Common use of Disposition and Termination Clause in Contracts

Disposition and Termination. (a) The Escrow Agent shall administer the Escrow Shares in accordance with written instructions provided by______________ to the Escrow Agent to release the Escrow Shares, or any portion thereof, as set forth in such instruction. The Escrow Agent shall make distributions of the Escrow Shares only in accordance with a written instruction. (b) Upon the delivery of all the Escrow Shares by the Escrow Agent in accordance with the terms of this Agreement and instructions, this Agreement shall terminate, subject to the provisions of Section 6.

Appears in 2 contracts

Sources: Merger Agreement (DFP Healthcare Acquisitions Corp.), Stockholder Support Agreement (DFP Healthcare Acquisitions Corp.)

Disposition and Termination. (a) The Escrow Agent shall administer the Escrow Shares in accordance with written instructions jointly provided by______________ by Pubco and the SPAC Representative to the Escrow Agent to release the Escrow Shares, or any portion thereof, as set forth in such instruction. The Escrow Agent shall make distributions of the Escrow Shares only in accordance with a written instruction. (b) Upon the delivery of all the Escrow Shares by the Escrow Agent in accordance with the terms of this Agreement and instructions, this Agreement shall terminate, subject to the provisions of Section 6.

Appears in 2 contracts

Sources: Share Escrow Agreement (PS International Group Ltd.), Share Escrow Agreement (AIB Acquisition Corp)

Disposition and Termination. (a) The Escrow Agent shall administer the Escrow Shares in accordance with written instructions provided by______________ by the Company to the Escrow Agent to release the Escrow Shares, or any portion thereof, as set forth in such instruction. The Escrow Agent shall make distributions of the Escrow Shares only in accordance with a written instruction. (b) Upon the delivery of all the Escrow Shares by the Escrow Agent in accordance with the terms of this Agreement and such written instructions, this Agreement shall terminate, subject to the provisions of Section 6.

Appears in 1 contract

Sources: Bonus Shares Escrow Agreement (GCL Global Holdings LTD)

Disposition and Termination. (a) The Escrow Agent shall administer the Escrow Shares in accordance with written instructions provided by______________ by [ ] to the Escrow Agent to release the Escrow Shares, or any portion thereof, as set forth in such instruction. The Escrow Agent shall make distributions of the Escrow Shares only in accordance with a written instruction. (b) Upon the delivery of all the Escrow Shares by the Escrow Agent in accordance with the terms of this Agreement and instructions, this Agreement shall terminate, subject to the provisions of Section 6.

Appears in 1 contract

Sources: Merger Agreement (Cleantech Acquisition Corp.)

Disposition and Termination. (a) The Escrow Agent shall administer the Escrow Shares in accordance with written instructions provided by______________ by the Company to the Escrow Agent to release the Escrow Shares, or any portion thereof, as set forth in such instruction. The Escrow Agent shall make distributions of the Escrow Shares only in accordance with a written instruction. (b) Upon the delivery of all the Escrow Shares by the Escrow Agent in accordance with the terms of this Agreement and instructions, this Agreement shall terminate, subject to the provisions of Section 6.

Appears in 1 contract

Sources: Share Escrow Agreement (GCL Global Holdings LTD)

Disposition and Termination. (a) The Escrow Agent shall administer the Escrow Shares in accordance with joint written instructions instruction signed by Buyer and Seller and provided by______________ to the Escrow Agent to release the Escrow Shares, or any portion thereof, as set forth in such instruction. The Escrow Agent shall make distributions of the Escrow Shares only in accordance with a joint written instruction. (b) Upon the delivery of all the Escrow Shares by the Escrow Agent in accordance with the terms of this Agreement and instructions, this Agreement shall terminate, subject to the provisions of Section 6.

Appears in 1 contract

Sources: Share Escrow Agreement (BurgerFi International, Inc.)

Disposition and Termination. (a) The Escrow Agent shall administer the Escrow Shares in accordance with written instructions provided by______________ by Tuatara to the Escrow Agent to release the Escrow Shares, or any portion thereof, as set forth in such instruction. The Escrow Agent shall make distributions of the Escrow Shares only in accordance with a written instruction. (b) Upon the delivery of all the Escrow Shares by the Escrow Agent in accordance with the terms of this Agreement and instructions, this Agreement shall terminate, subject to the provisions of Section 6.

Appears in 1 contract

Sources: Share Escrow Agreement (SpringBig Holdings, Inc.)