Creation of Escrow Fund. There is hereby created and established with the Escrow Trustee a special and irrevocable escrow fund designated “1993 Series B Escrow Fund” (the "Escrow Fund") to be held in the custody of the Escrow Trustee in trust under this Agreement Regarding Redemption for the benefit of the beneficial owners of the 1993 Series B Bonds. Moneys and securities on deposit in the Escrow Fund shall be held in the custody of the Escrow Trustee solely for the benefit of the owners of the 1993 Series B Bonds. Except to the extent of any excess to be released as provided in Section 12 hereof, neither the Authority nor the Successor Agency shall have any interest in the funds or investments held in the Escrow Fund. The moneys and securities held hereunder shall be irrevocably pledged and set aside for the payment of the 1993 Series B Bonds and the 1993 Series B Loan Agreements as provided in Section 6 hereof.
Creation of Escrow Fund. There is hereby created and established with the Escrow Agent the following special and irrevocable separate trust fund to be held in the custody of the Escrow Agent and designated as the “Escrow Fund for the City of Sedalia, Missouri Tax Exempt Refunding and Improvement Certificates of Participation, Series 2010A” (the “Escrow Fund”).
Creation of Escrow Fund. There is hereby created and established with the Trustee/Escrow Agent a special and irrevocable escrow fund designated “Los Angeles County Metropolitan Transportation Authority, Proposition C Sales Tax Revenue Refunding Bonds, Senior Bonds, Series 2009-E Escrow Fund” (herein referred to as the “Escrow Fund”) to be held in the custody of the Trustee/Escrow Agent in trust under this Escrow Agreement for the benefit of the owners of the Refunded Bonds. Except as otherwise provided in Section 5 hereof, the Authority shall have no interest in the funds held in the Escrow Fund.
Creation of Escrow Fund. At or promptly after the Effective Time, the Shareholder Representatives shall instruct the Exchange Agent to deposit with the Escrow Holder certificates representing those shares of Purchaser Common Stock required to be so deposited pursuant to Section 2.4 of the Agreement. Purchaser and the Holders agree that any other securities, which thereafter are to become part of the Escrow Fund as provided in Section 1.3 of this Escrow Agreement, shall be promptly deposited with the Escrow Holder upon receipt by or on behalf of the Holders, and receipt by the Escrow Holder on behalf of the Holders shall be deemed receipt by the Holders. Certificates representing securities deposited in the Escrow Fund shall be accompanied by separate stock powers endorsed in blank by the Shareholder Representatives on behalf of the Holders.
Creation of Escrow Fund. SECTION 1.1. Contemporaneous with the execution of this Escrow Agreement, Parent shall deposit at Closing a portion of the Parent Common Stock equal in value to Four Million Two Hundred and Fifty Thousand Dollars ($4,250,000), with the Escrow Agent, such deposit to constitute an escrow fund (the "Escrow Fund") to be governed by the terms set forth herein. Upon compliance with the terms hereof, Parent shall be entitled to receive payment from the Escrow Fund in the form of shares of Parent Common Stock for all Losses for which Parent is entitled to indemnification under the Agreement and Plan of Merger.
Creation of Escrow Fund. There is hereby created and established with the Escrow Agent a special and irrevocable escrow fund designated the “[ ] Escrow Fund” to be held in the custody of the Escrow Agent under this Escrow Agreement for the benefit of the owners of the Refunded Bonds. Except as otherwise provided in Section 7 hereof, the Department shall have no interest in the funds or investments held in the [ ] Escrow Fund.
Creation of Escrow Fund. (a) There is hereby created a special trust fund to be known as the “Acquisition Account” (the “Escrow Fund”) to be held in trust by the Escrow Agent for the purposes stated herein, for the benefit of Lessor and Lessee, to be held, disbursed and returned in accordance with the terms hereof.
Creation of Escrow Fund. There is hereby created and established with the Escrow Agent the following special and irrevocable separate trust fund to be held in the custody of the Escrow Agent and designated as follows: the “2023 Escrow Fund for the Rockwood R-VI School District, St. Louis County, Missouri, General Obligation Bonds, Series 2018” (the “Escrow Fund”). The Escrow Fund created hereby shall be irrevocable. The holders of the Escrowed Bonds are hereby given an express lien on and security interest in the Escrowed Securities and the cash in the Escrow Fund and all earnings thereon until used and applied in accordance with this Agreement. The matured principal of and earnings on the Escrowed Securities and any cash in the Escrow Fund are hereby pledged and assigned and except as otherwise provided herein shall be applied solely for the payment of the principal of and interest on the Escrowed Bonds.
Creation of Escrow Fund. The Escrow Agent is hereby directed to establish a special escrow fund to be designated as the “Mt. Diablo Unified School District Escrow Fund” (the “Escrow Fund”), into which the Escrow Agent shall deposit proceeds of the Bonds in the amount of $ (the “Escrow Deposit”). Initially, with the exception of a $ portion of] the Escrow Deposit which shall remain uninvested in cash, the Escrow Agent agrees to purchase securities as described on Schedule B hereto. The Escrow Agent is hereby irrevocably directed by the District to make the deposit and investments as set forth hereinabove.
Creation of Escrow Fund. (a) Parent herewith deposits with Escrow Agent one stock certificate for each of the Messrs. Pilevsky and Xxxxx representing 31,586 and 30,347 Parent Shares respectively issued in the name of the Escrow Agent (the "Escrow Shares"). Other than cash dividends or distributions paid by Parent with respect to the Escrow Shares (which shall be delivered by Parent to the Shareholders), in the event of distribution during the term of this Agreement on or with respect to the Escrow Shares, whether in cash, property, evidences of indebtedness, securities, rights or options, and whether by way of a dividend, stock split, reclassification, recapitalization, redemption or other distribution, or in connection with any merger, share exchange, consolidation or other transaction in which the Escrow Shares are exchanged for or converted into the cash, property, evidences of indebtedness, securities, rights or options of Parent or any other person or entity, such cash, property, evidences of indebtedness, securities, rights or option shall be delivered to Escrow Agent and shall be held and administered along with the Escrow Shares as herein provided. The Escrow Shares, together with all cash, property, evidences of indebtedness, securities, rights or options distributed on or with respect to the Escrow Shares and delivered to the Escrow Agent as herein provided, are herein referred to as the "Escrow Fund."
