Common use of Escrow Account Statement Clause in Contracts

Escrow Account Statement. Each month, the Escrow Agent shall deliver to the Guarantor and the Trustee a statement signed by the Escrow Agent in a form satisfactory to the Guarantor 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 "Escrow Account Statement"). The parties hereto irrevocably instruct the Escrow Agent that on the first date upon which the balance in the Escrow Account (including the holdings of all Temporary Cash Investments) is reduced to zero, the Escrow Agent shall deliver to the Guarantor 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 Guarantor Company and the Trustee a statement signed by of the Escrow Agent in a form satisfactory to the Guarantor 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 have been and are invested (the "Escrow Account StatementState- 7 -7- ment"). The parties hereto irrevocably instruct the Escrow Agent that on the first date upon which the balance in the Escrow Account (including the holdings of all Temporary Cash InvestmentsMarketable Securities) is reduced to zero, the Escrow Agent shall deliver to the Guarantor Company and to the Trustee a written 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 Guarantor Company and the Trustee a statement signed by the Escrow Agent in a form satisfactory to the Guarantor 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 "Escrow Account Statement"). The parties hereto irrevocably instruct the Escrow Agent that on the first date upon which the balance in the Escrow Account (including the holdings of all Temporary Cash InvestmentsMarketable Securities) is reduced to zero, the Escrow Agent shall deliver to the Guarantor 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 Guarantor Note Issuers and the Trustee a statement signed by the Escrow Agent in a form reasonably satisfactory to the Guarantor Note Issuers 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 an "Escrow Account Statement"). The parties hereto irrevocably instruct the Escrow Agent that on the first date upon which the balance in the Escrow Account (including the holdings of all Temporary Cash InvestmentsEquivalents) is reduced to zero, the Escrow Agent shall deliver to the Guarantor Note Issuers and to the Trustee a notice that the balance in the Escrow Account has been reduced to zero.