Operation of the Escrow Accounts Sample Clauses

Operation of the Escrow Accounts. (a) The Issuer shall ensure that all Receivables (Asset SPV) shall only be deposited in the Escrow Account and shall ensure that all monies deposited into and lying to the credit of the Escrow Account are used in the manner as set out in this Deed, the Account Agreement and other REIT NCD Transaction Documents. For the removal of doubts, the common area maintenance charges with respect to the maintenance of the Mortgaged Properties payable by the Asset SPV shall not be required to be deposited into the Escrow Account and shall not constitute the Mortgaged Properties for the purposes of the REIT NCD Transaction Documents.
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Operation of the Escrow Accounts. 2.3.1 The Escrow Accounts will be opened by the Escrow Agent and will be at all times under the sole control and authority of the Escrow Agent. The Escrow Agent shall manage the Escrow Accounts and release the relevant Escrow Amounts therefrom strictly in accordance with the provisions of this Escrow Agreement.
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Operation of the Escrow Accounts 
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Related to Operation of the Escrow Accounts

  • Escrow Accounts Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement.

  • Termination of the Escrow Agreement This Agreement, except for Sections 7 and 11 hereof, which shall continue in effect, shall terminate upon written notice from the Company to the Escrow Agent. Unless otherwise provided, final termination of this Agreement shall occur on the date that all funds held in the Escrow Account are distributed either (a) to the Company or to subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account or (b) to a successor escrow agent upon written instructions from the Company.

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement.

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