Common use of Escrow Authorization Clause in Contracts

Escrow Authorization. Each Holder, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including related documents thereto, as the same may be in effect or may be amended from time to time in accordance with the terms thereof, and authorizes and directs the Trustee to enter into the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each of the Escrow Issuer and Scripps shall do or cause to be done all such acts and things as may be necessary or proper or as may be required by the provisions of the Escrow Agreement, as from time to time in effect, so as to render the same available for the security and benefit of this Indenture and of the Notes, according to the intent and purpose herein expressed. Each of the Escrow Issuer and Scripps shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Company under this Indenture and the Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-priority liens in and on the Escrow Account and all the Escrowed Funds, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the Holders, superior to and prior to the rights of third Persons and subject to no other Liens.

Appears in 2 contracts

Samples: E.W. SCRIPPS Co, E.W. SCRIPPS Co

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Escrow Authorization. Each Holderholder of a Note, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including related documents thereto, as the same may be in effect or may be amended from time to time in accordance with writing by the terms thereofparties thereto, and authorizes and directs the Trustee to enter into the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each of the The Escrow Issuer and Scripps shall do or cause to be done all such acts and things as may be necessary or proper proper, or as may be required by the provisions of the Escrow Agreement, to assure and confirm to the Trustee the security interest contemplated by the Escrow Agreement or any part thereof, as from time to time in effectconstituted, so as to render the same available for the security and benefit of this Indenture and of the Notes, according to the intent and purpose herein expressed. Each of the The Escrow Issuer and Scripps shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Company Escrow Issuer under this Indenture and the Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-priority perfected liens in and on the Escrow Account and all the Escrowed FundsProperty, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the Holdersholders of the Notes, superior to and prior to the rights of third Persons and subject to no other Liens.

Appears in 1 contract

Samples: Supplemental Indenture (MULTI COLOR Corp)

Escrow Authorization. Each HolderHolder of a Note, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including documents related documents thereto, as the same may be in effect or may be amended from time to time in accordance with writing by the terms thereofparties thereto, and authorizes and directs the Trustee to enter into the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each of the The Escrow Issuer and Scripps shall do or cause to be done all such acts and things as may be necessary or proper proper, or as may be required by the provisions of the Escrow Agreement, to assure and confirm to the Trustee the security interest contemplated by the Escrow Agreement or any part thereof, as from time to time in effectconstituted, so as to render the same available for the security and benefit of this Indenture and of the Notes, according to the intent and purpose herein expressed. Each of the The Escrow Issuer and Scripps shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Company Escrow Issuer under this Indenture and the Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-priority liens perfected security interests in and Liens on the Escrow Account and all the Escrowed FundsProperty, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the HoldersHolders of the Notes, superior to and prior to the rights of third Persons and subject to no other Liens.

Appears in 1 contract

Samples: Restricted Notes (Comstock Resources Inc)

Escrow Authorization. Each Holder, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including related documents thereto, as the same may be in effect or may be amended from time to time in accordance with writing by the terms thereofparties thereto, and authorizes and directs the Trustee to enter into acknowledge the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each Each of the Escrow Issuer and Scripps the Company shall do or cause to be done all such acts and things as may be necessary or proper or as may be required by the provisions of the Escrow AgreementAgreement or any part thereof, as from time to time in effectconstituted, so as to render the same available for the security and benefit of this Indenture and of the Notes, according to the intent and purpose herein expressed. Each of the Escrow Issuer and Scripps the Company shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Company Escrow Issuer under this Indenture and the Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-priority liens in and on the Escrow Account and all the Escrowed Funds, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the Holders, superior to and prior to the rights of third Persons and subject to no other Liens.. ARTICLE EIGHT DISCHARGE OF INDENTURE; DEFEASANCE

Appears in 1 contract

Samples: Supplemental Indenture (PGT Innovations, Inc.)

Escrow Authorization. Each Holderholder of a Note, by its acceptance of a an Initial Note, consents and agrees to the terms of the Escrow Agreement, including documents related documents thereto, as the same may be in effect or may be amended from time to time in writing by the parties thereto in accordance with the terms thereofthis Indenture, and authorizes and directs the Trustee to enter into the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each of the The Escrow Issuer and Scripps shall do or cause to be done all such acts and things as may be necessary or proper proper, or as may be required by the provisions of the Escrow Agreement, to assure and confirm to the Trustee the security interest contemplated by the Escrow Agreement or any part thereof, as from time to time in effectconstituted, so as to render the same available for the security and benefit of this Indenture and of the Initial Notes, according to the intent and purpose herein expressed. Each of the The Escrow Issuer and Scripps shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Company Escrow Issuer under this Indenture and the Initial Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-priority perfected liens in and on the Escrow Account and all the Escrowed FundsProperty, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the Holdersholders of the Initial Notes, superior to and prior to the rights of third Persons and subject to no other Liens.

