Common Contracts

COMMERCIAL READINESS DEPOSIT ESCROW AGREEMENT

Escrow Agreement • June 28th, 2024 • Oregon

• Contract Type
  Escrow Agreement
• Filed
  June 28th, 2024
• Jurisdiction
  Oregon

This escrow agreement (the “Escrow Agreement”), dated , is made by and among (“Depositor”) and U.S. Bank National Association, a national banking association (“Agent”). Depositor hereby establishes an Escrow Account No. ___________ (the “Account”) and subaccounts established thereafter (each a “Subaccount”) with Agent, for the benefit of the United States of America, Department of Energy, Bonneville Power Administration (“BPA” or “Secured Party”) to be maintained and in accordance with the following terms and conditions.