Common use of ESCROW OF PORTION OF MARINEMAX STOCK Clause in Contracts

ESCROW OF PORTION OF MARINEMAX STOCK. At the Closing, each of the STOCKHOLDERS agrees to deliver or cause to be delivered into escrow for a period of one (1) year following the Effective Time an aggregate of ten percent (10%) of the MARINEMAX Stock delivered to each such STOCKHOLDER pursuant to this Agreement for purposes of securing the obligations, representations and warranties of the STOCKHOLDERS arising under this Agreement and all documents executed in connection herewith, such escrow to be governed by an escrow and security agreement in the form attached hereto as ANNEX III (the "Escrow and Security Agreement"). STOCKHOLDERS each agree to execute and deliver the Escrow and Security Agreement at the Closing effective at the Effective Time.

Appears in 5 contracts

Samples: Agreement of Merger and Plan (Marinemax Inc), 6 Agreement and Plan of Organization (Marinemax Inc), Agreement of Merger and Plan (Marinemax Inc)

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ESCROW OF PORTION OF MARINEMAX STOCK. At the Closing, each of the STOCKHOLDERS agrees to deliver or cause to be delivered into escrow for a period of one (1) year following the Effective Time an aggregate of ten percent (10%) of the MARINEMAX Stock delivered to each such STOCKHOLDER pursuant to this Agreement for purposes of securing the obligations, representations and warranties of the STOCKHOLDERS arising under this Agreement and all documents executed in connection herewith, such escrow to be governed by an escrow and security agreement in the 7 13 form attached hereto as ANNEX III (the "Escrow and Security Agreement"). STOCKHOLDERS each agree to execute and deliver the Escrow and Security Agreement at the Closing effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Organization (Marinemax Inc)

ESCROW OF PORTION OF MARINEMAX STOCK. At the Closing, each of the STOCKHOLDERS STOCKHOLDER agrees to deliver or cause to be delivered into escrow for a period of one (1) year following the Effective Time an aggregate of ten percent (10%) of the MARINEMAX Stock delivered to each such the STOCKHOLDER pursuant to this Agreement for purposes of securing the obligations, representations and warranties of the STOCKHOLDERS STOCKHOLDER arising under this Agreement and all documents executed in connection herewith, such escrow to be governed by an escrow and security agreement in the form attached hereto as ANNEX III (the "Escrow and Security Agreement"). STOCKHOLDERS each agree STOCKHOLDER agrees to execute and deliver the Escrow and Security Agreement at the Closing effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan (Marinemax Inc)

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ESCROW OF PORTION OF MARINEMAX STOCK. At the Closing, each of the STOCKHOLDERS agrees to deliver or cause to be delivered into escrow for a period of one (1) year following the Effective Time an aggregate of ten percent (10%) of the MARINEMAX Stock delivered to each such STOCKHOLDER pursuant to this Agreement for purposes of securing the obligations, representations and warranties of the STOCKHOLDERS arising under this Agreement and all documents executed in connection herewith, such escrow to be governed by an escrow and security agreement in the form attached hereto as ANNEX III (the "Escrow and Security Agreement"). STOCKHOLDERS each agree to execute and deliver the Escrow and Security Agreement at the Closing effective at the Effective Time.each

Appears in 1 contract

Samples: 6 Agreement and Plan of Organization (Marinemax Inc)

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