Deposit of Escrow Securities. On or before the Effective Date, each of the Initial Stockholders shall deliver to the Escrow Agent certificates representing his respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. Each Initial Stockholder acknowledges that the certificate representing his Escrow Securities is legended to reflect the deposit of such Escrow Securities under this Agreement.
Appears in 6 contracts
Sources: Securities Escrow Agreement (Staccato Acquisition Corp.), Securities Escrow Agreement (Gabelli Entertainment & Telecommunications Acquisition Corp.), Securities Escrow Agreement (Gabelli Entertainment & Telecommunications Acquisition Corp.)
Deposit of Escrow Securities. On or before the Effective Date, each of the Initial Stockholders Existing Shareholders shall deliver to the Escrow Agent certificates a certificate representing his their respective Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. Each Initial Stockholder acknowledges The Existing Shareholders acknowledge that the certificate certificates representing his their respective Escrow Securities is are legended to reflect the deposit of such Escrow Securities under this Agreement.
Appears in 4 contracts
Sources: Securities Escrow Agreement (ChinaGrowth South Acquisition CORP), Securities Escrow Agreement (ChinaGrowth North Acquisition CORP), Securities Escrow Agreement (ChinaGrowth South Acquisition CORP)