Common use of Escrow Account Statement Clause in Contracts

Escrow Account Statement. Each month, the Escrow Agent shall deliver to the Company and the Trustee a statement in a form satisfactory to the Company and the Trustee setting forth with reasonable particularity the balance of funds then in the Escrow Account and the manner in which such funds are invested. The parties hereto irrevocably instruct the Escrow Agent that on the first date upon which the balance in the Escrow account is reduced to zero, the Escrow Agent shall deliver to the Company and to the Trustee a notice that the balance in the Escrow Account has been reduced to zero.

Escrow Account Statement. Each month, the Escrow Agent shall deliver to the Company and the Trustee Purchaser a statement in a form satisfactory to the Company and the Trustee Purchaser setting forth with reasonable particularity the balance of funds then in the Escrow Account and the manner in which such funds are invested. The parties hereto irrevocably instruct the Escrow Agent that on the first date upon which the balance in the Escrow account is reduced to zero, the Escrow Agent shall deliver to the Company and to the Trustee Purchaser a notice that the balance in the Escrow Account has been reduced to zero.

Escrow Account Statement. Each month, the Escrow Agent shall deliver to the Company and the Trustee a statement in a form satisfactory to the Company and the Trustee setting forth with in reasonable particularity detail the balance of funds then in the Escrow Account and the manner in which such funds are invested. The parties hereto irrevocably instruct the Escrow Agent that on the first date upon which the balance in that the Escrow account Account (including the holdings all U.S. Treasury Securities) is reduced to zero, the Escrow Agent shall deliver deliver, on such date, to the Company and to the Trustee a notice that the balance in the Escrow Account has been reduced to zero.