Release of Escrow Securities. (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.
Release of Escrow Securities. 2.1 Release Schedule for an Established Issuer
Release of Escrow Securities. Escrow securities will not be released under this Part until the Issuer has delivered to the Escrow Agent a certificate specifying the release schedule, and any other information which the Escrow Agent reasonably requires.
Release of Escrow Securities. On *_____________, 2002, the date the Issuer's securities are listed on a Canadian exchange (the listing date) 1/6 of your escrow securities Three months after the listing date 1/5 of your remaining escrow securities Six months after the listing date 1/4 of your remaining escrow securities Nine months after the listing date 1/3 of your remaining escrow securities 12 months after the listing date 1/2 of your remaining escrow securities 15 months after the listing date your remaining escrow securities
Release of Escrow Securities. (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.
(2) If an emerging issuer becomes an established issuer 18 months or more after its listing date, all escrow securities will be released immediately.
(3) If an emerging issuer becomes an established issuer within 18 months after its listing date, all escrow securities that would have been released to that time, if the Issuer was an established issuer on its listing date, will be released immediately. Remaining escrow securities will be released in equal installments on the day that is 6 months, 12 months and 18 months after the listing date.
Release of Escrow Securities. 2.1 Intentionally Deleted
Release of Escrow Securities. The Escrow Securities shall be released by the Escrow Agent in accordance with the following. For the avoidance of doubt, the Escrow Agent will confirm receipt of any notice or correspondence within two (2) hours' of receipt and if no confirmation is received by either the Company or the Lead Investor, the Company shall telephonically advise the Escrow Agent of the prior delivery of such notice or correspondence:
Release of Escrow Securities. 2.1 RELEASE SCHEDULE FOR AN ESTABLISHED ISSUER If the Issuer is an ESTABLISHED ISSUER (as defined in section 3.3 of the Policy) and you have not sold any escrow securities in a permitted secondary offering, your escrow securities will be released as follows: On ________, 2___, the date the Issuer's 1/4 of your escrow securities securities are listed on a Canadian exchange (THE LISTING DATE) 6 months after the listing date 1/3 of your remaining escrow securities 12 months after the listing date 1/2 of your remaining escrow securities 18 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the escrow securities initially deposited and no additional escrow securities, then the release schedule outlined above results in the escrow securities being released in equal tranches of 25%.
Release of Escrow Securities. 3.1. Subject to any other release or cancellation under this Agreement, the Escrow Securities are to be released from escrow upon the achievement of certain milestones by the Purchaser (the “Milestones”). Schedule “A” to this Agreement sets forth the applicable Milestones and the percentage or number of Escrow Securities to be released from escrow upon the achievement of each such Milestone. In Schedule “A”, the percentage figure for the percent of Escrow Securities to be released from escrow upon the achievement of a particular Milestone represents the percent of the original number of Escrow Securities (as may be adjusted from time to time to account for any subdivision, consolidation, stock dividend, reclassification, or other like change affecting the Purchaser’s common share capital subsequent to the Effective Time (each such change, a “Capital Change”)) as opposed to the percent of the Escrow Securities remaining in escrow at the time of achievement of such Milestone. In respect of the release from escrow pursuant to the Escrow Agreements of any Milestone Shares, whether upon the Achievement of any Milestone or otherwise, the Milestone Shares shall be released from escrow to the Escrow Holders (including the Shareholder) on a pro-rata basis. Notwithstanding the occurrence of any or all of the Milestones, in no event shall the number of Milestone Shares releasable in the aggregate to all Escrow Shareholders exceed 1,388,889 (subject to adjustment from time to time to account for any Capital Change).
Release of Escrow Securities. Your Escrow Securities will be released as follows: on the listing date 1/2 of your Escrow Securities 3 months after the listing date 1/4 of your remaining Escrow Securities 6 months after the listing date 1/3 of your remaining Escrow Securities 9 months after the listing date 1/2 of your remaining Escrow Securities 12 months after the listing date Your remaining Escrow Securities
