Common use of Transfer upon Bankruptcy Clause in Contracts

Transfer upon Bankruptcy. In the event of bankruptcy of a Security Holder, the Securities of the Security Holder may be transferred within escrow to the trustee in bankruptcy or other person legally entitled to such Securities, provided that:

Appears in 7 contracts

Samples: Escrow Agreement (Jenex CORP), Escrow Agreement (Ams Homecare Inc), Escrow Agreement (Sonic Environmental Solutions Inc/Can)

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Transfer upon Bankruptcy. In Notwithstanding subsection 8.1, in the event of bankruptcy of a Security Holder, the Securities of the Security Holder may be transferred within escrow to the trustee in bankruptcy or other person legally entitled to such Securities, provided that:

Appears in 5 contracts

Samples: Escrow Agreement (Jenex CORP), Escrow Agreement, Agreement

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Transfer upon Bankruptcy. In the event of bankruptcy of a Security Holder, the Securities of the Security Holder may be transferred within escrow to the trustee in bankruptcy bankuptcy or other person legally entitled to such Securities, provided that:

Appears in 1 contract

Samples: Surplus Security Escrow Agreement (Dynasty Gaming Inc)

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