Common use of Rights as a Security Holder Clause in Contracts

Rights as a Security Holder. Subject to the terms of its Insider Letter as described in Section 4.4 hereof and except as herein provided, the Sponsor shall retain all of its rights as a stockholder of the Company during the Escrow Period, including without limitation, the right to vote Common Stock. The Escrow Agent shall have no responsibility to determine or verify the contents or limitations of the Insider Letter and shall be bound only by the terms of this Agreement.

Appears in 5 contracts

Samples: Stock Escrow Agreement (Global Defense & National Security Systems, Inc.), Stock Escrow Agreement (Global Defense & National Security Systems, Inc.), Stock Escrow Agreement (Global Defense & National Security Systems, Inc.)

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Rights as a Security Holder. Subject to the terms of its their respective Insider Letter Letters as described in Section 4.4 hereof and except as herein provided, the Sponsor each Private Investor shall retain all of its rights as a stockholder of the Company during the Escrow Period, including without limitation, the right to vote Common Stock. The Escrow Agent shall have no responsibility to determine or verify the contents or limitations of the Insider Letter Letters and shall be bound only by the terms of this Agreement.

Appears in 3 contracts

Samples: Securities Escrow Agreement (Heckmann CORP), Securities Escrow Agreement (Heckmann CORP), Securities Escrow Agreement (Greenstreet Acquisition Corp.)

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