Settlement Class Escrow Account Sample Clauses

Settlement Class Escrow Account. The account described in Section
Sample 1
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Settlement Class Escrow Account. Within five (5) business days of the later of (i) the Court’s Preliminary Approval Order and (ii) Settlement Class Counsel’s provision to Target of the account information for the Settlement Class Escrow Account, Target shall pay $500,000 of the Settlement Fund into the interest-bearing Settlement Class Escrow Account to be used in the first instance to pay the costs of notice
Sample 1

Related to Settlement Class Escrow Account

  • 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. 31.1.2 The nature and scope of the Escrow Account are fully described in the agreement (the “Escrow Agreement”) to be entered into amongst the Concessionaire, the Authority, the Escrow Bank and the Senior Lenders through the Lenders‟ Representative, which shall be substantially in the form set forth in Schedule-S.

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