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Common use of The Escrow Agent Clause in Contracts

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate trust fund account for the sole and exclusive benefit of the holders of the Refunded Bonds and the Bonds (to the extent of the Escrowed Interest Requirements) until final payment thereof.

Appears in 1 contract

Samples: Escrow Agreement

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate trust escrow fund account for the sole and exclusive benefit of the holders of the Refunded Bonds and the Bonds (to the extent of the Escrowed Interest Requirements) until final payment thereof.

Appears in 1 contract

Samples: Escrow Agreement

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate trust fund account for the sole and exclusive benefit of the holders of the Refunded Bonds and the Bonds (to the extent of the Escrowed Interest Requirements) Certificate until final payment thereof.

Appears in 1 contract

Samples: Escrow Agreement

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate trust fund account for the sole and exclusive benefit of the holders of the Refunded Defeased Bonds and the Bonds (to the extent of the Escrowed Interest Requirements) until final payment thereof.

Appears in 1 contract

Samples: Escrow Agreement

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate trust fund account for the sole and exclusive benefit of the holders of the Refunded Bonds and the Bonds (to the extent of the Escrowed Interest Requirements) until final payment thereof.

Appears in 1 contract

Samples: Escrow Agreement