Examples of Adjustment Escrow Shares in a sentence
The Post-Closing Adjustment Escrow Shares and the Indemnification Escrow Shares shall not be subject to any Lien, trustee process or any other judicial process of any creditor of any Party, and shall be held and disbursed solely for the purposes and in accordance with the terms of the Escrow Agreement.
The Escrow Agent shall be engaged to hold (a) the Post-Closing Adjustment Escrow Shares for the purpose of providing security for the obligation of the Holders to pay Parent the Post-Closing Adjustment, if any, and (b) the Indemnification Escrow Shares for the purpose of providing security for the obligation of the Holders to pay Parent Indemnified Parties the indemnification obligations pursuant to Article 8, if any.
Pursuant to Section 2.02(a)(ii)(2) of the Merger Agreement, on the Closing Date, Parent shall deliver to the Escrow Agent an aggregate of [—]2 shares of Parent Common Stock in book entry form (the “Indemnity Escrow Shares” and, together with the Adjustment Escrow Shares, the “Escrow Shares”) to be held as a book position in the name of American Stock Transfer & Trust Company, LLC, as escrow agent.