Common use of RELEASE OF PROMOTIONAL SECURITIES Clause in Contracts

RELEASE OF PROMOTIONAL SECURITIES. (a) In the event of a dissolution, liquidation, merger, consolidation, reorganization, sale or exchange of the Issuer's assets or securities (including by way of tender offer), or any other transaction or proceeding with a person who is not a Promoter, which results in the distribution of the Issuer's assets or securities ("Distribution"), while this Agreement remains in effect, the Depositors agree that:

Appears in 5 contracts

Samples: Promotional Shares Escrow Agreement (Advantage Marketing Systems Inc/Ok), Promotional Shares Escrow Agreement (Advantage Marketing Systems Inc/Ok), Promotional Shares Escrow Agreement (Vialink Co)

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