Common use of Release from Escrow of New Securities Clause in Contracts

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 25 contracts

Sources: Escrow Agreement, Escrow Agreement, Escrow Agreement

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.57.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5;7.5; and (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.7.5; and (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (43) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (43) If the Issuer is a Tier 2 Issuer Issuer, and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 21 contracts

Sources: Escrow Agreement (Flowr Corp), CPC Escrow Agreement (Zomedica Pharmaceuticals Corp.), CPC Escrow Agreement (Zomedica Pharmaceuticals Corp.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.57.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5;7.5; and (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.7.5; and (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (43) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (43) If the Issuer is a Tier 2 Issuer Issuer, and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 4 contracts

Sources: CPC Escrow Agreement (NiMin Energy Corp.), CPC Escrow Agreement (Med BioGene Inc.), CPC Escrow Agreement

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5;; (as at August 2002) (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.; and (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 2 contracts

Sources: Escrow Agreement (Us Geothermal Inc), Escrow Agreement (Us Geothermal Inc)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.. FORM 5D ESCROW AGREEMENT Page 13

Appears in 2 contracts

Sources: Escrow Agreement (Alpha Cognition Inc.), Escrow Agreement (Alpha Cognition Inc.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.42.3. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 2 contracts

Sources: Escrow Agreement, Escrow Agreement (MANAS PETROLEUM Corp)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.42.4.2.3. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.; and (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement (Oragenics Inc)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(43.1(3) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to signsign -------------------------------------------------------------------------------- FORM 5D ESCROW AGREEMENT Page 8 (as at August 2002) (i) stating that it is a successor issuer to the Issuer as a result of a business combination; ; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; ; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; ; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.; and (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply. .

Appears in 1 contract

Sources: Escrow Agreement (TLC Ventures Corp)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5;; -------------------------------------------------------------------------------- FORM 5D ESCROW AGREEMENT PAGE 11 (AS AT AUGUST 2002) (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.; and (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Surplus Security Escrow Agreement (Centrasia Mining Corp.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.. (as at June 14, 2010)

Appears in 1 contract

Sources: Escrow Agreement (Premium Nickel Resources Ltd.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.. (as at June 14, 2010) (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement (KWESST Micro Systems Inc.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination;; (as at June 14, 2010) (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement (Premium Nickel Resources Ltd.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged.. 8 (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement (Vuzix Corp)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives:. (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.; and (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement (Response Biomedical Corp)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.; and -------------------------------------------------------------------------------- FORM 5D ESCROW AGREEMENT PAGE 11 (AS AT AUGUST 2002) (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply. .

Appears in 1 contract

Sources: Value Security Escrow Agreement (Centrasia Mining Corp.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement (KWESST Micro Systems Inc.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.57.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5;7.5; and (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.7.5; and (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (43) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (43) If the Issuer is a Tier 2 Issuer Issuer, and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement (KWESST Micro Systems Inc.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.; and (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.. -------------------------------------------------------------------------------- FORM 5D ESCROW AGREEMENT PAGE 13 (AS AT AUGUST 2002)

Appears in 1 contract

Sources: Escrow Agreement (LMS Medical Systems Inc)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; ; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; ; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.; and (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply. .

Appears in 1 contract

Sources: Escrow Agreement (TLC Ventures Corp)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s 's new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.55.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.55.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5.5.5; and (2) The escrow securities of the Securityholders, Securityholders whose securities are not subject to escrow under section 6.55.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.

Appears in 1 contract

Sources: Escrow Agreement (Centrasia Mining Corp.)

Release from Escrow of New Securities. (1) The Escrow Agent will send to a Securityholder share certificates or other evidence of the Securityholder’s new securities as soon as reasonably practicable after the Escrow Agent receives: (a) a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign (i) stating that it is a successor issuer to the Issuer as a result of a business combination; (ii) containing a list of the securityholders whose new securities are subject to escrow under section 6.5; (iii) containing a list of the securityholders whose new securities are not subject to escrow under section 6.5; (b) written confirmation from the Exchange that it has accepted the list of Securityholders whose new securities are not subject to escrow under section 6.5. (2) The escrow securities of the Securityholders, whose securities are not subject to escrow under section 6.5, will be released, and the Escrow Agent will send any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent in accordance with section 2.4. (3) If your new securities are subject to escrow, unless subsection (4) applies, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. (4) If the Issuer is a Tier 2 Issuer and the successor issuer is a Tier 1 Issuer, the release provisions in section 3.1(4) relating to graduation will apply.. (as at June 14, 2010)

Appears in 1 contract

Sources: Escrow Agreement (Respect Your Universe, Inc.)