Additional Escrow Account definition

Additional Escrow Account means the escrow account in respect of the Additional Escrow Amount established pursuant to the Escrow Agreement.
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Additional Escrow Account has the meaning given to that term in Section 4.01(m).
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Additional Escrow Account means the account referred to in paragraph 3 of Part A of Schedule 3 to this Agreement.
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Examples of Additional Escrow Account in a sentence

  • To the extent that the Initial Business Combination Deadline is extended, the Sponsor will commit additional funds to the Company through the Additional Sponsor Subscriptions, the proceeds of which are to be held in the Escrow Account as Additional Escrow Account Overfunding.

  • All amounts contributed to the Escrow Account in connection with the Escrow Account Overfunding and the Additional Escrow Account Overfunding (if any) will be held for the benefit of the Company and the Ordinary Shareholders as further described below.

  • If any terminated Specified Employee is re-hired by Parent or its Affiliates at any time during the 180 day period following the date of such termination, Parent shall provide prompt written notice to the Securityholders’ Representative and such Specified Employee Payment with respect to such employee shall be promptly (but in all cases prior to the one year anniversary of the Closing) returned by Parent to the Additional Escrow Account.

  • The Escrow Shares, as such term is used herein, shall include the initial Escrow Shares deposited by GoAmerica and the "Additional Escrow Account" as that term is defined in Section 3.2.

  • To secure such indemnity obligations, the Escrow Agent shall have a first lien on the Escrow Account and the Additional Escrow Account.

  • The Initial Business Combination Deadline may be extended twice by three months at the Board’s discretion in order to complete a Business Combination (each such three months period, an “Extension Period”), subject to the Additional Escrow Account Overfunding referred to below.

  • The Escrow Shares, as such term is used herein, shall include the initial Escrow Shares deposited by GOAM and the "Additional Escrow Account" as that term is defined in Section 3.2.

  • At the Effective Time, the Stockholder Representative, on behalf of the Farequest stockholders, option holders and warrant holders, RCG and Ronald Attkisson and Marc Bercoon (the "ADDITIONAL ESCROW AXXXX") xxxxx xxxer inxx xx xxxxxx agreement substantially in the form of Exhibit 2.2 hereof (the "ADDITIONAL ESCROW AGREEMENT") and establish the Additional Escrow Account.

  • The Escrow Agent shall provide any Form 1099 required to be provided in respect of the Escrow Account, Payment Account and Additional Escrow Account to Seller.

  • Unless and until the Escrow Agent receives such property and schedule, the Escrow Agent may assume that no property is required to be delivered into the Additional Escrow Account.


More Definitions of Additional Escrow Account

Additional Escrow Account is defined in Section 2.3(c)(v).
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Additional Escrow Account means an account in the name of the Issuer or any of the Rigowners, as the case may be, into which a part of the net proceeds from the Bond Issue may be transferred from the Escrow Account, pledged and blocked on first priority as Security for the Issuer's obligations under the Finance Documents.
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Additional Escrow Account has the meaning given to that term in Appendix A to the Completion Agreement.
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Additional Escrow Account means the account referred to in paragraph 3 of Part A of Schedule 4 to this Agreement;
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Additional Escrow Account means the escrow account in respect of the Additional Escrow Amount established pursuant to the Escrow Agreement. “Additional Escrow Amount” means an amount equal to $3,600,000.
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Related to Additional Escrow Account

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Indemnity Escrow Amount means $3,000,000.