Deposit of Escrow Securities. On or before the Effective Date, the Sponsor shall deliver to the Escrow Agent a certificate representing its Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. The Sponsor acknowledges that the certificates representing its Escrow Securities are legended to reflect the deposit of such Escrow Securities under this Agreement.
Appears in 2 contracts
Sources: Securities Escrow Agreement (Cazador Acquisition Corp Ltd.), Securities Escrow Agreement (Cazador Acquisition Corp Ltd.)
Deposit of Escrow Securities. On or before the Effective Date, the Sponsor shall deliver to the Escrow Agent a certificate certificates representing its the Escrow Securities, to be held and disbursed subject to the terms and conditions of this Agreement. The Sponsor acknowledges and agrees that the certificates representing its the Escrow Securities are legended to reflect the deposit of such Escrow Securities under this Agreement.
Appears in 1 contract
Sources: Securities Escrow Agreement (K Road Acquisition CORP)