Deposit of Escrow Shares. On or before the Effective Date, each of the Initial Stockholders shall deliver to the Escrow Agent certificates representing his respective Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement. Each Initial Stockholder acknowledges that the certificate representing his Escrow Shares is legended to reflect the deposit of such Escrow Shares under this Agreement.
Deposit of Escrow Shares. On or prior to the date hereof, the Escrow Shares shall have been issued to each of the Initial Shareholders in book-entry form representing such Initial Shareholder’s respective Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement. Each of the Initial Shareholders acknowledges that such Initial Shareholder’s Escrow Shares is legended to reflect the deposit of such Escrow Shares under this Agreement.
Deposit of Escrow Shares. (a) The Stockholders hereby agree to deliver the Escrow Shares to the Escrow Agent at the closing of the transactions contemplated by the Merger Agreement, accompanied by an executed stock power or powers endorsed in blank. The Escrow Agent hereby agrees to hold the Escrow Shares upon receipt in accordance with this Agreement. The Escrow Shares do not form a part of the capital or debt of Escrow Agent and are not subject to the claims of its creditors or depositors but are set apart and held for the exclusive benefit of the parties.
Deposit of Escrow Shares. The Parties agree that Escrow Agent, in connection with any Certificates deposited pursuant to Section 1.2(a), shall have (i) no responsibility to monitor the value of the Escrow Shares; (ii) no responsibility to collect Dividends and Distributions; (iii) no responsibility to sell or otherwise trade the Escrow Shares, and, (iv) no responsibility to ensure the legality of the issuance or registration of the Escrow Shares.
Deposit of Escrow Shares. On the closing date of the Offering, and on each subsequent closing, if any, of the sale of Units pursuant to the exercise of the Underwriters’ over-allotment option, the Company shall deliver to the Escrow Agent certificates representing the Maxim Shares to which Maxim is entitled, to be held and disbursed subject to, the terms and conditions of this Agreement. Maxim acknowledges that the certificates representing the Maxim Shares will be legended to reflect the deposit of such Maxim Shares under this Agreement.
Deposit of Escrow Shares. On or before the closing date of the sale of the Shares, each of the Company Principals shall deliver to the Escrow Agent certificates, either endorsed in blank or accompanied by stock powers endorsed in blank, in either instance with signatures guaranteed by a commercial bank or a member of the New York Stock Exchange, Inc. representing his respective Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement.
Deposit of Escrow Shares. Concurrently with the execution of this Agreement, (x) Garibaldi has deposited with the Agent one or more certificates evidencing the Garibaldi Shares, with stock powers executed in blank Medallion guaranteed, (y) XxXxxxxx has deposited with the Agent one or more certificates evidencing the XxXxxxxx Shares, with stock powers executed in blank Medallion guaranteed, and (z) Source has deposited with the Agent one or more certificates evidencing the Wiki Sub Shares, with stock powers executed in blank, together with a letter of instructions (the “Instruction Letter”) to Standard Registrar & Transfer Company, Inc., transfer agent for the Source Common Stock (the “Transfer Agent”), directing the cancellation of the Garibaldi Shares and the XxXxxxxx Shares (”). The Agent will hold the Escrow Shares on the terms and subject to the conditions set forth in this Agreement. Garibaldi may vote the Garibaldi Shares and XxXxxxxx may vote the XxXxxxxx Shares as long as they are held in escrow under this Agreement.
Deposit of Escrow Shares. On or prior to the date hereof, the Sponsor delivered to the Escrow Agent certificates representing the Insider Shares, together with applicable share powers, to be held and disbursed subject to the terms and conditions of this Agreement. Following the date here, the Company shall cause to be delivered to the Escrow Agent certificates representing any Incentive Shares, together with applicable share powers, to be held and disbursed subject to the terms and conditions of this Agreement. The Company and the Sponsor acknowledge that the certificate(s) representing the Escrow Shares are legended to reflect the deposit of such Escrow Shares under this Agreement.
Deposit of Escrow Shares. On or before the effective date of the Registration Statement, Capital Partners and the Independent Directors (or the Company on behalf of the Independent Directors) shall deliver to the Escrow Agent a certificate representing their Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement. Capital Partners and the Independent Directors acknowledge that the certificate representing their Escrow Shares is legended to reflect the deposit of such Escrow Shares under this Agreement.
Deposit of Escrow Shares. On or before the effective date of a Registration Statement filed in accordance with Rule 419 (the “Effective Date”), each of the Initial Stockholder shall deliver to the Escrow Agent certificates representing its respective Initial Stockholder Shares, to be held and disbursed subject to the terms and conditions of this Agreement. After the Effective Date, the Company shall deliver to the Escrow Agent the Escrow Shares issued to Investors to be held and disbursed subject to the terms and conditions of this Agreement.
