Escrow of New Securities. If you receive securities (new securities) of another issuer (successor issuer) in exchange for your escrow securities, the new securities will be subject to escrow in substitution for the tendered escrow securities.
Appears in 34 contracts
Samples: Escrow Agreement (KWESST Micro Systems Inc.), Escrow Agreement, CPC Escrow Agreement
Escrow of New Securities. If you receive securities ("new securities") of another issuer ("successor issuer") in exchange for your escrow securities, the new securities will be subject to escrow in substitution for the tendered escrow securities.
Appears in 2 contracts
Samples: Share Exchange Agreement (Big Flash Corp), Share Exchange Agreement (Big Flash Corp)
Escrow of New Securities. If you receive securities (new securities) of another issuer (successor issuer) in exchange for your escrow securities, the new securities will be subject to escrow in substitution for the tendered escrow securitiessecurities unless the successor issuer otherwise directs, in accordance with section 6.6.
Appears in 1 contract
Samples: Escrow Agreement
Escrow of New Securities. If you receive a Securityholder receives securities (“new securities”) of another issuer (successor the “new issuer”) in exchange for your escrow securitiestheir Escrow Shares, the new securities will be subject to escrow in substitution for the tendered Escrow Shares. The Escrow Agent will hold the new securities in escrow securitieson the same terms and conditions, including release dates, as applied to the Escrow Shares that were exchanged.
Appears in 1 contract
