Release of Escrow Securities. (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.
Release of Escrow Securities. 2.1 Release Schedule for an Established Issuer
Release of Escrow Securities. Escrow securities will not be released under this Part until the Issuer has delivered to the Escrow Agent a certificate specifying the release schedule, and any other information which the Escrow Agent reasonably requires.
Release of Escrow Securities. On *_____________, 2002, the date the Issuer's securities are listed on a Canadian exchange (the listing date) 1/6 of your escrow securities Three months after the listing date 1/5 of your remaining escrow securities Six months after the listing date 1/4 of your remaining escrow securities Nine months after the listing date 1/3 of your remaining escrow securities 12 months after the listing date 1/2 of your remaining escrow securities 15 months after the listing date your remaining escrow securities
Release of Escrow Securities. The Escrow Securities shall be released by the Escrow Agent in accordance with the following. For the avoidance of doubt, the Escrow Agent will confirm receipt of any notice or correspondence within two (2) hours' of receipt and if no confirmation is received by either the Company or the Lead Investor, the Company shall telephonically advise the Escrow Agent of the prior delivery of such notice or correspondence:
Release of Escrow Securities. 2.1 Intentionally Deleted
Release of Escrow Securities. 3.1. Subject to any other release or cancellation under this Agreement, the Escrow Securities are to be released from escrow upon the achievement of certain milestones by the Purchaser (the "Milestones"). Schedule "A" to this Agreement sets forth the applicable Milestones and the percentage or number of Escrow Securities to be released from escrow upon the achievement of each such Milestone. In Schedule "A", the percentage figure for the percent of Escrow Securities to be released from escrow upon the achievement of a particular Milestone represents the percent of the original number of Escrow Securities (as may be adjusted from time to time to account for any subdivision, consolidation, stock dividend, reclassification, or other like change affecting the Purchaser's common share capital subsequent to the Effective Time (each such change, a "Capital Change")) as opposed to the percent of the Escrow Securities remaining in escrow at the time of achievement of such Milestone. In respect of the release from escrow pursuant to the Escrow Agreements of any Milestone Shares, whether upon the Achievement of any Milestone or otherwise, the Milestone Shares shall be released from escrow to the Escrow Holders (including the Shareholder) on a pro-rata basis. Notwithstanding the occurrence of any or all of the Milestones, in no event shall the number of Milestone Shares releasable in the aggregate to all Escrow Shareholders exceed 25,000,000 (subject to adjustment from time to time to account for any Capital Change).
Release of Escrow Securities. 2.1 Release Schedule Your escrow securities will be released as follows: On _, 2 _, the date the Issuer’s securities are listed on a Canadian exchange (the listing date) 1/10 of your escrow securities 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, the release schedule outlined above results in the escrow securities being released in equal tranches of 15% after completion of the release on the listing date.
Release of Escrow Securities. Your Escrow Securities will be released as follows: on the listing date 1/4 of your Escrow Securities 3 months after the listing date 1/6 of your remaining Escrow Securities 6 months after the listing date 1/5 of your remaining Escrow Securities 9 months after the listing date 1/4 of your remaining Escrow Securities 12 months after the listing date 1/3 of your remaining Escrow Securities 15 months after the listing date 1/2 of your remaining Escrow Securities 18 months after the listing date Your remaining Escrow Securities
Release of Escrow Securities. (a) If the Notes remain outstanding on the first anniversary of the Closing Date (the "MATURITY DATE"), and the Escrow Agent receives a notice in the form of Exhibit A hereto from the Administrative Agent, the Escrow Agent shall deliver to the Trustee, for authentication and delivery to the holders of Notes who have elected to exchange Notes for Exchange Notes, an executed authentication order and an Exchange Note or Exchange Notes, registered in the name of such person or persons designated by the Administrative Agent and dated the date of the delivery thereof, in an aggregate principal amount equal to the aggregate principal amount of Notes so exchanged, together with a copy of the executed Exchange Note Indenture. Concurrently with the delivery of the Exchange Notes to the Trustee pursuant to this Escrow Agreement, the Escrow Agent shall deliver, or cause to be delivered to the Company, all outstanding Notes so exchanged.
