 Section 2.3 Release to the Beneficiaries....................................... 2 Section 2.4
Escrowed Securities. The parties agree that if a lawsuit is filed in accordance with Section 7.9 above alleging a material breach of this Agreement, any Securities that have not been sold or pledged by the Company as of the date of the filing of such claim shall be transferred to J▇▇ ▇▇▇▇▇▇, P.A., as Escrow Agent, to be held in escrow pursuant to the terms of an escrow agreement to be mutually agreed to by the parties until such time as the claim is resolved.
Escrowed Securities. Acclaro acknowledges and agrees that the Bastion Shares to be issued to or for the benefit of Persons who will be “Principals” (as defined in the policies of the CNSX) of Bastion following the completion of the Transaction will be subject to escrow conditions prescribed by the CNSX pursuant to the terms of an escrow agreement in a form compliant with National Policy 46-201F1 (“NP 46-201F1”) and containing the terms applicable to an emerging issuer as set out in NP 46-201F1 (the “Escrow Agreement”).
Escrowed Securities. The term "
Escrowed Securities. Until such time, if any, when the Escrowed Securities may be required hereunder to be delivered to a person entitled to indemnification under the Merger Agreement, such Escrowed Securities will remain for the benefit of the respective Stockholders. The Escrow Agent shall be under no obligation to preserve, protect or exercise rights in the Escrowed Securities, and shall be responsible only for reasonable measures to maintain the physical safekeeping thereof and otherwise for the performance and observance of such duties on its part as are expressly set forth in this Agreement; except that it shall, at the written request of the Stockholders' Representatives given to the Escrow Agent at least three Business Days prior to the date on which the Escrow Agent is requested therein to take any action, deliver to the Stockholders' Representative a proxy or other instrument in the form supplied to it by the Stockholders' Representative for voting or otherwise exercising any right of consent with respect to any of the Escrowed Securities held by it hereunder, to authorize therein the Stockholders' Representatives to exercise such voting or consent authority in respect of the Escrowed Securities. The Escrow Agent shall not be responsible for forwarding to any Party, notifying any Party with respect to, or taking any action with respect to, any notice, solicitation or other document or information, written or otherwise, received from an issuer or other person with respect to the Escrowed Securities, including by not limited to, proxy material, tenders, options, the pendency of calls and maturities and expiration of rights. Any dividends or other distributions in respect of Escrowed Securities, and any securities issued upon the conversion, redemption, or exchange of the Escrowed Securities, will be deposited with the Escrow Agent in escrow hereunder immediately upon payment or issuance, accompanied by written notice to the Escrow Agent identifying such deposit of dividends or other distributions.
Escrowed Securities. UMS acknowledges and agrees that the Scarlet Exchange Shares to be issued to or for the benefit of persons who will be Principals (as defined in the policies of the CNSX) of Scarlet following the completion of the Share Exchange will be subject to escrow in accordance with the policies of the CNSX.