Statutory Escrow Release Schedule Sample Clauses

Statutory Escrow Release Schedule. If you are a principal of the Issuer within the meaning of section 3.5 of the Policy (a "Principal"), the Issuer is an emerging issuer (as defined in section 3.3 of the Policy) and you have not sold any Escrow Securities in a permitted secondary offering, your Escrow Securities will become eligible for release pursuant to the Escrow Release Schedule as follows, unless the Issuer becomes an "established issuer" as set out in Article 3 of this Agreement, the schedule in the table below is hereinafter referred to as, the "Statutory Escrow Release Schedule": On the date the Issuer’s securities resume trading under Policy 8 of the Exchange (the listing date) 1/10 of your escrow securities 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, the release schedule outlined above results in the escrow securities being released in equal tranches of 15% after completion of the release on the listing date.
Sample 1
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Statutory Escrow Release Schedule. If you are a principal of the Issuer within the meaning of section 3.5 of the Policy (a "Principal"), the Issuer is an emerging issuer (as defined in section 3.3 of the Policy) and you have not sold any Escrowed Securities in a permitted secondary offering, your Eligible Escrowed Securities will become eligible for release pursuant to the Contractual Escrow Release Schedule (as modified by Section 2.2(d)) as follows, unless the Issuer becomes an "established issuer" as set out in Article 3 of this Agreement, the schedule in the table below is hereinafter referred to as, the "Statutory Escrow Release Schedule": Date of Automatic Timed Release Amount of Escrowed Securities Released On the date the Issuer's securities are listed on the CSE (the "Listing Date") Any Eligible Escrowed Securities available for release, to a maximum of 10% of the Escrowed Securities 6 months after the Listing Date Any Eligible Escrowed Securities available for release, to a maximum of 15% of the Escrowed Securities 12 months after the Listing Date Any Eligible Escrowed Securities available for release, to a maximum of 15% of the Escrowed Securities 18 months after the Listing Date Any Eligible Escrowed Securities available for release, to a maximum of 15% of the Escrowed Securities 24 months after the Listing Date Any Eligible Escrowed Securities available for release, to a maximum of 15% of the Escrowed Securities Date of Automatic Timed Release Amount of Escrowed Securities Released 30 months after the Listing Date Any Eligible Escrowed Securities available for release, to a maximum of 15% of the Escrowed Securities 36 months after the Listing Date All remaining Escrowed Securities
Sample 1

Related to Statutory Escrow Release Schedule

  • Escrow Requirement; Escrow Items Borrower must pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum of money to provide for payment of amounts due for all Escrow Items (the “Funds”). The amount of the Funds required to be paid each month may change during the term of the Loan. Borrower must promptly furnish to Lender all notices or invoices of amounts to be paid under this Section 3.

  • Amendment of Release Schedule The new release schedule will apply 10 days after the Escrow Agent receives a certificate signed by a director or officer of the Issuer authorized to sign

  • DATA ESCROW REQUIREMENTS Registry Operator will engage an independent entity to act as data escrow agent (“Escrow Agent”) for the provision of data escrow services related to the Registry Agreement. The following Technical Specifications set forth in Part A, and Legal Requirements set forth in Part B, will be included in any data escrow agreement between Registry Operator and the Escrow Agent, under which ICANN must be named a third-­‐party beneficiary. In addition to the following requirements, the data escrow agreement may contain other provisions that are not contradictory or intended to subvert the required terms provided below.

  • Contract Closure Contracting Officer shall give appropriate written notice to Purchaser when Purchaser has complied with the terms of this contract. Purchaser shall be paid refunds due from Timber Sale Account un- der B4.24 and excess cooperative deposits under B4.218.

  • Xxxxxxx’x Release of The Settling Entity This Settlement Agreement is a full, final and binding resolution between Xxxxxxx, as an individual (and not on behalf of the public yet furthers its health interest, unless it is judicially approved, in which case the release would be in furtherance of the public interest), and the Settling Entity, of any violation of Proposition 65 that was or could have been asserted by Xxxxxxx on behalf of himself, his past and current agents, representatives, attorneys, successors, and/or assignees, against the Settling Entity, Amazon and each of their past, current, and future direct and indirect parents, subsidiaries, affiliated entities under common ownership, predecessors, successors, directors, officers, managers, shareholders, members, employees, agents, assignees, and attorneys (releasees), based on their alleged or actual failure to warn about alleged exposures to lead contained in the Products that were sold and/or offered for sale in California by the Settling Entity through xxxxxx.xxx before the Effective Date, as alleged in the notice. In further consideration of the promises and agreements herein contained, Xxxxxxx as an individual and not on behalf of the public, on behalf of himself, his past and current agents, representatives, attorneys, successors, and/or assignees, hereby waives all of his rights to institute or participate in, directly or indirectly, any form of legal action and releases all claims that he may have, including, without limitation, all actions, and causes of action, in law or in equity, suits, liabilities, demands, obligations, damages, costs, fines, penalties, losses, or expenses including, but not exclusively, investigation fees, expert fees, and attorneys’ fees arising under Proposition 65 with respect to lead in the Products, sold and/or offered for sale by the Settling Entity, before the Effective Date, against the Settling Entity and the releasees. The Parties further understand and agree that this subsection 4.1 release shall not extend upstream to any entities that manufactured the Products or any component parts thereof, or any distributors, importers or suppliers who sold the Products to the Settling Entity. Nothing in this subsection affects Xxxxxxx’x right to commence or prosecute an action under Proposition 65 against a releasee that does not involve the Products that were sold and/or offered for sale in California by the Settling Entity.

  • The Settling Entity’s Release of Xxxxxxx The Settling Entity, on behalf of itself, its past and current agents, representatives, attorneys, successors, and assignees, hereby waives any and all claims against Xxxxxxx and his attorneys and other representatives, for any and all actions taken or statements made (or those that could have been taken or made) by Xxxxxxx and his attorneys and other representatives, whether in the course of investigating claims or otherwise seeking to enforce Proposition 65 in connection with the notice or Products.

  • Union Release Time The appointing authority may grant to elected officers or appointed representatives of the Union time off for employee organization representation activities. No more than one employee in a department or Bureau of the Department of Public Works with a total of no more than six employees for all bargaining units (4, 14, 15 & 18) shall be allowed release time under this article.

  • ADDITIONAL SPECIAL CONTRACT CONDITIONS A. Special Contract Conditions revisions: the corresponding subsections of the Special Contract Conditions referenced below are replaced in their entirety with the following:

  • Data Escrow Registry Operator shall comply with the registry data escrow procedures set forth in Specification 2 attached hereto (“Specification 2”).

  • Four Day Work Week Schedule i. When working under the four (4) day work week schedule, Employees shall be paid at double time (2x) the regular hourly rate for all hours worked in excess of the regular ten (10) hours per day Monday through Thursday.

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