Examples of Escrow Units in a sentence
Any distributions on such Escrow Units made in the form of Parent OP Common Units will be deemed to have been contributed by the Escrow Agent, on behalf of each applicable Contributor, to New Company in exchange for an equal number of New Company Common Units to be issued in the name of such Contributor.
All references to Escrow Units in this Agreement shall, to the extent applicable, be deemed to refer to the New Company Common Units issued in the name of the Escrow Agent in accordance with the terms of this Section 2.4.
The Museum operates under a contract with the Town ofOyster Bay to be the caretakers of the historic station and the display yard, and to operate the Museum.
During the Escrow Period, all dividends payable in cash with respect to the Escrow Units shall be paid to the Initial Stockholders, but all dividends payable in stock or other non-cash property (“Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof.
Chu and Xxxx have agreed to deposit all warrants they are to purchase pursuant to the Warrant Purchase Agreement (the “Escrow Warrants”, and together with the Escrow Units, the “Escrow Securities”) in escrow as hereinafter provided.