If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%. (2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 224 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 205 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold permitted secondary offering by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold permitted secondary offering by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 6 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities ** In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities ** In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 4 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Distribution All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Distribution All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 4 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Distribution All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Distribution All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 4 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 10secondaryoffering 25% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering secondaryoffering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 4 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities ** In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities ** In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 3 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold permitted secondary offering by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 3 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Transaction All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Transaction All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 3 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Transaction All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Transaction All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 3 contracts
Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO CSE Listing All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO CSE Listing All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 2 contracts
Samples: Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold permitted secondary offering by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 2 contracts
Samples: Escrow Agreement, Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches equaltranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches equaltranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer Emerging Issuer and you have sold in a permitted secondary offering Permitted Secondary Offering 10% or more of your escrow securitiesEscrow Securities, your escrow securities Escrow Securities will be released as follows: For delivery to complete the IPO All escrow securities Escrow Securities sold by you in the permitted secondary offering Permitted Secondary Offering 6 months after the listing date Listing Date 1/6 of your remaining escrow securities Escrow Securities 12 months after the listing date Listing Date 1/5 of your remaining escrow securities Escrow Securities 18 months after the listing date Listing Date 1/4 of your remaining escrow securities Escrow Securities 24 months after the listing date Listing Date 1/3 of your remaining escrow securities Escrow Securities 30 months after the listing date Listing Date 1/2 of your remaining escrow securities Escrow Securities 36 months after the listing date Listing Date your remaining escrow securities Escrow Securities *In the simplest case, where there are no changes to the remaining escrow securities Escrow Securities upon completion of the permitted secondary offering Permitted Secondary Offering and no additional escrow securitiesAdditional Escrow Securities, the release schedule outlined above results in the remaining escrow securities Escrow Securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer Emerging Issuer and you have sold in a permitted secondary offering Permitted Secondary Offering less than 10% of your escrow securitiesEscrow Securities, your escrow securities Escrow Securities will be released as follows: For delivery to complete the IPO All escrow securities Escrow Securities sold by you in the permitted secondary offering Permitted Secondary Offering On the listing date Listing Date 1/10 of your original number of escrow securities Escrow Securities less the escrow securities Escrow Securities sold by you in the permitted secondary offering Permitted Secondary Offering 6 months after the listing date Listing Date 1/6 of your remaining escrow securities Escrow Securities 12 months after the listing date Listing Date 1/5 of your remaining escrow securities Escrow Securities 18 months after the listing date Listing Date 1/4 of your remaining escrow securities Escrow Securities 24 months after the listing date Listing Date 1/3 of your remaining escrow securities Escrow Securities 30 months after the listing date Listing Date 1/2 of your remaining escrow securities Escrow Securities 36 months after the listing date Listing Date your remaining escrow securities Escrow Securities *In the simplest case, where there are no changes to the remaining escrow securities Escrow Securities upon completion of the permitted secondary offering Permitted Secondary Offering and no additional escrow securitiesAdditional Escrow Securities, the release schedule outlined above results in the remaining escrow securities Escrow Securities being released in equal tranches of 16 2/3% after completion of the release on the listing dateListing Date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches equaltranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches equaltranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities 1006405.1 *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 ¼ of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: 1006405.1 For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (( 1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(( 2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1a) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO RTO All escrow securities sold by you in the permitted thepermitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2b) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO RTO All escrow securities sold by you in the permitted thepermitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities ** In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete On November 21, 2020, six months following the IPO All escrow date the Issuer’s securities sold by you in are listed on a Canadian exchange (the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date initial release date) 1/2 of your remaining escrow securities 36 months Thirty (30) days after the listing initial release date 1/10 of your remaining escrow securities Sixty (60) days after the initial release date 1/10 of your escrow securities Ninety days (90) after the initial release date 1/10 of your escrow securities One hundred and twenty (120) days after the initial release date 1/10 of your escrow securities One hundred and fifty (150) days after the initial release date 1/10 of your escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering initially deposited and no additional escrow securities, then the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.as to 50% on the initial release date and an additional 10% every 30 days thereafter
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete On November 21, 2020, six months following the IPO All date the Issuer’s securities are listed on a Canadian exchange (the initial release date) 1/2 of your escrow securities sold by you in Thirty (30) days after the permitted secondary offering On the listing initial release date 1/10 of your original number of escrow securities less Sixty (60) days after the initial release date 1/10 of your escrow securities sold by you in the permitted secondary offering 6 months Ninety days (90) after the listing initial release date 1/6 1/10 of your remaining escrow securities 12 months One hundred and twenty (120) days after the listing initial release date 1/5 1/10 of your remaining escrow securities 18 months One hundred and fifty (150) days after the listing initial release date 1/4 1/10 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.. #
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
If there is a permitted secondary offering. (1a) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO RTO All escrow securities sold by you in the permitted thepermitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2b) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO RTO All escrow securities sold by you in the permitted thepermitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities ** In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (( 1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(( 2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO such offering All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO such offering All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Listing All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Listing All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 10more than 25% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the Issuer’s IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 25% or less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the Issuer’s IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on of the listing date.
Appears in 1 contract
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release on a schedule outlined above results in the remaining escrow securities being released in equal tranches of 33 1/3%.
(2) If the Issuer is an established issuer and you have sold in a permitted secondary offering less than 25% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/3 of your remaining escrow securities 30 12 months after the listing date 1/2 of your remaining escrow securities 36 18 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering secondaryoffering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securitiesEscrowed Securities, your escrow securities Escrowed Securities will be released as follows: For delivery to complete the IPO All escrow securities Escrowed Securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 Escrowed Securities 12 months after the listing date 1/2 of your remaining escrow securities 36 Escrowed Securities 18 months after the listing date your remaining escrow securities Escrowed Securities *In the simplest case, where there are no changes to the remaining escrow securities Escrowed Securities upon completion of the permitted secondary offering and no additional escrow securitiesAdditional Escrowed Securities, the release schedule outlined above results in the remaining escrow securities Escrowed Securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securitiesEscrowed Securities, your escrow securities Escrowed Securities will be released as follows: For delivery to complete the IPO All escrow securities Escrowed Securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities Escrowed Securities less the escrow securities Escrowed Securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 Escrowed Securities 12 months after the listing date 1/2 of your remaining escrow securities 36 Escrowed Securities 18 months after the listing date your remaining escrow securities Escrowed Securities *In the simplest case, where there are no changes to the remaining escrow securities Escrowed Securities upon completion of the permitted secondary offering and no additional escrow securitiesAdditional Escrowed Securities, the release schedule outlined above results in the remaining escrow securities Escrowed Securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. a Canadian
(1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Non-Offering Prospectus All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Non-Offering Prospectus All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities escrowsecurities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer Established Issuer and you have sold in a permitted secondary offering 10Permitted Secondary Offering 25% or more of your escrow securitiesEscrow Securities, your escrow securities Escrow Securities will be released as follows: For delivery to complete the IPO All escrow securities Escrow Securities sold by you in the permitted secondary offering Permitted Secondary Offering 6 months after the listing date 1/6 Listing Date 1/3 of your remaining escrow securities Escrow Securities 12 months after the listing date 1/5 Listing Date 1/2 of your remaining escrow securities Escrow Securities 18 months after the listing date 1/4 of Listing Date your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities Escrow Securities *In the simplest case, where there are no changes to the remaining escrow securities Escrow Securities upon completion of the permitted secondary offering Permitted Secondary Offering and no additional escrow securitiesAdditional Escrow Securities, the release schedule outlined above results in the remaining escrow securities Escrow Securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging issuer Established Issuer and you have sold in a permitted secondary offering Permitted Secondary Offering less than 1025% of your escrow securitiesEscrow Securities, your escrow securities Escrow Securities will be released as follows: For delivery to complete the IPO All escrow securities Escrow Securities sold by you in the permitted secondary offering Permitted Secondary Offering On the listing date 1/10 Listing Date 1/4 of your original number of escrow securities Escrow Securities less the escrow securities Escrow Securities sold by you in the permitted secondary offering Permitted Secondary Offering 6 months after the listing date 1/6 Listing Date 1/3 of your remaining escrow securities Escrow Securities 12 months after the listing date 1/5 Listing Date 1/2 of your remaining escrow securities Escrow Securities 18 months after the listing date 1/4 of Listing Date your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities Escrow Securities *In the simplest case, where there are no changes to the remaining escrow securities Escrow Securities upon completion of the permitted secondary offering Permitted Secondary Offering and no additional escrow securitiesAdditional Escrow Securities, the release schedule outlined above results in the remaining escrow securities Escrow Securities being released in equal tranches of 16 2/333 1/3% after completion of the release on the listing dateListing Date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering 1025% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Non-Offering Prospectus All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3%.
