Escrow Securities definition

Escrow Securities means (1) direct noncallable obligations of the United States, including obligations that are unconditionally guaranteed by the United States; (2) noncallable obligations of an agency or instrumentality of the United States, including obligations that are unconditionally guaranteed or insured by the agency or instrumentality and that, on the date of hereof, are rated as to investment quality by a nationally recognized investment rating firm not less than “AAA” or its equivalent; and (3) noncallable obligations of a state or an agency or a county, municipality, or other political subdivision of a state that have been refunded and that, on the date hereof, are rated as to investment quality by a nationally recognized investment rating firm not less than “AAA” or its equivalent.

Escrow Securities means the Common Shares held by the directors, officers and insiders on the Listing Date that will be deposited or voluntary deposited in escrow or a voluntary pooling arrangement pursuant to the Escrow Agreement or a voluntary pooling agreement, as applicable;

Escrow Securities means the Escrow Shares and the shares of common stock into which the Escrow Shares are convertible.

Examples of Escrow Securities in a sentence

• The Authorized Officer is authorized to make necessary arrangements for and to execute such documents and agreements in connection with the purchase of the Escrow Securities required by and referenced in the Escrow Agreement, if any, as may be necessary for the Escrow Fund and the application for the acquisition of the Escrow Securities is hereby approved and ratified.

• Further, the said Equity Shares have been kept in Escrow Securities Account.

• This indemnity survives the release of the Escrow Securities, the resignation or termination of the Escrow Agent and the termination of this Agreement.

• The Escrow Agent will have no responsibility for seeking, obtaining, compiling, preparing or determining the accuracy of any information or document, including the representative capacity in which a party purports to act, that the Escrow Agent receives as a condition to a release from escrow or a transfer of Escrow Securities within escrow under this Agreement.

• Escrow Securities means, in relation to a Shareholder, the Share the subject of an Escrow Agreement with that Shareholder.

More Definitions of Escrow Securities

Escrow Securities means any Debt of the Borrower or any Subsidiary secured by a Lien described under Section 8.02(s).

Escrow Securities means the securities subject to the Escrow Agreement.

Escrow Securities means those Subordinate Voting Shares and Warrants required to be escrowed pursuant to NP 46-201;

Escrow Securities means the direct noncallable obligations of the United States of America described in Exhibit II hereto.

Escrow Securities means the securities that may be held in escrow pursuant to the Escrow Agreement.

Escrow Securities means those Escrow Securities referred to in Section 4 and set forth on attached EXHIBIT B, and also includes Substitute Escrow Securities.

Escrow Securities means the Common Shares held by the directors, officers and insiders that will be deposited pursuant to the Escrow Agreement.