Construction Escrow Agreement. Landlord and Tenant hereby acknowledge and agree that the "Construction Escrow Agreement" as contemplated under Section 3.6 of the Lease shall be in the form and content of that attached to this Amendment as Exhibit "B" and made a part hereof, subject to such modifications thereto as shall be mutually and reasonably agreed to by and among Landlord, Tenant and Mortgagee in order to accommodate the specific agreements set forth in Section 3.6 of the Lease and set forth in that certain Tri-Party Agreement (herein so called) dated of even date with the Lease and executed by and among Landlord, Tenant and Mortgagee. Landlord and Tenant (and, by its consent hereto, Mortgagee) each agree to endeavor in good faith to agree upon such modifications and to execute and deliver to one another counterparts of said Construction Escrow Agreement on or before September 15, 1997; provided, that if Landlord, Tenant and Mortgagee are unable to mutually agree upon and execute said Construction Escrow Agreement on or before September 15, 1997, then, until such time as said Construction Escrow Agreement is agreed upon and executed by said parties, it is agreed that Section 3.6 of the Lease and any applicable provisions of the Tri-Party Agreement shall be during such period deemed amended to eliminate the requirement of such Construction Escrow Agreement and Tenant shall be entitled to disbursement of the Tenant Improvement Allowance during such period upon delivery to Landlord and Mortgagee of the information and materials otherwise required (under Section 3.6 of the Lease and under the Tri-Party Agreement) to be delivered to the Construction Escrowee.

Construction Escrow Agreement. A construction loan escrow agreement to be prepared by counsel for Lender establishing a construction escrow (“Construction Escrow”) with an escrowee satisfactory to Lender through which all advances of the Loan for construction costs will be disbursed, which Construction Escrow shall require delivery to Lender and the Title Insurance Company prior to each Construction Disbursement of such documents regarding the Construction Disbursement as Lender and Title Insurance Company may require, including, without limitation, the documents specified in Section 6.3 hereof.

Construction Escrow Agreement. That certain Construction Escrow Agreement dated as of the date hereof by and among Landlord, Tenant and Lawyers Title Insurance Corporation.

Construction Escrow Agreement. The Construction Escrow Agreements.

Construction Escrow Agreement. At Closing, Seller, Purchaser and the Title Company shall enter into an escrow agreement in the form of Exhibit J whereby Seller shall deposit into an escrow account held by the Title Company 125% of the amount by which the Unpaid TI Amount plus the cost of the Punch List Items (as defined in Exhibit B to the Tenant Lease) exceeds the amount retained as Escrow Funds (as defined in the Disbursement Agreement) under the Disbursement Agreement as of the date that is three (3) Business Days prior to the Closing Date (the "Construction Escrow Agreement").

Construction Escrow Agreement. A copy of the executed Construction Escrow Agreement by and between the Title Company, Borrowers, Lender and the Contractors.

Related to Construction Escrow Agreement

Indemnity Escrow Agreement Sellers shall have executed and delivered to Buyer the Indemnity Escrow Agreement.
Escrow Agreement Purchaser and the Escrow Agent shall have executed and delivered the Escrow Agreement.
Indemnification Escrow Agreement A counterpart of the Indemnification Escrow Agreement executed by Buyer;
Construction, Etc Each covenant contained herein shall be construed (absent express provision to the contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such an express contrary provision) be deemed to excuse compliance with any other covenant. Where any provision herein refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person. For the avoidance of doubt, all Schedules and Exhibits attached to this Agreement shall be deemed to be a part hereof.
Termination of the Escrow Agreement This Agreement, except for Sections 7 and 11 hereof, which shall continue in effect, shall terminate upon written notice from the Company to the Escrow Agent. Unless otherwise provided, final termination of this Agreement shall occur on the date that all funds held in the Escrow Account are distributed either (a) to the Company or to subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account or (b) to a successor escrow agent upon written instructions from the Company.
Escrow Agreements The parties hereto agree that, to the extent required by applicable law, they shall enter into and file with appropriate jurisdictions any escrow agreements or similar contractual arrangements with respect to the taxes covered by this Agreement. The terms of such agreements shall, to the extent set forth therein, and with respect to the parties thereto, prevail over the terms of this Agreement.
Initial Escrow Amount; Issuance of Escrow Receipts The Escrow Agent hereby directs the Underwriters to, and the Underwriters hereby acknowledge that on the date hereof they shall, irrevocably deliver to the Depositary on behalf of the Escrow Agent, an amount in U.S. dollars ("Dollars") and immediately available funds equal to $56,000,000 for deposit on behalf of the Escrow Agent with the Depositary in accordance with Section 2.1 of the Deposit Agreement. The Underwriters hereby instruct the Escrow Agent, upon receipt of such sum from the Underwriters, to confirm such receipt by executing (by manual or facsimile signature) and delivering to the Pass Through Trustee an Escrow Receipt in the form of Exhibit A hereto (an "Escrow Receipt"), (a) to be affixed by the Pass Through Trustee to each Certificate and (b) to evidence the same percentage interest ("Escrow Interest") in the Account Amounts (as defined below) as the Fractional Undivided Interest in the Pass Through Trust evidenced by the Certificate to which it is to be affixed. The Escrow Agent shall provide to the Pass Through Trustee for attachment to each Certificate newly issued under and in accordance with the Pass Through Trust Agreement an executed Escrow Receipt as the Pass Through Trustee may from time to time request of the Escrow Agent. Each Escrow Receipt shall be registered by the Escrow Agent in a register (the "Register") maintained by the Escrow Agent in the same name and same manner as the Certificate to which it is attached and may not thereafter be detached from such Certificate to which it is to be affixed prior to the distribution of the Final Withdrawal (the "Final Distribution"). After the Final Distribution, no additional Escrow Receipts shall be issued and the Pass Through Trustee shall request the return to the Escrow Agent for cancellation of all outstanding Escrow Receipts.
Termination of Escrow Agreement The Escrow Agent's responsibilities thereunder shall terminate at such time as the Escrow Fund shall have been fully disbursed pursuant to the terms hereof, or upon earlier termination of this escrow arrangement pursuant to written instructions executed by the non-bank Party. Such written notice of earlier termination shall include instruction to the Escrow Agent for the distribution of the Escrow Fund.
Escrow Account The Master Servicer may, from time to time, withdraw from the Escrow Account for the following purposes:
Disbursement of Escrow Funds (a) Subject to Section 3(b) and Section 10, NCPS shall promptly disburse in accordance with the Instruction Letter the liquidated value of the Escrow Funds from the Escrow Account to Issuer by wire transfer no later than one Business Day following receipt of the following documents:

Construction Escrow Agreement Sample Clauses

Filter & Search

Related Clauses

Parent Clauses

Related to Construction Escrow Agreement