Escrow restrictions Sample Clauses

Escrow restrictions. During the escrow period, the holder will not do any of the following.

Escrow restrictions. Subject to clause 10.8, Cortendo must not, during the relevant Moratorium Period: (a) Deal in all or any part of the relevant Holding or Deal in any interest or right in respect of all or any part of the relevant Holding; (b) create or agree or offer to create any Encumbrance over or affecting all or any part of the relevant Holding; or (c) do or omit to do any act which would have the effect of transferring effective ownership or control of all or any part of the relevant Holding.

Escrow restrictions. The Holder will not do any of the following during the Escrow Period.

Escrow restrictions. Each Fulcrum Securityholder hereby acknowledges, and covenants to, the following voluntary escrow restrictions regarding the xXxxxx Shares it is to receive under the Amalgamation: (i) 34% of the xXxxxx Shares shall become free trading on the date that is 6 months following the Effective Date; (ii) 33% of the xXxxxx Shares shall become free trading on the date that is 12 months following the Effective Date; and (iii) 33% of the xXxxxx Shares shall become free trading on the date that is 18 months following the Effective Date; provided that:

Escrow restrictions. The xXxxxx Shares issued to the former holders of Fulcrum Shares pursuant to the Amalgamation set forth herein shall be subject to voluntary escrow restrictions as summarized below and as set forth definitively in the Securityholder Agreements: (a) 34% of the xXxxxx Shares shall become free trading on the date that is 6 months following the Effective Date; (b) 33% of the xXxxxx Shares shall become free trading on the date that is 12 months following the Effective Date; and (c) 33% of the xXxxxx Shares shall become free trading on the date that is 18 months following the Effective Date; (collectively, the "Escrow Restrictions") Provided that: (d) Such trading restrictions will not apply to share transfers among former holders of Autopro Shares set forth in the schedules to the Autopro Agreement or to any current Autopro employee or former Autopro employee now employed by xXxxxx or Fulcrum; (e) For a period of 24 months from the Effective Date, in order to preserve an orderly market in xXxxxx Shares on the TSXV, in respect of any permitted trades of xXxxxx Shares, subject to the above Escrow Restrictions, xXxxxx shall be provided 15 days’ prior written notice to secure a potential buyer for the xXxxxx Shares before they are traded on the TSXV or on any other market; and (f) For a period of 24 months following the Effective Date, each of the Principal Vendors agrees, provided (i) volume information regarding the trading of xXxxxx Shares is reasonably accessible, and (ii) all other material insider owners of xXxxxx Shares (including company executives and owners related to Fulcrum) are subject to the same contractual restrictions, not to trade xXxxxx Shares on any open market on any particular trading day that would account for more than 20% of the total volume of xXxxxx Shares traded in any particular trading week since the Effective Date.

Escrow restrictions. Upon a grant of Shares of Restricted Stock, the Company, in its sole discretion, shall either (a) credit such Shares to the Grantee in a book entry on the records kept by the Company’s shareholder record keeper, or (b) cause to be issued certificates for such Shares. To the extent such Shares are credited pursuant to clause (a) of the preceding sentence, then any outstanding Shares shall be subject to Restrictions on transfer until, and to the extent, such Shares become Unrestricted Stock. To the extent certificates for such Shares are issued pursuant to clause (b) above, such certificates (i) shall be held in escrow by the Company until, and to the extent, such Shares shall become Unrestricted Stock, and (ii) shall bear an appropriate legend restricting the transfer of such Restricted Stock under the Plan. To the extent any such Shares fail to become Unrestricted Stock, the Company shall cancel any portion of the Shares forfeited by the Grantee. At the time when all or any portion of the Shares of Restricted Stock held by a Grantee hereunder become Unrestricted Stock, the Company shall release the Restrictions upon such Shares in the book entry records, or release the related certificates, together with any assets or securities held in escrow hereunder, from escrow, as applicable, in each case resulting in the release of any Shares that have become Unrestricted Stock.

Escrow restrictions. Other than as permitted by clause 2.4 below, during the Escrow Period the Shareholder will not do any of the following: (a) Dispose of the Restricted Securities; (b) create, or agree or offer to create, any Encumbrance in the Restricted Securities; (c) do, or omit to do, any act if the act or omission would have the effect of transferring effective ownership or control of the Restricted Securities; or (d) participate in a return of capital made by the Company, unless the Company gives its prior written consent (which the Company may withhold in its sole discretion).

Escrow restrictions. Licensee’s use of the Escrow Deposit is subject to the restrictions and obligations contained in this Agreement and will be deemed Confidential Information of PWW. Licensee may not disclose the content of the Escrow Deposit to any third party, other than employees or consultants of Licensee with a need to access such Escrow Deposit in order to support the Solution, unless approved by PWW in writing. Any third party provided access to the Escrow Deposit must be subject to a written confidentiality obligation. In addition, Licensee may not sub-license the content of the Escrow Deposit, except to end-users of the Solution solely in accordance with the terms of this Agreement.

Escrow restrictions. The Target acknowledges and agrees that some or all of the Acquiror Shares forming the Consideration may be subject to escrow restrictions as required by the CSE and holders of such shares may be required to deposit any applicable Acquiror Shares received by them into escrow and to sign and complete an escrow agreement in the form required by the CSE.

Escrow restrictions. It is recognized that the Ayotte Shares and other securixxxx xssued to certain of the Verb Securityholders pursuant to the Arrangement and this Agreement will be subject to escrow restrictions in accordance with the rules and policies of the Exchange. Such securities will be deposited, on the Effective Date, pursuant to the terms of an escrow agreement in the form required by the Exchange, and will be released from escrow on the basis of, at the time of, and in the manner stipulated by the Exchange.