Delivery of Escrow Documents. The Escrow Agent shall deliver the Buyers' Documents and the Sellers' Documents (collectively, the "Escrow Documents") as follows:
Delivery of Escrow Documents. (a) If, on or before the date on which the Escrow Agent shall have received the Rescission Notice set forth in Section 3(b) hereto, the conditions set forth in Section 2 shall have been satisfied and the Escrow Agent shall have received a notice thereof from the Company, with a copy sent to the Holder in accordance with Section 11(a), then the Escrow Agent shall deliver the Exchange Securities to the Holder and the Outstanding Securities to the Company, all in accordance with Section 11(a). The date of such delivery is referred to herein as the “Closing Date”.
Delivery of Escrow Documents. 2.01 The Escrow Holder will hold the Escrow Documents in escrow and undelivered and will deliver the Escrow Documents upon the following:
Delivery of Escrow Documents. Any delivery of the Escrow Documents by the Escrow Agent shall be deemed to be duly effected if they are delivered by hand to: If to the Pledgor: VelaTel Global Communications, Inc. 00000 Xxxx Xxxxx Xxxxx, Xxxxx 000 Xxxx Xxxxx, CA 92130 USA If to the Pledgee: [●]
Delivery of Escrow Documents. Glamis, Raleigh and MSX hereby deliver to Escrow Agent with this letter the documents described in this Section 2.1, which documents (the "Escrow Documents") shall be held and distributed in accordance with the instructions contained in Section 2.2. (a) Glamis hereby delivers to Escrow Agent the Shares, along with duly executed stock powers or endorsements necessary to properly transfer the Shares from Glamis to Raleigh under the laws of Mexico. (b) Raleigh hereby delivers to Escrow Agent a Promissory Note executed by an authorized officer of Raleigh, as Maker, to Glamis, as Holder, in the amount Sixteen Million Dollars (US$16,000,000); (c) MSX hereby delivers to Escrow Agent a Royalty Deed executed by an authorized officer of MSX, conveying to Glamis the Net Smelter Production Royalty; and (d) Glamis, Raleigh and MSX hereby deliver to the Escrow Agent duplicate originals of an Amended and Restated Shareholders Agreement, duly executed by an authorized officer of each of Glamis and Raleigh and MSX. B-1 <PAGE> 2.2
Delivery of Escrow Documents. The parties hereto hereby acknowledge and agree that, on or before the Escrow Closing Date, the Buyer/Borrower, Seller, Administrative Agent, Servicer and Guarantors (as applicable) have executed and delivered the Purchase Agreement, the Loan Agreement and the additional Sale Documents and Loan Documents described on Exhibit A hereto (each dated as of the Escrow Closing Date, collectively, the “Escrow Documents”) to the Seller to be held in escrow pursuant to the terms hereof, and that, in consideration of the mutual promises and covenants contained herein, Seller shall hold the Escrow Documents in escrow and release the Escrow Documents from escrow in accordance with and subject to the terms and conditions
Delivery of Escrow Documents. Glamis, Raleigh and MSX hereby deliver to Escrow Agent with this letter the documents described in this Section 2.1, which documents (the "Escrow Documents") shall be held and distributed in accordance with the instructions contained in Section 2.2.
Delivery of Escrow Documents. (a) The Escrow Agent shall hold Purchaser and Company Escrow Items in its possession until either (i) it receives written notification from all parties to the Agreement to deliver Purchaser and Company Escrow Items to the appropriate parties; or (ii) all of the terms and conditions of a certain Stock Purchase Agreement by and between Company and Purchaser, dated the 13th day of July, 1995 have been satisfied.
Delivery of Escrow Documents. (a) Simultaneously with the execution of this Agreement, the Pledgors shall transfer to the Escrow Agent the Escrow Documents which comprise of the following documents: (i) all share certificates representing the Shares; (ii) undated blank instrument of transfer in respect of the Shares duly executed by each of Pledgors, in the form set out in Appendices "X0", "X0", "X0" and "A4" hereto; (iii) undated blank resolution of the board of directors of the Company approving of the transfer of shares, in the form set out in Appendix "B" hereto; (iv) an irrevocable proxy and power of attorney from each of the Pledgors, in the form set out in Appendices "C1", "C2", "C3" and"C4"hereto; (v) undated, duly signed letters of resignation from each of the Directors appointed by the Pledgors and the Secretary of the Company, in the form set out in Appendix "D" hereto; (vi) a letter of authority and undertaking from each of the Directors appointed by the Pledgors and the Secretary of the Company, in the form set out in Appendix "E" hereto; (vii) a waiver letter signed by each shareholder of the Company, other than the Pledge, in the form set out in Appendix F;
Delivery of Escrow Documents. (a) Simultaneously with the execution of this Agreement, the Pledgor shall transfer to the Escrow Agent the Escrow Documents No. 1 which comprise of the following documents: All share certificates representing approximately 24% of the issued Common Shares of the Company (i.e. 15,630 ordinary shares) (the “Shares No. 1”);
