Common use of Distribution of Escrow Shares Clause in Contracts

Distribution of Escrow Shares. At the times provided for in Section 11.3(d), the Escrow Shares shall be released and transferred by the Escrow Agent to the Shareholders’ Representative for distribution to the Shareholders. The Purchaser will take such action as may be necessary to cause such securities to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the Shareholders’ Representative and all fractional shares shall be rounded to the nearest whole share.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Goldenbridge Acquisition LTD), Merger Agreement (Orisun Acquisition Corp.)

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Distribution of Escrow Shares. At the times provided for in Section 11.3(d), the Escrow Shares shall be released and transferred by the Escrow Agent to the Shareholders’ Representative for distribution to the Shareholders. The Purchaser will take such action as may be necessary to cause such securities to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the Shareholders’ Representative Shareholders and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Business Combination Agreement (Ace Global Business Acquisition LTD)

Distribution of Escrow Shares. At the times provided for in Section 11.3(d), the Escrow Shares shall be released and transferred by the Escrow Agent to the Shareholders’ Representative Exchange Agent for distribution to the Shareholders. The Purchaser will take such action as may be necessary to cause such securities to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the Shareholders’ Representative Shareholders and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Merger Agreement (Tottenham Acquisition I LTD)

Distribution of Escrow Shares. At the times provided for in Section 11.3(d), the Escrow Shares shall be released and transferred by the Escrow Agent to the ShareholdersStockholders’ Representative for distribution to the ShareholdersStockholders. The Purchaser will take such action as may be necessary to cause such securities certificates and notes to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the ShareholdersStockholders’ Representative and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Merger Agreement (Hunter Maritime Acquisition Corp.)

Distribution of Escrow Shares. At the times provided for in Section 11.3(d), the Escrow Shares shall be released and transferred by the Escrow Agent to the ShareholdersStockholders’ Representative for distribution to the ShareholdersStockholders. The Purchaser will take such action as may be necessary to cause such securities certificates to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the ShareholdersStockholders’ Representative and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Merger Agreement (E-Compass Acquisition Corp.)

Distribution of Escrow Shares. At the times provided for in Section 11.3(d10.4(d), the Escrow Shares and the Escrow Income shall be released and transferred by the Escrow Agent to the ShareholdersStockholders’ Representative for distribution to the ShareholdersStockholders. The Purchaser will shall take such action as may be necessary to cause such securities certificates to be issued in the names of the appropriate personsStockholders. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the ShareholdersStockholders’ Representative and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Share Exchange Agreement (8i Enterprises Acquisition Corp.)

Distribution of Escrow Shares. At the times provided for in Section 11.3(dArticle 10.3(d), the Escrow Shares and any paid or accrued dividends thereon shall be released and transferred by the Escrow Agent to the ShareholdersStockholders’ Representative for distribution to the ShareholdersStockholders. The Purchaser Parent will take such action as may be necessary to cause such securities certificates to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the ShareholdersStockholders’ Representative and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Merger Agreement (HF Foods Group Inc.)

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Distribution of Escrow Shares. At the times provided for in Section 11.3(d), the Escrow Shares shall be released and transferred by the Escrow Agent to the ShareholdersMembers’ Representative for distribution to the ShareholdersMembers. The Purchaser will take such action as may be necessary to cause such securities certificates to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the ShareholdersMembers’ Representative and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Opes Acquisition Corp.)

Distribution of Escrow Shares. At the times provided for in Section 11.3(d), the Escrow Shares shall be released and transferred by the Escrow Agent to the Principal Shareholders’ Representative for distribution to the Principal Shareholders. The Purchaser will take such action as may be necessary to cause such securities to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the Principal Shareholders’ Representative and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Goldenbridge Acquisition LTD)

Distribution of Escrow Shares. At the times provided for in Section 11.3(d), the Escrow Shares and any paid or accrued dividends thereon shall be released and transferred by the Escrow Agent to the ShareholdersStockholders’ Representative for distribution to the ShareholdersStockholders. The Purchaser will take such action as may be necessary to cause such securities certificates to be issued in the names of the appropriate persons. Certificates representing Escrow Shares so issued that are subject to resale restrictions under applicable securities laws will bear a legend to that effect. No fractional shares shall be released and delivered from the Escrow Fund to the ShareholdersStockholders’ Representative and all fractional shares shall be rounded to the nearest whole share.

Appears in 1 contract

Samples: Merger Agreement (Atlantic Acquisition Corp.)

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