Dividends on Escrow Securities Sample Clauses
The "Dividends on Escrow Securities" clause defines how dividends or other distributions generated by securities held in escrow are handled during the escrow period. Typically, this clause specifies whether such dividends are to be paid to the seller, the buyer, or retained in the escrow account until certain conditions are met, such as the completion of a transaction or the resolution of a dispute. By clarifying the treatment of income generated by escrowed securities, this clause ensures transparency and prevents disagreements over entitlement to dividends during the escrow period.
Dividends on Escrow Securities. You may receive a dividend or other distribution on your escrow securities, and elect the manner of payment from the standard options offered by the Issuer. If the Escrow Agent receives a dividend or other distribution on your escrow securities, other than additional escrow securities, the Escrow Agent will pay the dividend or other distribution to you on receipt.
Dividends on Escrow Securities. Each Securityholder may receive a dividend or other distribution on its escrow securities, and elect the manner of payment from the standard options offered by the Issuer. If the Escrow Agent receives a dividend or other distribution on a Securityholder’s escrow securities, the Escrow Agent will pay the dividend or other distribution to such Securityholder on receipt. Nothing in this Agreement or in the SEA shall prevent a Securityholder from receiving dividends of the Issuer, if declared, even if such escrow securities a Securityholder holds are still subject to restriction and escrow pursuant to Sections 3.1(a) and (b) of this Agreement.
Dividends on Escrow Securities. Securityholders may receive a dividend or other distribution on their Escrow Securities, and elect the manner of payment from the standard options offered by the Issuer. If the Escrow Agent receives a dividend or other distribution on a Securityholder's Escrow Securities, other than Additional Escrow Securities, the Escrow Agent will pay the dividend or other distribution to the Securityholder on receipt.
Dividends on Escrow Securities. You may receive a dividend or other distribution on your escrow securities, and elect the manner of payment from the standard options offered by the Issuer. If the Escrow Agent receives a dividend or -------------------------------------------------------------------------------- FORM 5D ESCROW AGREEMENT PAGE 5 (AS AT AUGUST 2002) other distribution on your escrow securities, other than additional escrow securities, the Escrow Agent will pay the dividend or other distribution to you on receipt.
Dividends on Escrow Securities. Petrovic may receive a dividend or other distribution on Petrovic's escrow securities, and elect the manner of payment from the standard options offered by the Issuer. If the Escrow Agent receives a dividend or other distribution on Petrovic's escrow securities, other than additional escrow securities, the Escrow Agent will pay the dividend or other distribution to Petrovic on receipt.