Common use of Delivery to Escrow Agent Clause in Contracts

Delivery to Escrow Agent. Each Securityholder may tender its escrow securities to a person or company in a business combination. At least five business days prior to the date the escrow securities must be tendered under the Business Combination, each Securityholder must deliver to the Escrow Agent: (a) a written direction signed by such Securityholder that directs the Escrow Agent to deliver to the depositary under the Business Combination any share certificates or other evidence of the escrow securities, and a completed and executed cover letter or similar document and, where required, transfer power of attorney completed and executed for transfer in accordance with the requirements of the Issuer’s depository, and any other documentation specified or provided by such Securityholder and required to be delivered to the depositary under the Business Combination; (b) written consent of the Issuer; and (c) any other information concerning the Business Combination as the Escrow Agent may reasonably require.

Appears in 1 contract

Sources: Share Exchange Agreement

Delivery to Escrow Agent. Each Securityholder may tender its escrow securities to a person or company in a business combinationBusiness Combination. At least five (5) business days prior to the date the escrow securities must be tendered under the Business Combination, each Securityholder must deliver to the Escrow Agent: (a) a written direction signed by such Securityholder that directs the Escrow Agent to deliver to the depositary under the Business Combination any share certificates or other evidence of the escrow securities, and a completed and executed cover letter or similar document and, where required, transfer power of attorney completed and executed for transfer in accordance with the requirements of the Issuer’s depository, and any other documentation specified or provided by such Securityholder and required to be delivered to the depositary under the Business Combination; (b) written consent of the Issuer; and (cb) any other information concerning the Business Combination as the Escrow Agent may reasonably require.

Appears in 1 contract

Sources: Share Exchange Agreement