Stockholder Redemption. In the event a stockholder exercises his or her redemption right upon the Business Combination of the Company, the funds to repay said stockholder shall be distributed directly from the Escrow Account. As soon as practicable after the Company receives notice from a stockholder that the stockholder is exercising its redemption rights, the Company shall instruct the Escrow Agent to transfer, and (so long as the Escrow Agent has received an Internal Revenue Service Form W-8 or Form W-9) the Escrow Agent shall so transfer, the funds owed to the stockholder; such instructions to include the amount to be transferred and delivery instructions. These instructions shall comply with Section 6 of this Escrow Agreement.
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Samples: Escrow Agreement (Able One Capital Inc), Escrow Agreement (1997 Corp), Escrow Agreement (Sb Merger Corp)
Stockholder Redemption. In the event a stockholder exercises his or her redemption right upon the Business Combination a business combination of the Company, the funds to repay said stockholder shall be distributed directly from the Escrow Account. As soon as practicable after the Company receives notice from a stockholder that the stockholder is exercising its redemption rights, the Company shall instruct the Escrow Agent to transfer, and (so long as the Escrow Agent has received an any necessary Internal Revenue Service Form W-8 or Form W-9) the Escrow Agent shall so transfer, transfer the funds owed to the stockholder; such instructions to include the amount to be transferred and delivery instructions. These instructions shall comply with Section 6 of this Escrow Agreement.
Appears in 1 contract
Samples: Escrow Agreement (Sb Merger Corp)
Stockholder Redemption. In the event a stockholder exercises his or her redemption right upon the Business Combination of the Company, the funds to repay said stockholder shall be distributed directly from the Escrow Account. As soon as practicable after the Company receives notice from a stockholder that the stockholder is exercising its redemption rights, the Company shall instruct the Escrow Agent to transfer, and (so long as the Escrow Agent has received an Internal Revenue Service Form W-8 or Form W-9, as required by the Registration Statement) the Escrow Agent shall so transfer, the funds owed to the stockholder; such instructions to include the amount to be transferred and delivery instructions. These instructions shall comply with Section 6 7 of this Escrow Agreement.
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