Common use of Usual case Clause in Contracts

Usual case. If the Issuer is an established 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 be released as follows: * In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, then the release schedule outlined above results in the escrow securities being released in equal tranches of 25%.

Appears in 1 contract

Samples: Escrow Agreement (Northern Power Systems Corp.)

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Usual case. If the Issuer is an established 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 be released as follows: * In On the simplest case, where there date the Issuer' securities are no changes to listed on a Canadian exchange (the "listing date") 1/4 of your escrow securities initially deposited and no additional 6 months after the listing date 1/3 of your escrow securities 12 months after the listing date 1/2 of your escrow securities 18 months after the listing date your remaining escrow securities, then the release schedule outlined above results in the escrow securities being released in equal tranches of 25%.

Appears in 1 contract

Samples: Escrow Agreement (Alexco Resource Corp)

Usual case. If the Issuer is an established 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 be released as follows: * In On , 2 , the simplest case, where there date the Issuer’s securities are no changes to listed on a Canadian exchange (the escrow securities initially deposited and no additional listing date) 1/4 of your escrow securities, then the release schedule outlined above results in the escrow securities being released in equal tranches of 25%.

Appears in 1 contract

Samples: Escrow Agreement

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Usual case. If the Issuer is an established 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 be released as follows: * In On , 2 , the simplest case, where there date the Issuer’s securities are no changes to listed on a Canadian exchange (the listing date) 25% of your escrow securities initially deposited and no additional 6 months after the listing date 25% of your escrow securities 12 months after the listing date 25% of your escrow securities 18 months after the listing date 25% of your escrow securities, then the release schedule outlined above results in the escrow securities being released in equal tranches of 25%.

Appears in 1 contract

Samples: Escrow Agreement

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