Escrow Bank s fee The Escrow Bank shall be entitled to receive its fee and expenses in an amount, and at such times, as may be agreed between the Escrow Bank and the Concessionaire. For the avoidance of doubt, such fee and expenses shall form part of the O&M Expenses and shall be appropriated from the Escrow Account in accordance with Clause 4.1.
Escrow Bank. The financial institution or escrow agent so designated ----------- in the Escrow Agreement.
Escrow Bank.
7.1 The Investors hereby appoint [●] as the Escrow Bank to act as its agent and trustee in connection herewith, and authorise the Escrow Bank to exercise such rights, power, authorities and discretion as are specially delegated to the Escrow Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Escrow Bank accepts such appointment pursuant to the terms thereof.
Escrow Bank. 2 1.12 FCC........................................................ 2 1.13
Escrow Bank. Further, during the validity of this Agreement if it comes to the notice of the Company and/or the Manager that there exists a business relationship with any of the promoter, director, officer or senior management of Escrow Bank, the Company and/or the Manager undertake to inform Escrow Bank accordingly on immediate basis.
Escrow Bank by accepting the appointment and designation as Escrow Agent under this Agreement, in no way endorses the merits of the Offerings. Intermediary agrees to include with any sales literature, in which the Escrow Agent’s name appears and which is used in connection with Offerings, a statement to the effect that the Escrow Agent in no way endorses the merits of the Offering.
Escrow Bank. (a) The Escrow Bank shall look solely to the City for compensation for its duties under this Escrow Agreement and shall have no right whatsoever against the Escrow Fund for fees, compensation, costs or expenses. The City shall also reimburse the Escrow Bank for out-of- pocket costs such as cost of giving notice of redemption of the 2002 Bonds, legal fees and other costs and expenses relating hereto, but under no circumstances shall amounts deposited in the Escrow Fund be deemed to be available for said purposes.
(b) The City agrees to indemnify the Escrow Bank, its agents and its officers, directors and employees for, and hold the Escrow Bank, its agents and its officers, directors and employees harmless from, liabilities, obligations, losses, damages, penalties, actions, judgments, suits, claims, costs, expenses and disbursements of any kind (including without limitation, reasonable fees and disbursements of counsel or accountants for the Escrow Bank) which may be imposed on, incurred by, or asserted against the Escrow Bank or such other party at any time by reason of, or in connection with, the performance of its duties as Escrow Bank hereunder, unless due to the negligence or willful misconduct of any indemnified party. Such indemnity shall survive the termination or discharge of this Escrow Agreement and the earlier removal or resignation of the Escrow Bank.
(c) The Escrow Bank shall not have any liability hereunder except to the extent of its own negligence or willful misconduct. The Escrow Bank shall have no duty or responsibility under this Escrow Agreement in the case of any default by the City in the performance of the covenants or agreements contained in the 0000 Xxxxxxxxx or in the 2012 Indenture.
(d) The Escrow Bank may consult with counsel of its own choice (which may be counsel for the City) and the opinion of such counsel shall be full and complete authorization to take or suffer in good faith any action hereunder in accordance with such opinion of counsel.
(e) The Escrow Bank shall not be responsible for any of the recitals or representations contained herein, in the Indenture or in the Indenture.
(f) The Escrow Bank may become the owner of, or acquire any interest in, any of the 2012 Bonds with the same rights that it would have if it were not the Escrow Bank, and may engage or be interested in any financial or other transaction with the City.
(g) The Escrow Bank shall not be liable for the accuracy of any calculations provided as to the s...
Escrow Bank. Save and except as permitted under clause 9.2 (a) below, the Company shall not be entitled to terminate this Agreement.
Escrow Bank. ANTONIO MIRANDA and AMTROL hxxxxx xxxxxxxxx the Escrow Bank as the escrow entity for the Shares, Initial Escrowed Amount and Indemnification Escrowed Amount, and the Escrow Bank hereby agrees to serve in accordance with the terms, conditions and provisions of this Escrow Agreement.
Escrow Bank. BPI - Banco Portugues do Investimento, SA., with head offices at Rua Tenente Valadim, nr.284, 4000 Xxxxx, Xxxxxxxx, xxxx xxxx xxx xxxxxx xxxxxxxnt attached to this Promissory Agreement as Annex I was entered into;