Common use of Deposit of Escrow Shares Clause in Contracts

Deposit of Escrow Shares. The Stockholder and Parent agree that Escrow Agent, in connection with any Certificate deposited pursuant to Section 1.2(a), shall have (i) no responsibility to monitor the value of the Escrow Shares; (ii) no responsibility to collect Dividends and Distributions; (iii) no responsibility to sell or otherwise trade the Escrow Shares, but shall otherwise deliver the Escrow Shares on written instructions only; and (iv) no responsibility to ensure the legality of the registration of the Escrow Shares.

Appears in 1 contract

Samples: Escrow Agreement (Dataram Corp)

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Deposit of Escrow Shares. The Stockholder and Parent Parties agree that Escrow Agent, in connection with any Certificate Certificate(s) deposited pursuant to Section 1.2(a), shall have (i) no responsibility to monitor the value of the Escrow Shares; (ii) no right or responsibility to collect Dividends and Distributions; (iii) no right or responsibility to sell or otherwise trade the Escrow Shares, but shall otherwise deliver the Escrow Shares on written instructions onlyonly as provided herein; and (iv) no responsibility to ensure the legality of the registration of the Escrow Shares.

Appears in 1 contract

Samples: Equity Stock Transfer Escrow Agreement (Red Cat Holdings, Inc.)

Deposit of Escrow Shares. The Stockholder Seller and Parent RC agree that Escrow Agent, in connection with any Certificate deposited pursuant to Section 1.2(a), shall have have (i) no responsibility to monitor the value of the Escrow Shares; (ii) no responsibility to collect Dividends and Distributions; (iii) no responsibility to sell or otherwise trade the Escrow Shares, but shall otherwise deliver the Escrow Shares on written instructions only; and (iv) no responsibility to ensure the legality of the registration of the Escrow Shares.

Appears in 1 contract

Samples: Share Purchase Agreement (Red Cat Holdings, Inc.)

Deposit of Escrow Shares. The Stockholder and Parent Parties agree that Escrow Agent, in connection with any Certificate Certificates deposited pursuant to Section 1.2(a), shall have (i) no responsibility to monitor the value of the Escrow Shares; (ii) no responsibility to collect Dividends and Distributions; (iii) no responsibility to sell or otherwise trade the Escrow Shares, but shall otherwise deliver the Escrow Shares on written instructions only; and and, (iv) no responsibility to ensure the legality of the issuance or registration of the Escrow Shares.

Appears in 1 contract

Samples: Escrow Agreement (Drone Aviation Holding Corp.)

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Deposit of Escrow Shares. The Stockholder and Parent Parties agree that Escrow Agent, in connection with any Certificate deposited pursuant to Section 1.2(a), shall have (i) no responsibility to monitor the value of the Escrow Shares; (ii) no responsibility to collect Dividends and Distributions; (iii) no responsibility to sell or otherwise trade the Escrow Shares, but shall otherwise deliver the Escrow Shares on written instructions only; and (iv) no responsibility to ensure the legality of the registration of the Escrow Shares.

Appears in 1 contract

Samples: Escrow Agreement (PFO Global, Inc.)

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