Appears in 1 contract

Samples: Supplemental Indenture (TopBuild Corp)

Escrow Authorization. Each Holder, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including related documents thereto, as the same may be in effect or may be amended from time to time in accordance with writing by the terms thereofparties thereto, and authorizes and directs the Trustee to enter into the Escrow Agreement Agreement, binding the Holders to the terms thereof and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each of the Escrow The Issuer and Scripps shall do or cause to be done all such acts and things as may be necessary or proper proper, or as may be required by the provisions of the Escrow Agreement, to assure and confirm to the Trustee the security interest contemplated by the Escrow Agreement or any part thereof, as from time to time in effectconstituted, so as to render the same available for the security and benefit of this Indenture and of the Notes, according to the intent and purpose herein expressed. Each of the Escrow The Issuer and Scripps shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Company Issuer under this Indenture and the Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-first priority perfected liens in and on the Escrow Account and all the Escrowed FundsProperty, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the Holdersholders, superior to and prior to the rights of third Persons and subject to no other Liens.

Appears in 1 contract

Samples: Indenture (Churchill Downs Inc)

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Escrow Authorization. Each Holder, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including documents related documents thereto, as the same may be in effect or may be amended from time to time in accordance with writing by the terms thereofparties thereto, and authorizes and directs the Trustee to enter into acknowledge the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each of the Escrow The Issuer and Scripps shall do or cause to be done all such acts and things as may be necessary or proper proper, or as may be required by the provisions of the Escrow Agreement, to assure and confirm to the Trustee the security interest contemplated by the Escrow Agreement or any part thereof, as from time to time in effectconstituted, so as to render the same available for the security and benefit of this Indenture and of the Notes, according to the intent and purpose herein expressed. Each of the Escrow The Issuer and Scripps shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Company Issuer under this Indenture and the Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-first priority perfected liens in and on the Escrow Account and all the Escrowed FundsProperty, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the Holders, superior to and prior to the rights of third Persons and subject to no other Liens.

Appears in 1 contract

Samples: Indenture (Patheon Holdings Cooperatief U.A.)

Escrow Authorization. Each Holder, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including related documents thereto, as the same may be in effect or may be amended from time to time in accordance with the terms thereof, and authorizes and directs the Trustee to enter into the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each Each of the Escrow Issuer and Scripps shall do or cause to be done all such acts and things as may be necessary or proper or as may be required by the provisions of the Escrow Agreement, as from time to time in effect, so as to render the same available avail- able for the security and benefit of this Indenture and of the Notes, according to the intent and purpose herein expressed. Each of the Escrow Issuer and Scripps shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations ob- ligations of the Company under this Indenture and the Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-priority liens in and on the Escrow Account and all the Escrowed Funds, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the Holders, superior to and prior to the rights of third Persons and subject to no other Liens.

Appears in 1 contract

Samples: E.W. SCRIPPS Co

Escrow Authorization. Each Holder, by its acceptance of a Note, consents and agrees to the terms of the Escrow Agreement, including related documents thereto, as the same may be in effect or may be amended from time to time in accordance with writing by the terms thereofparties thereto, and authorizes and directs the Trustee to enter into acknowledge the Escrow Agreement and to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. Prior to the Escrow Release Date, each of the Escrow The Issuer and Scripps shall do or cause to be done all such acts and things as may be necessary or proper proper, or as may be required by the provisions of the Escrow Agreement, to assure and confirm to the Trustee the security interest contemplated by the Escrow Agreement or any part thereof, as from time to time in effectconstituted, so as to render the same available for the security and benefit of this Indenture and of the NotesSecurities, according to the intent and purpose herein expressed. Each of the Escrow The Issuer and Scripps shall take, or shall cause to be taken, any and all actions reasonably required to cause the Escrow Agreement to create and maintain, as security for the obligations of the Company Issuer under this Indenture and the Notes as provided in the Escrow Agreement, valid and enforceable exclusive first-first priority perfected liens in and on the Escrow Account and all the Escrowed FundsProperty, in favor of the Trustee for its benefit, the benefit of the Escrow Agent and the ratable benefit of the Holders, superior to and prior to the rights of third Persons and subject to no other Liens.

Appears in 1 contract

Samples: Intercreditor Agreement (Erickson Air-Crane Inc.)

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