Examples of New Escrow Agreement in a sentence
Upon the completion of the Acquisition, the Resulting Issuer will have 36,007,786 common shares issued and outstanding.109,250 shares will be subject to the terms of the New Escrow Agreement.
In the case of any conflict between the provisions of the Tax Escrow Agreement or the New Escrow Agreement, with respect to payments made thereunder, and the provisions of sub-sections 14(b) and (c) below, the provisions of the Tax Escrow Agreement or the New Escrow Agreement, respectively, shall prevail.
The remaining balance of the Cash Escrow in excess of $834,861 shall be deposited into escrow under the Trimont New Escrow Agreement to be utilized pursuant a separate agreement among Enervest, Chevron and Trimont regarding plugging and abandonment work on the Garden Island Bay field and the Bateman Lake field.
All capitalized terms used herein will have the same meaning ascribed to them in the New Escrow Agreement, unless specifically stated otherwise.
Each Existing Escrow Agreement has, and each New Escrow Agreement shall have, a maximum stated maturity date on or before the earlier of the following two dates: (1) four years from the date on which such Escrow Agreement becomes effective, or (2) one year after the Expiration Date.