Share Release Sample Clauses
Share Release. Upon written request from the Company and Purchaser, the Escrow Agent is authorized to release from escrow the number of Shares indicated in that written request pursuant to this Agreement.
Share Release. 3.1. With two (2) business days following its receipt of confirmation of dismissal of the Litigation, Wilhelmina shall direct ▇▇▇▇▇▇, in its capacity as Escrow Agent under each of the ▇▇▇▇ Escrow Agreement and the ▇▇▇▇▇▇▇▇ Escrow Agreement, respectively, to release (a) to Lorex, a share certificate representing a total of 9,405,843 shares of common stock of Wilhelmina and (b) to ▇▇▇▇▇▇▇▇ ▇.▇., a share certificate representing a total of 9,405,843 shares of common stock of Wilhelmina (the aggregate shares described in clauses (a) and (b), the “Released Shares”).
3.2. Wilhelmina agrees that, following the release of the Released Shares to Lorex and ▇▇▇▇▇▇▇▇ ▇.▇. pursuant to Section 3.1 above, Wilhelmina’s repurchase rights under Sections 2.6(b) and 2.8(e) of the Acquisition Agreement, Sections 4(a) and 4(b) of the ▇▇▇▇ Escrow Agreement and Sections 4(a) and 4(b) of the ▇▇▇▇▇▇▇▇ Escrow Agreement shall, in each case, terminate and have no further force and effect, and Lorex and ▇▇▇▇▇▇▇▇ ▇.▇. shall accordingly own the Released Shares free and clear, subject only to applicable restrictions under U.S. securities laws.
Share Release. The Shareholder and Company agree that Shareholder Shares will be subject to the following lock-up and release schedule (the “Schedule”): DATE PERCENT OF SHARES RELEASED 12 month anniversary of Shareholder Share issuance date 20% 13 month anniversary of Shareholder Share issuance date 15% 14 month anniversary of Shareholder Share issuance date 15% 15 month anniversary of Shareholder Share issuance date 15% 16 month anniversary of Shareholder Share issuance date 15% 17 month anniversary of Shareholder Share issuance date 10% 18 month anniversary of Shareholder Share issuance date 10%
Share Release. Bay Harbor and the Company agree that the Shares will be subject to the following lock-up and release schedule (the “Schedule”): DATE PERCENT OF SHARES RELEASED 12 month anniversary of Share issuance date 20% 13 month anniversary of Share issuance date 15% 14 month anniversary of Share issuance date 15% 15 month anniversary of Share issuance date 15% 16 month anniversary of Share issuance date 15% 17 month anniversary of Share issuance date 10% 18 month anniversary of Share issuance date 10%
Share Release. Upon payment by Purchaser of any principal amount ------------- pursuant to the terms of the Note, Escrow Agent shall upon Purchaser's request issue to Purchaser (but not more often than once during any six-calendar month period) a certificate representing the number of Shares in Escrow Agent's possession which were fully paid based upon the number of Shares which were purchasable at the per Share price in Section 1 for the amount of the Note principal paid, and such Shares shall be released from the Collateral and as security for the Note under this security agreement. Escrow Agent shall then be discharged of all further obligations relating to such Shares under this security agreement; notwithstanding the foregoing, Escrow Agent shall retain the Shares if at the time of full payment by Purchaser of such Shares, the Shares are still subject to the escrow provisions contained in Section 4 of the Common Stock Purchase Agreement. Unless Purchaser instructs otherwise, such released Shares shall remain as Collateral under this security agreement to further secure the balance of the Note remaining unpaid.