The Escrow Holder definition

The Escrow Holder. The Company:
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The Escrow Holder. The Company: THOMSON KERNAGHAN and CO. LIMITED UNITED STATES ANTIMONY CORPORATION By _________________________________ By _________________________________ Name ______________________________ Name ______________________________ Title _______________________________ Title _______________________________ Date signed _________________________ Date signed _________________________ This Debenture, and the securities issuable upon the conversion hereof (collectively, the "Securities"), have not been registered under the U.S. Securities Act of 1933, as amended (the "Act"), nor have they been registered or qualified under the securities laws of any U.S. state or territory. This Debenture is being offered and sold pursuant to Regulation S of the U.S. Securities and Exchange Commission under the Act. The Securities, are "restricted securities" and may not be offered or sold in the United States or to a U.S. Person (as defined in Regulation S) unless pursuant to an effective registration statement under the Act, or pursuant to Regulation S, or pursuant to other available exemptions from the registration requirements of the Act. A Holder of any of the Securities may not engage in hedging transaction with regard to such securities unless in compliance with the Act. US $600,000.00 Debenture No. TK1 (Amended and Restated) UNITED STATES ANTIMONY CORPORATION 10% Convertible Debenture Due June 30, 2002 THIS DEBENTURE is one of a duly authorized issue of up to US$1,500,000 of 10% Convertible Debentures due June 30, 2002 (the "Debentures"), of United States Antimony Corporation (the "Company"), a corporation duly organized and existing under the laws of the State of Montana, designated as its 10% Convertible Debentures due June 30, 2002. This Debenture is issued pursuant to the Amended and Restated Agreement (the "Agreement") entered into effective as of July 11, 2000, among the Company, the Purchasers named therein, and Thomson Kernaghan and Co. Limited, individually and as Agent (the" Agent"). Capitalized terms not defined in this Debenture shall have the meanings ascribed to them in the Agreement. FOR VALUE RECEIVED, the Company promises to pay to the order of Thomson Kernaghan and Co., Limited, as Nominee, or other registered holder hereof (collectively, the "Holder"), the principal sum of Six Hundred Thousand Dollars and No Cents in lawful currency of the United States of America (US $600,000.00) on June 30, 2002 (the "Maturity Date"), and to pay interest on the principa...
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Examples of The Escrow Holder in a sentence

  • The Escrow Holder shall have no liability for any act or omission hereunder while acting in good faith in the exercise of his own judgment.

  • The Escrow Holder shall have no liability for any act or omissions hereunder while acting in good faith in the exercise of his or her own judgment.

  • The Escrow Holder shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be protected in relying or refraining from acting on any instrument reasonably believed by him to be genuine and to have been signed or presented by the proper party or parties.

  • The Escrow Holder will have no liability for any act or omissions hereunder while acting in good faith in the exercise of his or her own judgment.

  • The Escrow Holder is not a trustee for any party for any purpose, and is merely acting as a depository and in a ministerial capacity hereunder with the limited duties herein prescribed.

  • The Escrow Holder shall not be responsible for any loss, diminution in value or failure to achieve a greater profit as a result of such investments.

  • The Escrow Holder shall not be personally liable for any act he may do or refrain from doing hereunder as Escrow Holder or as attorney-in-fact for the Optionee, provided that the Escrow Holder acts or refrains from acting in good faith and in the exercise of his own good judgment, and any act that he does or refrains from doing pursuant to the advice of his own attorneys, who may be counsel to the Company, shall be conclusive evidence of such good faith.

  • The Escrow Holder may conclusively rely upon and act in accordance with any certificate, instructions, notice, letter, telegram, cablegram other written instrument believed to be genuine and to have been signed or communicated by the proper party or parties.

  • The Escrow Holder reserves the right, upon notice to the Company and the Optionee, to resign from his duties as Escrow Holder and to appoint a substitute Escrow Holder.

  • The Escrow Holder receives conflicting instructions from the parties to this escrow.

Related to The Escrow Holder

  • The Escrow Agent s responsibilities as escrow agent hereunder shall terminate if the Escrow Agent shall resign by written notice to the Company and the Purchaser. In the event of any such resignation, the Purchaser and the Company shall appoint a successor Escrow Agent.

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • Escrow Agent means the escrow agent under the Escrow Agreement.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC