Common use of Indemnification Escrow Shares Clause in Contracts

Indemnification Escrow Shares. Notwithstanding anything to the contrary in the other provisions of this Section 3.1, Purchaser shall withhold from the Purchaser Merger Shares otherwise issuable to the Escrow Participant pursuant to this Section 3.1 such number of Purchaser Class A Ordinary Shares as determined in accordance with Section 1.36.

Appears in 2 contracts

Samples: Merger Agreement (Oak Woods Acquisition Corp), Merger Agreement (Oak Woods Acquisition Corp)

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Indemnification Escrow Shares. Notwithstanding anything to the contrary in the other provisions of this Section 3.1, Purchaser shall withhold from the shares of Purchaser Merger Shares otherwise issuable to the Escrow Participant pursuant to this Section 3.1 such number of shares of Purchaser Class A Ordinary Shares Common Stock as determined in accordance with Section 1.36.

Appears in 1 contract

Samples: Merger Agreement (GreenVision Acquisition Corp.)

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Indemnification Escrow Shares. Notwithstanding anything to the contrary in the other provisions of this Section 3.1, Purchaser shall withhold from the shares of Purchaser Merger Shares otherwise issuable to the an Escrow Participant pursuant to this Section 3.1 such 3.1(a) or (b) a number of shares of Purchaser Class A Ordinary Shares Common Stock equal to: (i) the Escrow Shares; multiplied by (b) such Escrow Participant’s Escrow Pro Rata Portion, in each case, as determined in accordance with Section 1.36set forth on Schedule 1.19.

Appears in 1 contract

Samples: Merger Agreement (GreenVision Acquisition Corp.)

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