Common use of Release of Escrow Securities Clause in Contracts

Release of Escrow Securities. When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.

Release of Escrow Securities. (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes. (2) If an emerging issuer becomes an established issuer 18 months or more after its listing date, all escrow securities will be released immediately.