Termination of Escrow. This Escrow Agreement shall begin upon the date hereof and shall terminate upon the earlier of (i) the conversion of the full amount of the Debentures; (ii) the Expiration Date of the Warrants; or (iii) the Maturity Date of the Debentures. Upon the termination of the Escrow Agreement, the Escrow Agent shall return any unconverted Debenture Escrow Shares to the Company.
Appears in 3 contracts
Sources: Debenture and Warrant Shares Escrow Agreement (Invu Inc), Debenture and Warrant Shares Escrow Agreement (Surgilight Inc), Debenture and Warrant Shares Escrow Agreement (Surgilight Inc)
Termination of Escrow. This The term of this Escrow Agreement shall begin upon the date hereof and shall terminate continue until terminated upon the earlier to occur of (i) the full conversion of the full amount of the Debentures; Debentures (ii) the Expiration Maturity Date of (as defined in the Warrants; or Debentures), and (iii) the Maturity Date written agreement of the Debenturesparties to terminate this Agreement. Upon the termination of the this Escrow Agreement, the Escrow Agent shall return any unconverted Debenture Escrow Shares of the Consideration then held by it to the CompanyCompany pursuant to the Purchase Agreement and the other Transaction Documents.
Appears in 2 contracts
Sources: Convertible Debenture Purchase Agreement (Scores Holding Co Inc), Merger Agreement (Scores Holding Co Inc)
Termination of Escrow. This Escrow Agreement shall begin upon terminate on the --------------------- earlier to occur of (a) the date hereof and shall terminate upon on which the earlier of (i) L/C's are fully drawn by the conversion of Acquiror in accordance with the full amount of the Debentures; (ii) the Expiration Date of the Warrants; or (iii) the Maturity Date of the Debentures. Upon the termination terms of the Escrow Agreement, or (b) the date on which the last L/C held by the Escrow Agent shall return any unconverted Debenture Escrow Shares is returned to the CompanyShareholders.
Appears in 1 contract
Termination of Escrow. This Escrow Agreement shall begin upon the date hereof and shall terminate upon --------------------- the earlier to occur of (i) the conversion of the full amount of the Debentures; Expiration Date, as it may be extended, and (ii) the Expiration Date final distribution of the Warrants; or (iii) the Maturity Date of the Debentures. Upon Escrowed Shares and the termination of the Escrow Agreement, the Escrow Agent shall return any unconverted Debenture Escrow Shares to the CompanyAccount in accordance with Section 3.3 or 3.4 hereof.
Appears in 1 contract
Termination of Escrow. This Escrow Agreement shall begin upon the date hereof and shall terminate either pursuant to Section 2(a) or (d) or upon the earlier of (i1) the conversion of the full amount of the Debentures; (ii) Debentures and the Expiration Date exercise of the total number of Warrants; or (iii11) the Maturity Date of the Debentures. Upon the termination of the Escrow Agreement, the Escrow Agent shall return any unconverted Debenture Escrow Shares or unexercised Warrant Escrow Shares to the Company.
Appears in 1 contract
Sources: Escrow Agreement (Accord Advanced Technologies Inc)