Notification of Rights Regarding Securities. Following receipt of information, the Escrow Agent will notify the Parties of any conversion, redemption, exchange, subscription or other right relating to any securities purchased hereunder of which notice was given after the acquisition of such securities by the Escrow Agent, and the Escrow Agent shall have no obligation to exercise any such right unless it is instructed by the Parties or their Representative in writing to exercise such right, within a reasonable time prior to the expiration of such right.
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Samples: Escrow Agreement (Integrated Healthcare Holdings Inc), Escrow Agreement (Genius Products Inc)
Notification of Rights Regarding Securities. Following receipt of information, the Escrow Agent will notify the Parties amdiv of any conversion, redemption, exchange, subscription or other right relating to any securities purchased hereunder of which notice was given after the acquisition of such securities by the Escrow Agent, and the Escrow Agent shall have no obligation to exercise any such right unless it is instructed by amdiv or the Parties or their amdiv Representative in writing to exercise such right, within a reasonable time prior to the expiration of such right.
Appears in 1 contract
Samples: Escrow Agreement (Amdiv Com Inc)
Notification of Rights Regarding Securities. Following receipt of information, the Escrow Agent will notify the Parties of any conversion, redemption, exchange, subscription or other right relating to any securities purchased hereunder of which notice was given after the acquisition of such securities by the Escrow Agent, and the Escrow Agent shall have no obligation to exercise any such right unless it is instructed by the Parties or their Representative representatives in writing to exercise such right, within a reasonable time prior to the expiration of such right.
Appears in 1 contract
Notification of Rights Regarding Securities. Following receipt of information, the Escrow Agent will notify the Parties Seller of any conversion, redemption, exchange, subscription or other right relating to any securities purchased hereunder of which notice was given after the acquisition of such securities by the Escrow Agent, and the Escrow Agent shall have no obligation to exercise any such right unless it is instructed by the Parties Seller or their its Representative in writing to exercise such right, within a reasonable time prior to the expiration of such right.
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