Escrow Fund Deficiency Sample Clauses
The Escrow Fund Deficiency clause defines the procedures and obligations that arise if the balance in an escrow fund falls below a required threshold. Typically, this clause requires the responsible party to promptly replenish the escrow account to the agreed-upon level, ensuring that sufficient funds are always available to cover potential claims or obligations. Its core practical function is to maintain financial security for all parties by preventing shortfalls in the escrow fund, thereby reducing the risk of non-payment or unfulfilled contractual duties.
Escrow Fund Deficiency. Where it is determined that a deficiency exists in such Borrower's Escrow Funds, such Borrower may be requested to pay the shortage in full or the deficiency may be taken into consideration in determining the amount to be collected for Escrow Funds during the next twelve months.
Escrow Fund Deficiency. Section 10.4 Records..................................................... 10.4.1.
Escrow Fund Deficiency. Section 10.4 Records 10.4.1.