PAYMENTS INTO THE ESCROW ACCOUNT. Subject to Court approval, the Escrow Account shall be an interest-bearing account mutually agreed to by the Parties at Xxxxxx Xxx Bank. Monies have been or will be placed into the Escrow Account, subject to the Court’s oversight, as follows: (i) $7,500,000 was placed into the Escrow Account within 5 banking days following the Court’s entry of the original Preliminary Approval Order; (ii) $4,650,000 will be placed into the Escrow Account within 5 banking days following the Court’s entry of the Amended Preliminary Approval Order; (iii) $5,000,000 will be placed into the Escrow Account within 5 banking days following the Court’s entry of the Final Approval Order; and (iii) a maximum of $7,130,000 will be placed into the Escrow Account within 60 days after the Effective Date. Such payments shall be reduced by Xxxxxx Mae or refunded to Xxxxxx Xxx as set forth in Paragraph 2(j) of this Section III.C., with respect to notice and administration costs and Paragraph 3(c) of Section III.C., with respect to Reduction Awards. All interest earned on any amounts in the Escrow Account shall become part of the Fund for all purposes.
PAYMENTS INTO THE ESCROW ACCOUNT. (a) Subject to (b)(ii) and (iv), the Guarantor shall in connection with the occurrence of any Escrow Event pay into the Escrow Account on or before the date specified in (b) an amount equal to:
PAYMENTS INTO THE ESCROW ACCOUNT. Subject to approval by the District Court, the Fund shall be held in the Escrow Account. Monies will be placed into the Fund, subject to District Court oversight, by wire payment, as follows:
