Common use of Release of Escrow Securities to Depositary Clause in Contracts

Release of Escrow Securities to Depositary. (1) The Escrow Agent will release from escrow the tendered escrow securities provided that: (a) you provide written notice to Big Flash of the proposed release of the tendered securities; and (b) the Escrow Agent and Big Flash receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that