Escrow Securities definition

Escrow Securities means (1) direct noncallable obligations of the United States, including obligations that are unconditionally guaranteed by the United States; (2) noncallable obligations of an agency or instrumentality of the United States, including obligations that are unconditionally guaranteed or insured by the agency or instrumentality and that, on the date of hereof, are rated as to investment quality by a nationally recognized investment rating firm not less than “AAA” or its equivalent; and (3) noncallable obligations of a state or an agency or a county, municipality, or other political subdivision of a state that have been refunded and that, on the date hereof, are rated as to investment quality by a nationally recognized investment rating firm not less than “AAA” or its equivalent.

Escrow Securities means the Common Shares held by the directors, officers and insiders on the Listing Date that will be deposited or voluntary deposited in escrow or a voluntary pooling arrangement pursuant to the Escrow Agreement or a voluntary pooling agreement, as applicable;

Escrow Securities means, collectively, (a) the Escrow Shares; and (b) the Escrow Warrants.

Examples of Escrow Securities in a sentence

• The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Securities in accordance with this Section 3.

• If no new escrow agent is so appointed within the 60 day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Securities with any court it reasonably deems appropriate.

• Such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Securities held hereunder.

• If no new escrow agent is so appointed within the 60 day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Securities with any court it deems appropriate.

• On or prior to the Effective Date, the Escrow Securities shall have been issued to each of the Initial Securityholders in book entry representing such Initial Securityholder’s respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement.

More Definitions of Escrow Securities

Escrow Securities means the securities that may be held in escrow pursuant to the Escrow Agreement.

Escrow Securities means the securities subject to the Escrow Agreement.

Escrow Securities means the direct noncallable obligations of the United States of America described in Exhibit II hereto.

Escrow Securities means those Subordinate Voting Shares and Warrants required to be escrowed pursuant to NP 46-201;

Escrow Securities means the Escrow Shares and the shares of common stock into which the Escrow Shares are convertible.

Escrow Securities means the securities described in Exhibit II.

Escrow Securities means any Debt of the Borrower or any Subsidiary secured by a Lien described under Section 8.02(s).