Release of Escrow Securities to Depositary Sample Clauses

Release of Escrow Securities to Depositary. The Escrow Agent will release from escrow the tendered escrow securities when the Escrow Agent receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that:
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Release of Escrow Securities to Depositary. (a) The Escrow Agent will release from escrow the tendered escrow securities provided that:
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Release of Escrow Securities to Depositary. (1) The Escrow Agent will release from escrow the tendered escrow securities when the Escrow Agent receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that:
Sample 1
Release of Escrow Securities to Depositary. The Escrow Agent will release from escrow the tendered escrow securities provided that: you or the Issuer make application under the applicable Exchange Policy of the intent to release the tendered securities on a date at least 10 business days and not more than 30 business days prior to the date of the proposed release date; and the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date; the Escrow Agent receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that the terms and conditions of the business combination have been met or waived; and the escrow securities have either been taken up and paid for or are subject to an unconditional obligation to be taken up and paid for under the business combination.
Sample 1
Release of Escrow Securities to Depositary. The Escrow Agent will release from escrow the tendered escrow securities provided that: you or the Issuer make application under the applicable Exchange Policy of the intent to release the tendered securities on a date at least 10 business days and not more than 30 business days prior to the date of the proposed release date; and the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date; the Escrow Agent receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that the terms and conditions of the business combination have been met or waived; and the escrow securities have either been taken up and paid for or are subject to an unconditional obligation to be taken up and paid for under the business combination. Escrow of New Securities If you receive securities (new securities) of another issuer (successor issuer) in exchange for your escrow securities, the new securities will be subject to escrow in substitution for the tendered escrow securities. Release from Escrow of New Securities The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives:
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Related to Release of Escrow Securities to Depositary

  • Release of Escrow Securities (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.

  • Deposit of Escrow Securities in Escrow (1) You are depositing the securities (escrow securities) listed opposite your name in Schedule “A” with the Escrow Agent to be held in escrow under this Agreement. You will immediately deliver or cause to be delivered to the Escrow Agent any share certificates or other evidence of these securities which you have or which you may later receive.

  • Additional escrow securities If you acquire additional escrow securities, those securities will be added to the securities already in escrow, to increase the number of remaining escrow securities. After that, all of the escrow securities will be released in accordance with the applicable release schedule in the tables above.

  • Voting of Escrow Securities You may exercise any voting rights attached to your escrow securities.

  • Successor to Escrow Agent Any corporation with which the Escrow Agent may be amalgamated, merged or consolidated, or any corporation succeeding to the business of the Escrow Agent will be the successor of the Escrow Agent under this Agreement without any further act on its part or on the part or any of the Parties, provided that the successor is recognized by the Exchange. The Parties have executed and delivered this Agreement as of the date set out above. COMPUTERSHARE TRUST COMPANY /s/ Xxxxx Xxxx Authorized signatory /s/ Xxxxxxx Xxxxxxx Authorized signatory (as at June 14, 2010) WISE OAKWOOD VENTURES INC. /s/ Xxxxx Xxxxxxx Authorized signatory /s/ Xxxxx Xxxxxxxx Authorized signatory Signed, sealed and delivered by ) XXXXX XXXXXXX in the presence of: ) ) ) Name: Xxxxx Xxxxxxxx ) ) Address: ) /s/ Xxxxx Xxxxxxx ) XXXXX XXXXXXX ) ) ) ) Occupation: Business Person ) (as at June 14, 2010) Signed, sealed and delivered by ) XXXXXX XXXXXX in the presence of: ) ) ) Name: Xxxxxx X. Xxxxxxxxxxx ) ) Address: ) /s/ Xxxxxx Xxxxxx ) XXXXXX XXXXXX ) ) ) ) Occupation: Lawyer ) Signed, sealed and delivered by ) XXXXXX XXXXXXXXX in the presence of: ) ) ) Name: Xxxxxx X. Xxxxxxxxxxx ) ) Address: ) /s/ Xxxxxx Xxxxxxxxx ) XXXXXX XXXXXXXXX ) ) ) ) Occupation: Lawyer ) Signed, sealed and delivered by ) XXXXX XXXXXXXX in the presence of: ) ) ) Name: Xxxxx Xxxxxxx ) ) Address: ) /s/ Xxxxx Xxxxxxxx ) XXXXX XXXXXXXX ) ) ) ) Occupation: Business Person ) (as at June 14, 2010) Schedule “A” to Escrow Agreement Securityholder Name: XXXXX XXXXXXX Signature: /s/ Xxxxx Xxxxxxx Address for Notice: Securities: Class or description Number Certificate(s) (if applicable) Common 500,000 Securityholder Name: XXXXXX XXXXXX Signature: /s/ Xxxxxx Xxxxxx Address for Notice: Securities: Class or description Number Certificate(s) (if applicable) Common 500,000 (as at June 14, 2010) Name: XXXXXX XXXXXXXXX Signature: /s/ Xxxxxx Xxxxxxxxx Address for Notice: Securities: Class or description Number Certificate(s) (if applicable) Common 500,000 Name: XXXXX XXXXXXXX Signature: /s/ Xxxxx Xxxxxxxx Address for Notice: Securities: Class or description Number Certificate(s) (if applicable) Common 500,000 FORM 2F CPC ESCROW AGREEMENT Page 25 (as at June 14, 2010) SCHEDULE B(1) – CPC ESCROW SECURITIES RELEASE SCHEDULE Timed Release Release Dates Percentage of Total Escrowed Securities to be Released Total Number of Escrowed Securities to be Released Date of Final Exchange Bulletin approving Qualifying Transaction 10% 200,000 6 months following Final Exchange Bulletin approving Qualifying Transaction 15% 300,000 12 months following Final Exchange Bulletin approving Qualifying Transaction 15% 300,000 18 months following Final Exchange Bulletin approving Qualifying Transaction 15% 300,000 24 months following Final Exchange Bulletin approving Qualifying Transaction 15% 300,000 30 months following Final Exchange Bulletin approving Qualifying Transaction 15% 300,000 36 months following Final Exchange Bulletin approving Qualifying Transaction 15% 300,000 TOTAL 100% 2,000,000 * In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, the release schedule outlined above results in the escrow securities being released in equal tranches of 15% after completion of the release on the date of the Final Exchange Bulletin. FORM 2F CPC ESCROW AGREEMENT Page 26 (as at June 14, 2010) SCHEDULE B(2) – TIER 1 ISSUER - ESCROW SECURITIES RELEASE SCHEDULE Timed Release Release Dates Percentage of Total Escrowed Securities to be Released Total Number of Escrowed Securities to be Released Date of Final Exchange Bulletin 25% 500,000 6 months following Final Exchange Bulletin 25% 500,000 12 months following Final Exchange Bulletin 25% 500,000 18 months following Final Exchange Bulletin 25% 500,000 TOTAL 100% 2,000,000 * In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, then the release schedule outlined above results in the escrow securities being released in equal tranches of 25%. FORM 2F CPC ESCROW AGREEMENT Page 27 (as at June 14, 2010)

  • Delivery to Depositary As soon as reasonably practicable, and in any event no later than three business days after the Escrow Agent receives the documents and information required under section 6.2, the Escrow Agent will deliver to the depositary, in accordance with the direction, any share certificates or other evidence of the escrow securities, and a letter addressed to the depositary that

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