Dividends and Other. Distributions in Respect of the Escrow Shares. During the Escrow Period, all dividends payable in cash with respect to the Escrow Shares shall be paid to the Initial Stockholders, but all dividends payable in stock or other non-cash property ("Non-Cash Dividends") shall be delivered to the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term "Escrow Shares" shall be deemed to include the Non-Cash Dividends distributed thereon, if any.
Appears in 3 contracts
Samples: Stock Escrow Agreement (Navitas International CORP), Stock Escrow Agreement (Navitas International CORP), Stock Escrow Agreement (Navitas International CORP)
Dividends and Other. Distributions in Respect of the Escrow Shares. During the Escrow Period, all dividends payable in cash with respect to the Escrow Shares shall be paid to the Initial StockholdersExisting Shareholders, but all dividends payable in stock securities or other non-cash property ("“Non-Cash Dividends"”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term "“Escrow Shares" ” shall be deemed to include the Non-Cash Dividends distributed thereon, if any.
Appears in 2 contracts
Samples: Escrow Agreement (Korea Milestone Acquisition CORP), Escrow Agreement (Korea Milestone Acquisition CORP)
Dividends and Other. Distributions in Respect of the Escrow SharesSecurities. During the Escrow Period, all dividends payable in cash with respect to the Escrow Shares Securities shall be paid to the Initial StockholdersShareholders, but all dividends payable in stock share or other non-cash property ("“Non-Cash Dividends"”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term "“Escrow Shares" Securities” shall be deemed to include the Non-Cash Dividends distributed thereon, if any.
Appears in 1 contract
Samples: Securities Escrow Agreement (China Growth Equity Investment LTD)