(2) If the Issuer is an emerging established issuer and you have sold in a permitted secondary offering less than 1025% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO Non-Offering Prospectus All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 1/4 of your original number of escrow securities less the escrow securities sold by you in the permitted thepermitted secondary offering 6 months after the listing date 1/6 1/3 of your remaining escrow securities 12 months after the listing date 1/5 1/2 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/333 1/3% after completion of the release on of the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securities, your escrow securities will be released as follows: For delivery to complete the Issuer’s IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 16 2/3% of your unsold escrow securities 12 months after the listing date 16 2/3% of your unsold escrow securities 18 months after the listing date 16 2/3% of your unsold escrow securities 24 months after the listing date 16 2/3% of your unsold escrow securities 30 months after the listing date 16 2/3% of your unsold escrow securities 36 months after the listing date 16 2/3% of your unsold escrow securities
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or less of your escrow securities, your escrow securities will be released as follows: For delivery to complete the Issuer’s IPO All escrow securities sold by you in the permitted secondary offering On the listing date 1/10 10% of your original number of escrow securities less the escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 15% of your remaining escrow securities 12 months after the listing date 1/5 15% of your remaining escrow securities 18 months after the listing date 1/4 15% of your remaining escrow securities 24 months after the listing date 1/3 15% of your remaining escrow securities 30 months after the listing date 1/2 15% of your remaining escrow securities 36 months after the listing date 15% of your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement
If there is a permitted secondary offering. (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securitiesEscrowed Securities, your escrow securities Escrowed Securities will be released as follows: For delivery to complete the IPO All escrow securities Escrowed Securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities Escrowed Securities 12 months after the listing date 1/5 of your remaining escrow securities Escrowed Securities 18 months after the listing date 1/4 of your remaining escrow securities Escrowed Securities 24 months after the listing date 1/3 of your remaining escrow securities Escrowed Securities 30 months after the listing date 1/2 of your remaining escrow securities Escrowed Securities 36 months after the listing date your remaining escrow securities Escrowed Securities *In the simplest case, where there are no changes to the remaining escrow securities Escrowed Securities upon completion of the permitted secondary offering and no additional escrow securitiesAdditional Escrowed Securities, the release schedule outlined above results in the remaining escrow securities Escrowed Securities being released in equal tranches of 16 2/3%.
(2) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering less than 10% of your escrow securitiesEscrowed Securities, your escrow securities Escrowed Securities will be released as follows: For delivery to complete the IPO All escrow securities Escrowed Securities sold by you in the permitted secondary offering On the listing date 1/10 of your original number of escrow securities Escrowed Securities less the escrow securities Escrowed Securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities Escrowed Securities 12 months after the listing date 1/5 of your remaining escrow securities Escrowed Securities 18 months after the listing date 1/4 of your remaining escrow securities Escrowed Securities 24 months after the listing date 1/3 of your remaining escrow securities Escrowed Securities 30 months after the listing date 1/2 of your remaining escrow securities Escrowed Securities 36 months after the listing date your remaining escrow securities Escrowed Securities *In the simplest case, where there are no changes to the remaining escrow securities Escrowed Securities upon completion of the permitted secondary offering and no additional escrow securitiesAdditional Escrowed Securities, the release schedule outlined above results in the remaining escrow securities Escrowed Securities being released in equal tranches of 16 2/3% after completion of the release on the listing date.
Appears in 1 contract
Samples: Escrow Agreement