Escrowed Shares definition

Escrowed Shares has the meaning set forth in Section 2.4.

Escrowed Shares has the meaning set forth in Section 3.3(b).

Escrowed Shares has the meaning set out in Section 7.1(c);

Examples of Escrowed Shares in a sentence

• The Escrowed Shares are only an estimation of the shares of the Company's common stock necessary to repay the principal amount and interest due hereunder.

• In the event that during the life of this Note the Escrowed Shares are insufficient to repay all amounts due hereunder the Company shall immediately escrow, pursuant to the irrevocable transfer agent instructions dated the date hereof (the "Irrevocable Transfer Agent Instructions") such number of shares of the Company's common stock sufficient to repay all amounts due hereunder.

• To the extent that the Administrative Agent becomes liable for the payment of taxes, including withholding taxes, in respect of income derived from the Escrowed Shares and Disposition Proceeds, the Administrative Agent may but shall not be obligated to pay such taxes.

• Upon delivery, such shares or evidences of ownership shall thereupon constitute Escrowed Shares for the purposes and upon the terms and conditions set forth in this Agreement.

• Upon such termination of this Agreement, the Administrative Agent shall, at the sole expense of the Grantors, promptly deliver to the Grantors the Escrowed Shares, all other certificated Restricted Equity Interests and the Disposition Proceeds Collateral and take such actions at the request of the Grantors as may be necessary to effect the same.

More Definitions of Escrowed Shares

Escrowed Shares has the meaning set forth in Section 2.1(c)(i).

Escrowed Shares has the meaning provided in the recitals hereto;

Escrowed Shares shall have the meaning set forth in Section 8.4.

Escrowed Shares means the Microfield Common Stock placed in the Indemnification Escrow pursuant to Section 2.7.

Escrowed Shares has the meaning ascribed thereto in Section 2.1 hereof;

Escrowed Shares means such number of shares of iPrint Common --------------- Stock equal to the aggregate of eighteen percent (18%) of the Combination Consideration to be issued to each shareholder in exchange for issued and outstanding shares of Wood capital stock immediately prior to the Effective Time.

Escrowed Shares shall have the meaning assigned to such term in Section 2.3.