Common use of Designated Cash Proceeds Received Prior to Closing Clause in Contracts

Designated Cash Proceeds Received Prior to Closing. AIG shall deposit, or cause to be deposited, all Designated Cash Proceeds received by AIG or any Guarantor or Pledgor (as such terms are defined in the Intercompany Guarantee and Pledge Agreement) prior to the Closing into an escrow account (the “Designated Cash Proceeds Escrow Account”) with the FRBNY to be held in escrow on the following terms:

Appears in 6 contracts

Samples: Master Transaction Agreement, Master Transaction Agreement, Master Transaction Agreement

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