Common use of Transfer upon Bankruptcy Clause in Contracts

Transfer upon Bankruptcy. (1) You may transfer escrow securities within escrow to a trustee in bankruptcy or another person or company entitled to escrow securities on bankruptcy provided that: (a) you make application to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. FORM 5D ESCROW AGREEMENT Page 8 (2) Prior to the transfer, the Escrow Agent must receive: (a) a certified copy of either (i) the assignment in bankruptcy filed with the Superintendent of Bankruptcy, or (ii) the receiving order adjudging the Securityholder bankrupt; (b) a certified copy of a certificate of appointment of the trustee in bankruptcy; (c) a transfer power of attorney, xxxx completed and executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and (d) an acknowledgment in the form of Form 5E signed by (i) the trustee in bankruptcy or (ii) on direction from the trustee, with evidence of that direction attached to the acknowledgement form, another person or company legally entitled to the escrow securities.

Transfer upon Bankruptcy. (1) You may transfer escrow securities securities, other than options, within escrow to a trustee in bankruptcy or another person or company entitled to escrow securities on bankruptcy provided that: (a) you make application under the applicable Exchange Policy of the intent to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. FORM 5D ESCROW AGREEMENT Page 8. (2) Prior to the transfer, the Escrow Agent must receive: (a) a certified copy of either (i) the assignment in bankruptcy filed with the Superintendent of Bankruptcy, or (ii) the receiving order adjudging the Securityholder bankrupt; (b) a certified copy of a certificate of appointment of the trustee in bankruptcy; (c) a transfer power of attorney, xxxx completed and executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and; (d) an acknowledgment in the form of Form 5E signed by (i) the trustee in bankruptcy or or (ii) on direction from the trustee, with evidence of that direction attached to the acknowledgement acknowledgment form, another person or company legally entitled to the escrow securities.

Transfer upon Bankruptcy. (1) You may transfer escrow securities securities, other than options, within escrow to a trustee in bankruptcy or another person or company entitled to escrow securities on bankruptcy provided that: (a) you make application under the applicable Exchange Policy of the intent to transfer under the Policy at least 10 business days and not more than 30 business days prior to the date of the proposed transfer; and (b) the Exchange does not provide notice of its objection to the Escrow Agent prior to 10:00 a.m. (Vancouver time) or 11:00 a.m. (Calgary time) on such specified date. FORM 5D ESCROW AGREEMENT Page 8. (2) Prior to the transfer, the Escrow Agent must receive: (a) a certified copy of either (i) the assignment in bankruptcy filed with the Superintendent of Bankruptcy, or (ii) the receiving order adjudging the Securityholder bankrupt; (b) a certified copy of a certificate of appointment of the trustee in bankruptcy; (c) a transfer power of attorney, xxxx completed and executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and (d) an acknowledgment in the form of Form 5E signed by (i) the trustee in bankruptcy or or (ii) on direction from the trustee, with evidence of that direction attached to the acknowledgement acknowledgment form, another person or company legally entitled to the escrow securities.