Examples of Escrow Shares in a sentence
If the Escrow Agent has not received written notice of the designation of a successor escrow agent by the Resignation Date, the Escrow Agent's sole responsibility after such time shall be to retain and safeguard the Escrow Shares until receipt of written notice of the designation of a successor escrow agent hereunder or pursuant to a final non-appealable order of a court of competent jurisdiction.
Upon release by the Escrow Agent of the Remaining Escrow Shares, the Escrow Agent shall no longer have any further obligations or liabilities in respect of the Remaining Escrow Shares.
After the transfer of the Escrow Shares, the Escrow Shares shall remain within escrow, and this Escrow Agreement shall apply, mutatis mutandis, to the said Escrow Shares.
The Escrow Agent may, but shall be under no duty whatsoever to, institute or defend any legal proceedings which relate to the Escrow Shares.
The Escrow Agent shall be entitled to release the Escrow Shares from escrow in order to affect the requisite permitted transfer.