Document Escrow definition
Examples of Document Escrow in a sentence
Such Certificates shall be held in escrow by the Document Escrow Agent as provided in the Joint Escrow Instructions.
The Company covenants that it will obtain such executed Company Principal's Agreement from the relevant party no later than the issuance of the relevant security to such party and that it will promptly provide a copy thereof to the Document Escrow Agent on behalf of the Buyer and the Other Buyers.
The Securities are restricted securities and have been duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens other than restrictions on transfer provided for under the Securities Act, the Exchange Act, in the Transaction Documents, under the Closing Document Escrow Agreement and Closing Funds Escrow Agreement, and as provided herein.
Each of the ▇▇▇▇▇▇ Designees, LBHI and Seller, as applicable, shall have executed and delivered to the Escrow Agent the Consideration and Assumption Escrow Release Instructions and the Asset Document Escrow Release Instructions with respect to such Extension Closing.
Each Purchaser shall deliver to the Escrow Agent such Purchaser's Subscription Amount by wire transfer of immediately available funds, and the Company shall deliver to the Closing Document Escrow Agent each Purchaser's respective Note and Warrants, as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing.
Notwithstanding anything to the contrary contained herein, if Escrow Agent shall not have received a Minimum Offering Notice on or before one (1) year from the date of the Offering Document, Escrow Agent shall, within fifteen (15) business days after such date and without any further instruction or direction from Agent or Company, return to Agent, by certified or bank check and by first class mail or wire, the Cash Investment and any income earned on the Escrow Funds for all Subscribers.
Subject to the foregoing, upon receipt by the Escrow Agent of an Applicable Release Document, Escrow Agent shall deliver to Parent an amount of cash equal to the Indemnity Amount.
The undersigned hereby acknowledges and agrees, on behalf of Northern, that the certifications set forth in this certificate satisfy the requirements of Section 6(a) of the Northern Document Escrow Agreement.
At or prior to the Closing, the Company shall have delivered to the Document Escrow Agent the Notes (in such denominations as each Purchaser may request) and the Warrants (in such denominations as each Purchaser may request).
The Transaction Documents shall have been duly executed and delivered by the Purchasers to the Document Escrow Agent.