Examples of Escrow Agreement Amendment in a sentence
Chaparral shall have received a copy of the Securities Escrow Agreement Amendment in accordance with Section 1.5 of this Agreement and containing terms that are otherwise reasonably satisfactory to Chaparral duly executed by Parent, the Sponsor and the escrow agent.
The Escrow Agreement Amendment shall become effective as of the Closing (and not before).
By: Name: Title: EXHIBIT F Form of Securities Escrow Agreement Amendment FORM OF AMENDMENT TO SECURITIES ESCROW AGREEMENT This Amendment (this “Amendment”), dated as of , 2010, to the Securities Escrow Agreement (as defined below) is made by and among Sports Properties Acquisition Corp., a Delaware corporation (the “Company”), Continental Stock Transfer & Trust Company (the “Trustee”) and the undersigned parties listed under Initial Stockholders on the signature pages hereto (the “Initial Stockholders”).
This Escrow Agreement Amendment (this “Amendment”) dated as of April 1, 2011 is made by and among Novelos Therapeutics, Inc., a Delaware corporation (the “Company”), Xxxxxx & Xxxxxxx, LLC, a Delaware limited liability company (the “Placement Agent”), Venture Investors Early Stage Fund IV Limited Partnership (the “Lead Investor”) and Signature Bank, a New York State chartered bank (the “Escrow Agent”).
The Escrow Agreement Amendment shall become effective only in connection with the consummation of the Transactions, and this Section 5 (and Exhibit B) shall be void and of no force and effect if the Merger Agreement shall be terminated or the Closing shall not occur for any reason.
This APA and Escrow Agreement Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Simultaneously with the execution and delivery of the Escrow Agreement Amendment, and in order to secure Xxxxxxxx'x indemnity obligations to the Buyer Indemnified Parties, Xxxxxxxx shall deposit the Letter of Credit with the Escrow Agent to be held in accordance with the terms hereof and the Indemnification Escrow Agreement.
Each of Parent, the Company and the Securityholders hereby acknowledge and agree that, as promptly as practicable following the execution and delivery of this Amendment by all parties hereto, the Representative, Parent and the Escrow Agent will enter into an amendment to the Indemnification Escrow Agreement in the form of ANNEX II hereto, subject only to the comments, if any, of the Escrow Agent as to its rights and obligations under the Indemnification Escrow Agreement (the "Escrow Agreement Amendment").
At and after the Closing, each of Sponsor and SPAC shall use reasonable best efforts to cause Continental and the other parties of the Escrow Agreement to take all action necessary to give effect to the actions contemplated by the Escrow Agreement Amendment.
The Escrow Agreement Amendment shall become effective only in connection with the consummation of the Transactions, and this Section 1 (and Exhibit A) shall be void and of no force and effect if the BCA shall be terminated or the Closing shall not occur for any reason.