Withdrawals from the Escrow Account Sample Clauses

Withdrawals from the Escrow Account. All amounts standing to the credit in the Escrow Account shall be utilized in accordance with the priority and instructions set out in the Escrow Agreement. Further, the Authority shall be entitled to recover any Damages payable by the Concessionaire to the Authority under this Agreement from the Escrow Account in accordance with the Escrow Agreement to the extent such Damages remain unpaid by the Concessionaire or are not recovered from the Bid Security, Construction Performance Security or the Operation Performance Security, as the case may be.
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Withdrawals from the Escrow Account. 3.2.1 The Company agrees and undertakes that the balances in the Escrow Account, at no time, be lower than the Outstanding Balances. The Company shall on a quarterly basis submit a certificate as per the format specified in Annexure VI signed by the CA/auditor, certifying that Company is maintaining adequate balance in the Escrow Account to cover the Outstanding Balances. The certificates shall be submitted within a fortnight from the end of the quarter to which it pertains. The Company agrees and undertakes to make available on demand of the Bank, adequate records indicating the daily position of the value of Instruments outstanding vis-à-vis balances in the Escrow Account and any information or documents that it may have in its possession in relation to receipts, payments, Core Portion and Outstanding Balances that the Bank may require for scrutiny in connection with maintenance and operation of the Escrow Account.
Sample 1
Withdrawals from the Escrow Account. 4.2.1 The Bank hereby accords upfront irrevocable instructions to the Escrow Agent to transfer, on a daily basis, the Receivables available in the Escrow Account, to the account of the Bank being Account no. held with Bank, branch. The Bank shall utilize the Receivables in the following manner and priority (and the Bank shall issue appropriate instructions to the Escrow Agent in this regard):
Sample 1
Withdrawals from the Escrow Account. (a) The Escrow Agent shall from time to time, upon the written request of the Assignor, release funds to the Assignor from the Escrow Account to enable the Assignor to fulfill the tax obligations of the Assignor arising in connection with the sale of Xxxxxxx Shares as they become due and payable so long as at the time or prior to any such release the Assignor has delivered to the Escrow Agent a certificate executed by an Authorized Officer of the Assignor certifying (and providing documentation supporting such certification) as to the actual amount of such tax liability and that 100% of the amounts released from the Escrow Account shall be promptly (and in any event within two Business Days) used to pay such tax obligations. It is understood and agreed that so long as the requirements of the immediately preceding sentence have been satisfied, the Assignor shall be entitled to withdraw funds from the Escrow Account solely for the purposes described in such sentence regardless of whether any Default or any Event of Default shall exist at the time of any such withdrawal.
Sample 1
Withdrawals from the Escrow Account. At any time after the Commencement Date and from time to time, when there is no New Borrowing Base Deficiency and no Significant Default or Event of Default has occurred and is continuing, Borrowing shall have the right to withdraw funds on deposit in the Escrow Account in accordance with the procedures set forth in the Escrow Agreement between Lender, Borrower and the bank at which the Escrow Account is then being maintained, which procedures shall be substantially similar to those set forth in the form of Escrow Agreement attached as Exhibit C to the Extension Agreement, provided, however, that no withdrawal shall be made to the extent that after giving effect thereto there would exist a New Borrowing Base Deficiency.
Sample 1

Related to Withdrawals from the Escrow Account

  • Withdrawals From Escrow Account Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

  • Disbursements from the Escrow Account a. At such time as Escrow Agent has collected and deposited instruments of payment in the total amount of the Advance and has received such Common Stock via D.W.A.C from the Company which are to be issued to the Investor pursuant to the Standby Equity Distribution Agreement, the Escrow Agent shall notify the Company and the Investor. The Escrow Agent will continue to hold such funds until the Investor and Company execute and deliver a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction at which time the Escrow Agent shall wire the Escrow Funds to the Company. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Investor that Escrow Agent already has on file. Simultaneous with delivery of the executed Joint Written Direction to the Escrow Agent the Investor and Company shall execute and deliver a Common Stock Joint Written Direction to the Escrow Agent directing the Escrow Agent to release via D.W.A.C to the Investor the shares of the Company's Common Stock. In releasing such shares of Common Stock the Escrow Agent is authorized to rely upon such Common Stock Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Escrow Agent has on file. In the event the Escrow Agent does not receive the amount of the Advance from the Investor or the shares of Common Stock to be purchased by the Investor from the Company, the Escrow Agent shall notify the Company and the Investor.

  • Withdrawals From the Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • Permitted Withdrawals From Escrow Account Withdrawals from the Escrow Account or Accounts may be made by the Servicer only:

  • 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.

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • Permitted Withdrawals from the Custodial Account (a) The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.07 that are attributable to the Mortgage Loans for the following purposes:

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