Common use of Additional Conditions to Release from Escrow Clause in Contracts

Additional Conditions to Release from Escrow. If at any time the Company shall determine, in its discretion, that the listing, registration or qualification of the Shares of Restricted Stock upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the release of such Shares from the escrow established pursuant to paragraph 2, such release shall not occur unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company. The Company shall make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Pmi Group Inc), Restricted Stock Agreement (Pmi Group Inc)

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Additional Conditions to Release from Escrow. If at any time the Company shall will determine, in its discretion, that the listing, registration or qualification of the Shares of Restricted Stock upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the release of such Shares from the escrow established pursuant to paragraph 23, such release shall will not occur unless and until such listing, registration, qualification, consent or approval shall will have been effected or obtained free of any conditions not acceptable to the Company. The Company shall will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Applied Materials Inc /De), Restricted Stock Agreement (Applied Materials Inc /De)

Additional Conditions to Release from Escrow. If at any time the Company shall will determine, in its discretion, that the listing, registration or qualification of the Shares of Restricted Stock upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the release of such Shares from the escrow established pursuant to paragraph 2Section 5, such release shall will not occur unless and until such listing, registration, qualification, consent or approval shall will have been effected or obtained free of any conditions not acceptable to the Company. The Company shall will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Technology Research Corp), Restricted Stock Agreement (Technology Research Corp)

Additional Conditions to Release from Escrow. If at any time the Company shall Corporation will determine, in its discretion, that the listing, registration or qualification of the Shares of Restricted Stock upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the release of such Shares from the escrow established pursuant to paragraph 2, such release shall will not occur unless and until such listing, registration, qualification, consent or approval shall will have been effected or obtained free of any conditions not acceptable to the CompanyCorporation. The Company shall Corporation will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

Appears in 1 contract

Samples: Stock Issuance Agreement (Network Appliance Inc)

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Additional Conditions to Release from Escrow. If at any time the Company shall determinedetermines, in its discretion, that the listing, registration or qualification of the Shares of Restricted Stock upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the release of such Shares from the escrow established pursuant to paragraph 2Section 3, such release shall will not occur unless and until such listing, registration, qualification, consent or approval shall will have been effected or obtained free of any conditions not acceptable to the Company. The Company shall will make all reasonable efforts to meet the requirements of to any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Piedmont Natural Gas Co Inc)

Additional Conditions to Release from Escrow. If at any time the Company shall will determine, in its discretion, that the listing, registration or qualification of the Shares of Restricted Stock upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the release of such Shares from the escrow established pursuant to paragraph 2, such release shall will not occur unless and until such listing, registration, qualification, consent or approval shall will have been effected or obtained free of any conditions not acceptable to the Company. The Company shall will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.

Appears in 1 contract

Samples: Restricted Stock Agreement (Quantum Corp /De/)

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