Examples of Equity Escrow Agreement in a sentence
The Escrow Agent shall receive from the parties jointly the sum of $10,000 (representing $5,000 for its services rendered in connection with this agreement and $5,000 for its services related to the Cross Investment Equity Escrow Agreement), so long as the time spent in the performance of its duties hereunder does not exceed fifteen (15) hours.
In addition to restrictions on transfer imposed under federal and state securities laws, the Shares shall be held in escrow subject to the terms of the Cross Investment Equity Escrow Agreement and may not be sold or transferred until released from escrow.
The board of directors agreed that Guoda Drugstore and Sinopharm Holding Hubei sign the Equity Escrow Agreement, changing the original method of solving the horizontal competition of social retail pharmacy assets from acquisition to escrow, that is, from Guoda Drugstore purchasing 51% equity of Sinopharm Holding (Hubei) Hankou Pharmacy Co., Ltd.
If required pursuant to the terms and provisions of Section 7.2, the Richmond Equity Escrow Agreement, in the form attached hereto as Exhibit E, duly executed by the parties thereto.
Upon such deposit, Escrow Agent shall be relieved of all future responsibilities under this Shareholders' Equity Escrow Agreement.
The License Equity will held in escrow pursuant to the terms of the License Equity Escrow Agreement attached as Exhibit 2.
In addition to restrictions on transfer imposed under federal and state securities laws, the Shares shall be held in escrow subject to the terms of the License Equity Escrow Agreement and may not be sold or transferred until released from escrow.
The Asset Purchase Agreement provides that a portion of the Purchase Price shall be held in escrow in accordance with the terms and conditions of this Shareholders' Equity Escrow Agreement.
The Buyer shall not deliver any written instructions to the Equity Escrow Agent pursuant to the Equity Escrow Agreement instructing the Equity Escrow Agent to release the funds deposited into escrow under the Equity Escrow Agreement, other than in connection with Closing or the termination of this Agreement in accordance with the terms hereof, without the prior written consent of the Majority Sellers, which consent shall not be unreasonably withheld or delayed.
Escrow Agent shall in all cases be entitled to rely upon and be fully protected in acting or in refraining from acting under this Shareholders' Equity Escrow Agreement in accordance with any and all written notifications received by it in accordance with this Escrow Agreement.