Examples of Escrow Shares in a sentence
All and any voting rights attached to the Escrow Shares shall at all times be exercised by the Vendors by giving written instructions to the Escrow Agent, and all rights attached thereto including the right to receive payment of any dividends shall be for the benefit of the Vendors.
If any dividends on the Escrow Shares of a Vendor should be payable to Computershare, such Vendor will be responsible for all reports and tax payments applicable.
On the Escrow Period Termination Date, the Escrow Agent shall deliver to the Vendors the remaining portion of the Escrow Shares not required to satisfy such claims as described in the preceding sentence (the "Remaining Escrow Shares"), by delivering to each Vendor a share certificate for such portion of Escrow Shares as the relevant Vendor is entitled to.
Failing such designation by the Purchaser, the Escrow Agent shall deliver such Escrow Shares to the Vendors whereupon this Agreement shall terminate and the Escrow Agent shall have no further duties and obligations under this Agreement.
Unless it is expressly permitted in this Agreement, the Escrow Shares cannot be sold, transferred, assigned, mortgaged or otherwise dealt with in any way.