Common use of Distribution of Escrow Shares Clause in Contracts

Distribution of Escrow Shares. If all or any portion of the Escrow Shares are to be released from the Escrow Fund pursuant to Section 9.4(d), then such Escrow Shares shall be released to the Owners’ Representative for distribution to the Owners. The Acquirer will take such action as may be necessary to cause such certificates to be issued in the names of the appropriate Persons. Certificates or book-entry positions 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 Owners’ Representative and all fractional shares shall be rounded to the nearest whole share.

Distribution of Escrow Shares. If all or any portion of At the Escrow Shares are to be released from the Escrow Fund pursuant to times provided for in Section 9.4(d10.4(d), then such the Escrow Shares shall be released to the OwnersShareholders’ Representative for distribution to the OwnersShareholders, pro rata based on each such Shareholder’s percentage of ownership in the Company immediately prior to Closing. The Acquirer Purchaser will take such action as may be necessary to cause such certificates and notes to be issued in the names of the appropriate Personspersons. Certificates or book-entry positions 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 OwnersShareholders’ Representative and all fractional shares shall be rounded to the nearest whole share.

Distribution of Escrow Shares. If all or any portion of the Escrow Shares are to be released from the Escrow Fund pursuant to Section 9.4(d10.4(d), then such Escrow Shares shall be released to the OwnersSellers’ Representative for distribution to the Principal Owners. The Acquirer Purchaser will take such action as may be necessary to cause such certificates to be issued in the names of the appropriate Persons. Certificates or book-entry positions 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 OwnersSellers’ Representative and all fractional shares shall be rounded to the nearest whole share.