Escrow Arrangements definition

Escrow Arrangements means the account opening and escrow agreements with JPMorgan Chase Bank (China) Company Limited or its Affiliates and the deposit of the Required Available Onshore Cash Amount into an account with the foregoing as described in Section 7.15(e) on terms to be agreed among the Parent, Merger Sub, the Company and the Onshore Cash Escrow WFOE prior to the Effective Time.

Escrow Arrangements has the meaning set forth in subsection 4.2(e) hereof;

Escrow Arrangements shall have the meaning given to it in Section 6.07(a). “Exhibits” means the exhibits listed on Pages iv and v of this Agreement.

Examples of Escrow Arrangements in a sentence

• Liens occurring in, arising from, or associated with Specified Escrow Arrangements.

• It is understood and agreed that upon the termination of the Notes Escrow Arrangements with respect to any series of Permitted Escrow Notes, such Indebtedness (to the extent not required to be repaid or redeemed upon such termination) shall continue to constitute Permitted Additional Debt if the conditions set forth in clause (I) of this definition are satisfied at the time of such termination.

• Except as provided in the "Selling and Escrow Arrangements" section of the Prospectus, as compensation for the services of the Soliciting Dealers hereunder, the Dealer-Manager will re-allow, as a selling commission, a portion of the funds received by it from the Company as a selling commission in an amount up to seven per cent (7%) of the purchase price for each Share sold to a subscriber through such Soliciting Dealer's efforts with respect to the Company.

• Prior to the Release, the Company shall not, and shall not permit any Restricted Subsidiary to, Incur or suffer to exist, any Lien upon any of its Property (including Capital Stock of a Restricted Subsidiary and intercompany notes), whether owned at the Issue Date or thereafter acquired, or any interest therein or any income or profits therefrom that secures any obligation, except the Lien of the Trustee on the Escrowed Property and the Lien under the Credit Facility Escrow Arrangements.

• Prior to the Release, the Company shall not engage in any line of business or own any other assets other than as necessary to consummate the Release or the Special Mandatory Redemption and the transactions contemplated by the Escrow and Pledge Agreement, and the Credit Facility Escrow Arrangements.

More Definitions of Escrow Arrangements

Escrow Arrangements the provisions relating to the creation and operation of the Escrow Fund as set out in Schedule 7

Escrow Arrangements has the meaning given to it in clause 5.3;

Escrow Arrangements means the escrow arrangements to be agreed by the Buyer and the Seller Group (each acting reasonably) no later than the date that is ninety (90) days after the issuance of any Bank Guarantee or Letter of Credit provided by or on behalf of the Buyer pursuant to Clause 12 or, if applicable. implemented by the beneficiaries pursuant to Clause 12.7.7, providing for (among other things) the deposit to the Escrow Account of amounts drawn on any Bank Guarantee or Letter of Credit, the release of those amounts to the named beneficiary of the relevant Bank Guarantee or Letter of Credit in circumstances in which such Bank Guarantee or Letter of Credit can be drawn upon by such named beneficiary and the return of amounts standing to the credit of the Escrow Account to the Buyer or the Seller Group (as applicable) upon replacement Acceptable Credit Support being provided by or on behalf of the Buyer or the Seller Group in accordance with this Agreement.

Escrow Arrangements. The gross proceeds of the Offering less an amount equal to 75% of the Underwriter's commission and estimated costs and expenses incurred in connection with the Offering (the "Escrowed Proceeds") shall be deposited into escrow with counsel to the Underwriter (the "Escrow Agent") as interest bearing funds on the Closing Date. Upon the execution and delivery of a binding agreement announced in the public domain in respect of a private placement (the "Private Placement") on or prior to August 15, 1998 pursuant to which a strategic investor (the "Strategic Investor") purchases not less than 1,500,000 Common Shares of the Corporation at a price of not less than $1.20 per share, the Escrow Agent shall release 25% of the Escrowed Proceeds (less a holdback of $200,000 to be applied against any cash penalty events as described below) to the Corporation, Xxxx Xxxxx and Xxxxxxx Xxxxxxxxx on a pro rata basis. Provided that the Shareholder Approval has been obtained, the Private Placement has closed and a receipt for the Final Prospectus has been issued by the last of the Securities Regulators in each of the Qualifying Provinces, the Escrow Agent shall release the balance of the Escrowed Proceeds less, for greater certainty, the aggregate Automatic Retraction Price and Discretionary Retraction Price (as hereinafter defined), if any, and the remaining 25% of the Underwriter's commission and estimated costs and expenses incurred in connection with the Offering, to the Corporation, Xxxx Xxxxx and Xxxxxxx Xxxxxxxxx on a pro rata basis. PENALTY EVENTS: In the event that the Private Placement has not closed on or before

Escrow Arrangements shall have the meaning set forth in Section 10.9(d)(i).

Escrow Arrangements shall have the meaning given to it in Section 9.02(b6.07(a).

Escrow Arrangements. At the Closing, 75% of the gross proceeds of the Offering (net of an amount equal to 75% of the Underwriter's commission and its estimated costs and expenses incurred in connection with the Offering) shall be paid to the Corporation. The balance of the proceeds (the "Escrowed Proceeds") shall be deposited into escrow with a mutually agreed upon escrow agent (the "Escrow Agent").