Common use of Share Escrow Clause in Contracts

Share Escrow. Pledgor hereby places into escrow with the Escrow ------------ Agent (as defined below in the attached Schedule "A" Escrow Agreement) the Shares and all and every of its interest therein, and Pledgor shall immediately upon execution hereof deliver to the Escrow Agent: (a) the certificates representing the Shares; and (b) if received by Pledgor prior to or after escrow of the Shares herewith and before payment of the Loan or after realisation by the Lender of the Shares in execution of its recourses to recover the Loan, all additional shares of stock of, or equity interest in, Issuer from time to time acquired by Pledgor in any manner arising by share dividend, stock split, or otherwise of the Shares, and the certificates representing such additional shares (any such additional shares shall constitute part of the Shares under and as defined in this Agreement), and all products and proceeds of any of such additional Shares, including, without limitation, all dividends, cash, instruments, subscriptions, warrants and any other rights and options and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any and all of such additional Shares.

Appears in 2 contracts

Samples: Pledge, Escrow and Promissory Note Agreement (Sinovac Biotech LTD), Pledge, Escrow and Indemnity Agreement (Sinovac Biotech LTD)

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Share Escrow. Pledgor hereby places into escrow with the Escrow ---------- ------------ Agent (as defined below in the attached Schedule "A" Escrow Agreement) the Shares and all and every of its interest therein, and Pledgor shall immediately upon execution hereof deliver to the Escrow Agent: (a) the certificates representing the Shares; and (b) if received by Pledgor prior to or after escrow of the Shares herewith and before payment of the Loan or after realisation by the Lender of the Shares in execution of its recourses to recover the Loan, all additional shares of stock of, or equity interest in, Issuer from time to time acquired by Pledgor in any manner arising by share dividend, stock split, or otherwise of the Shares, and the certificates representing such additional shares (any such additional shares shall constitute part of the Shares under and as defined in this Agreement), and all products and proceeds of any of such additional Shares, including, without limitation, all dividends, cash, instruments, subscriptions, warrants and any other rights and options and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any and all of such additional Shares.

Appears in 2 contracts

Samples: Pledge, Escrow and Promissory Note Agreement (Sinovac Biotech LTD), Pledge, Escrow and Indemnity Agreement (Sinovac Biotech LTD)

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