Common use of Release from Escrow Clause in Contracts

Release from Escrow. (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

Appears in 8 contracts

Samples: Escrow Agreement (Pacific Rodera Ventures Inc), Escrow Agreement (Entourage Mining LTD), Escrow Agreement (Pacific Rodera Ventures Inc)

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Release from Escrow. (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8.; (2) The the Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent Executive Director or the Exchange consenting to the release.; and (3) The the approval of the Superintendent Executive Director or the Exchange to a release from escrow of any of the Shares shall terminate this agreement Agreement only in respect of the Shares so released.

Appears in 2 contracts

Samples: Escrow Agreement (Pacific Rodera Ventures Inc), Escrow Agreement (Pacific Rodera Ventures Inc)

Release from Escrow. (1a) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2b) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3c) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

Appears in 2 contracts

Samples: Performance Shares Escrow Agreement (Minco Mining & Metals Corp), Performance Shares Escrow Agreement (Minco Mining & Metals Corp)

Release from Escrow. (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares will be released from escrow unless on the Escrow Agent has received a letter basis of cash flow from operations as derived from the Superintendent or the Exchange consenting to the release. (3) The approval audited financial statements of the Superintendent Company and any subsidiary. "Cash Flow" means net income or loss before tax, adjusted to add back the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.following expenses:

Appears in 2 contracts

Samples: Escrow Agreement (Aztek Inc), Escrow Agreement (Aztek Inc)

Release from Escrow. (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) 2 or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Escrow Agreement (Sovereign Chief Ventures LTD)

Release from Escrow. (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Performance Shares Allotment Agreement (Global Election Systems Inc)

Release from Escrow. (1) 7.01 The Shareholder Shareholders irrevocably directs direct the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) Paragraph 7.02 or surrendered for cancellation pursuant to section Section 8. (2) 7.02 The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) 7.03 The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement Agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Escrow Agreement (Stirrup Creek Gold LTD)

Release from Escrow. (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement Agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Escrow Agreement (Minco Mining & Metals Corp)

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Release from Escrow. (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent Executive Director or the Exchange consenting to the release. (3) The approval of the Superintendent Executive Director or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Escrow Agreement (Titan Trading Analytics Inc)

Release from Escrow. (1) The THE Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8.. December 21, 1989 48 LPS 3-07 (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Performance Shares Allotment Agreement (Global Election Systems Inc)

Release from Escrow. (1) 7.1 The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) 7.2 or surrendered for cancellation pursuant to section 8. (2) 7.2 The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent Executive Director or the Exchange consenting to the release. (3) 7.3 The approval of the Superintendent Executive Director or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Escrow Agreement (Earthramp Com Communications Inc)

Release from Escrow. (1) The Shareholder Shareholders irrevocably directs direct the Escrow Agent to retain the Shares until the such Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement Agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Performance Escrow Agreement (Response Biomedical Corp)

Release from Escrow. (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

Appears in 1 contract

Samples: Escrow Agreement (Sovereign Chief Ventures LTD)

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