Acquisition Escrow Account definition
Examples of Acquisition Escrow Account in a sentence
In relation to the Acquisition Escrow Agreement (and any other escrow agreement, to the extent applicable), the Security Agent acknowledges and agrees that it shall not take any enforcement action, or provide any instruction, in respect of the Acquisition Escrow Account, including providing any Notice of Exclusive Control (as defined therein), unless the Initial Term Loans, in accordance with Section 8.02, have been automatically accelerated or otherwise declared due and payable.
No later than June 23, 1997, Tenant will fund the Acquisition Escrow Account (as provided in the Acquisition Escrow Agreement) in the amount provided for in Section 2.5.2 of the Master Agreement.
The Escrow Agent shall establish an interest-bearing escrow account which escrow account shall be entitled "Western Bancorp Acquisition Escrow Account (the "Escrow Account").
Notwithstanding the foregoing, the Billings Acquisition Escrow Account shall not be subject to the requirements of this Section 5.15(d)(i)(A) prior to the earlier of the Billings Acquisition Date and the prepayment of the Billings Acquisition Borrowing in accordance with Section 2.4(e)(iii).
The Distribution Account and the Property Acquisition Escrow Account may be combined into one deposit account at KeyBank.
Notwithstanding the foregoing, the Billings Acquisition Escrow Account shall not be subject to the requirements of this Section 5.15(d)(i)(A) prior to the earlier of the ▇▇▇▇▇▇▇▇ Acquisition Date and the prepayment of the ▇▇▇▇▇▇▇▇ Acquisition Borrowing in accordance with Section 2.4(e)(iii).