Common use of Deposit of Escrow Securities Clause in Contracts

Deposit of Escrow Securities. On or before the Effective Date, the Existing Shareholders shall deliver to the Escrow Agent a certificate representing their respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. The Existing Shareholders acknowledge that the certificates representing their respective Escrow Securities are legended to reflect the deposit of such Escrow Securities under this Agreement.

Appears in 4 contracts

Samples: Securities Escrow Agreement (ChinaGrowth North Acquisition CORP), Securities Escrow Agreement (ChinaGrowth South Acquisition CORP), Securities Escrow Agreement (ChinaGrowth North Acquisition CORP)

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