Common use of TRANSFER WITHIN ESCROW Clause in Contracts

TRANSFER WITHIN ESCROW. (1) The Shareholder shall not transfer any of the Shares except in accordance with Local Policy Statement 3-07 and with the consent of the Superintendent or the Exchange. (2) The Escrow Agent shall not effect a transfer of the Shares within escrow unless the Escrow Agent has received (a) a copy of an Acknowledgment executed by the person to whom the Shares are to be transferred, and (b) a letter from the Superintendent or the Exchange consenting to the transfer. (3) Upon the death or bankruptcy of a Shareholder, the Escrow Agent shall hold the Shares subject to this agreement for the person that is legally entitled to become the registered owner of the Shares. (4) Upon the death or bankruptcy of a Shareholder or upon the Shareholder ceasing to be a principal of the Issuer, any Shares held by the Shareholder shall be entitled to be retained by the Shareholder or his estate.

TRANSFER WITHIN ESCROW. (1) 6.01 The Shareholder Shareholders shall not transfer any of the Shares except in accordance with Local Policy Statement 3-07 and with the consent of the Superintendent or the Exchange. (2) 6.02 The Escrow Agent shall not effect a transfer of the Shares within escrow unless the Escrow Agent has received: (a) a copy of an Acknowledgment executed by the person to whom the Shares are to be transferred, ; and (b) a letter from the Superintendent or the Exchange consenting to the transfer. (3) 6.03 Upon the death or bankruptcy of a Shareholder, the Escrow Agent shall hold the Shares subject to this agreement Agreement for the person that is legally entitled to become the registered owner of the Shares. (4) Upon the death or bankruptcy of a Shareholder or upon the Shareholder ceasing to be a principal of the Issuer, any Shares held by the Shareholder shall be entitled to be retained by the Shareholder or his estate.

TRANSFER WITHIN ESCROW. (1) The Shareholder shall not transfer any of the Shares except in accordance with Local Policy Statement 3-07 and with the consent of the Superintendent Executive Director or the Exchange. (2) The Escrow Agent shall not effect a transfer of the Shares within escrow unless the Escrow Agent has received (a) a copy of an Acknowledgment Acknowledgement executed by the person to whom the Shares are to be transferred, ; and (b) a letter from the Superintendent Executive Director or the Exchange consenting to the transfer. (3) Upon the death or bankruptcy of a Shareholder, the Escrow Agent shall hold the Shares subject to this agreement for the person that is legally entitled to become the registered owner of the Shares. (4) Upon the death or bankruptcy of a Shareholder or upon the Shareholder ceasing to be a principal of the Issuer, any Shares held by the Shareholder shall be entitled to be retained by the Shareholder or his estate.