Common use of Cancellation of CRA Shares Clause in Contracts

Cancellation of CRA Shares. Citizens’ CRA Shares are hereby cancelled. Citizens shall deliver the original certificate(s) representing its CRA Shares to Centerline’s counsel, Pxxx Xxxxxxxx LLP (attn: Mxxxxxx Xxxxxxx), on or before December 27th, 2012. If the delivery of Citizens’ CRA Shares occurs before the payment referred to in Paragraph 1 above, Citizens’ counsel shall hold the CRA Shares in escrow until the payment is made.

Appears in 4 contracts

Samples: Waiver and Other Agreements (Centerline Holding Co), Settlement Agreement (Centerline Holding Co), Waiver and Other Agreements (Centerline Holding Co)

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