Common use of SHARES TO BE RELEASED Clause in Contracts

SHARES TO BE RELEASED. On the date 365 days after the Closing Date, Escrow Agent shall release to the Designated Shareholders' Agent from the Escrow all Shares then held in the Escrow, except for any Shares subject to an Officer's Certificate which has been delivered or that are to be retained in the Escrow in accordance with Section 3.2(c) of this Escrow Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization and Merger (Castelle \Ca\), Agreement and Plan of Reorganization and Merger (Castelle \Ca\)

AutoNDA by SimpleDocs

SHARES TO BE RELEASED. On the date 365 days 12 months after the Closing Date, the Escrow Agent shall release to the Designated Shareholders' Agent Seller from the Escrow all Escrow Shares then held in the Escrow, except for any Escrow Shares subject necessary to an Officer's Certificate satisfy a claim set forth in a Claim Notice which has been delivered given and for which a Response Notice has not been received or deemed to have been receive, or that are to be retained in the Escrow in accordance with Section 3.2(c3.3(c) of this Escrow Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Isonics Corp), Escrow Agreement (Isonics Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!