Common use of SURRENDER FOR CANCELLATION Clause in Contracts

SURRENDER FOR CANCELLATION. The Shareholder shall surrender the Shares for cancellation and the Escrow Agent shall deliver the certificates representing the Shares to the Issuer (a) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent or the Exchange, (b) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 consecutive years, (c) on December 1, 1999 if such Shares have not previously been released from the terms of this agreement, or (d) where required by section 6(4).

Appears in 1 contract

Samples: Escrow Agreement (Air Packaging Technologies Inc)

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SURRENDER FOR CANCELLATION. The Shareholder shall surrender the Shares for cancellation and the Escrow Agent shall deliver the certificates representing the Shares to the Issuer: (a) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent or the Exchange, (b) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 consecutive years,, or (c) on December 1, 1999 if such Shares have not previously been released 10 years from the terms of this agreementdate hereof, or (d) where required by section 6(4).

Appears in 1 contract

Samples: Escrow Agreement (Sovereign Chief Ventures LTD)

SURRENDER FOR CANCELLATION. The Shareholder shall surrender the Shares for cancellation by the Issuer and the Escrow Agent shall deliver the certificates representing the Shares to the Issuer: (a1) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent or the Exchange,Executive Director; (b2) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 consecutive years,; and (c) on December 1, 1999 if such Shares have not previously been released from the terms of this agreement, or (d3) where required by section 6(4).

Appears in 1 contract

Samples: Performance Shares Allotment Agreement (Global Election Systems Inc)

SURRENDER FOR CANCELLATION. The Shareholder shall surrender the Shares for cancellation and the Escrow Agent shall deliver the certificates representing the Shares to the Issuer (a) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent Executive Director or the Exchange, (b) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 consecutive years,. (c) on December 1, 1999 if such Shares have not previously been released five years from the terms of date the exchange has accepted this agreement, Agreement for filing or (d) where required by section 6(46(d).

Appears in 1 contract

Samples: Escrow Agreement (Dsi Datotech Systems Inc)

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SURRENDER FOR CANCELLATION. The Shareholder shall surrender the Shares for cancellation and the Escrow Agent shall deliver the certificates representing the Shares Share to the Issuer (a) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent or the Exchange,; (b) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 consecutive years, (c) on December 1, 1999 if such Shares have not previously been released from the terms of this agreement, or (d) where required by section 6(4).;

Appears in 1 contract

Samples: Escrow Agreement (Minco Mining & Metals Corp)

SURRENDER FOR CANCELLATION. The Shareholder shall surrender the Shares for cancellation by the Issuer and the Escrow Agent shall deliver the certificates representing the Shares to the Issuer: (a) at the time of a major reorganization of the Issuer, if required as a condition of the consent to the reorganization by the Superintendent or the Exchange,Executive Director; (b) where the Issuer's shares have been subject to a cease trade order issued under the Act for a period of 2 consecutive years,; and (c) on December 1, 1999 if such Shares have not previously been released from the terms of this agreement, or (d) where required by section 6(4).

Appears in 1 contract

Samples: Performance Shares Allotment Agreement (Global Election Systems Inc)

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