Additional Escrow Deposit definition

Additional Escrow Deposit means, with respect to any Interest Period for the Loans pursuant to the Escrow Credit Agreement, an amount, as calculated by the Escrow Administrative Agent and notified in writing to the Escrow Agent and the Escrow Borrower in the form of Annex V at least nine Business Days prior to the end of the then current Interest Period, equal to the excess of (i) the sum, without duplication, as calculated by the Escrow Administrative Agent and notified in writing in the form of Annex V to the Escrow Agent and the Escrow Borrower at least nine Business Days prior to the end of the then current Interest Period of (x) the principal amount of the Loans outstanding on such date plus (y) the amount of regularly accruing interest that will be payable for the Interest Period then applicable to the Loans and for the Interest Period that will be in effect following the expiration of such then current Interest Period assuming that the full amount of the Loans that are outstanding on such date remain outstanding throughout both such Interest Periods plus (z) the amount of all other Obligations then due and owing of which the Escrow Administrative Agent has received notice over (ii) the liquidation value of Escrowed Property on such date determined by the Escrow Agent and notified in writing in the form of Annex IV, in each case, on such date to the Escrow Administrative Agent and the Escrow Borrower (calculated as the amount of deposits and the principal amount of any Escrow Investments together with all accrued interest thereon through the date of determination).
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Additional Escrow Deposit shall have the meaning as defined in Section 1.5(c)(v) of this Agreement.
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Additional Escrow Deposit has the meaning set forth in Section 3.4(b) of the Agreement.
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Examples of Additional Escrow Deposit in a sentence

  • Upon Default and notice of same by Seller to Escrow / Settlement Agent, Buyer understands and agrees to the immediate release of the Initial and Additional Escrow Deposit funds to the Seller by Escrow / Settlement Agent without the requirement of further documentation or consent from Buyer.

  • Upon Default and notice of same by Seller to Escrow Agent / Settlement Agent, Buyer understands and agrees to the immediate release of the Initial and Additional Escrow Deposit funds to the Seller by Escrow Agent / Settlement Agent without the requirement of further documentation or consent from Buyer.

  • In the event that, on or before the expiration of the Due Diligence Period, Buyer shall fail to have delivered the Approval Notice to Seller (and concurrently therewith deposit the Additional Escrow Deposit with Escrow Holder as provided for in this Agreement), Buyer shall be deemed to have elected not to proceed with the acquisition of the Property whereupon the Escrow Deposit shall be returned to Buyer and this Agreement, and the obligations of the parties hereunder, shall terminate.

  • As used herein, the term "Escrow Deposit" shall mean the Initial Escrow Deposit and, from and after the deposit thereof, the Additional Escrow Deposit, together with all interest earned on such deposits while the same are held by Escrow Holder hereunder.

  • If, upon expiration of the Environmental Due Diligence Period or Extended Environmental Due Diligence Period, the Escrow Agent has not received the Inspection Termination together with the Inspection Reports, then within five (5) days after expiration of the Environmental Due Diligence Period or the Extended Environmental Due Diligence Period, the Escrow Agent shall deliver the Escrow Deposit and Additional Escrow Deposit together with one-half (1/2) of the interest accrued thereon to the Seller.

  • Buyer shall receive credit for the Initial Escrow Deposit and the Additional Escrow Deposit, which shall be released from escrow to Seller and applied by the Settlement Agent towards the Total Purchase Price at Closing.

  • In addition, if Buyer shall deliver the "Approval Notice" prior to the expiration of the "Due Diligence Period", as provided (and defined) in paragraph 4B hereof, Buyer shall concurrently therewith deliver an additional deposit of $150,000 (the "Additional Escrow Deposit") to Escrow Holder.

  • In addition, if Buyer shall deliver the "Approval Notice" prior to the expiration of the "Due Diligence Period", as provided (and defined) in paragraph 4B hereof, Buyer shall concurrently therewith deliver Buyer's check in the amount of $500,000 (the "Additional Escrow Deposit") to Escrow Holder.

  • All exceptions must receive prior approval from the Employee’s Director before registration.5. This Policy shall apply only to one (1) time training opportunities to advance and enhance an Employee’s skills, knowledge and performance.

  • Notwithstanding anything to the contrary contained in the Purchase Agreement, the Additional Escrow Deposit shall not be an uncashed check of Buyer but shall be made by bank or cashier's check drawn on a major national money center banking institution (or by other delivery of good funds reasonably acceptable to Seller), the proceeds of which shall be held by Escrow Holder as part of the Escrow Deposit under the Purchase Agreement.


More Definitions of Additional Escrow Deposit

Additional Escrow Deposit means the additional $750,000 dollar deposit into the Escrow Account as more particularly described in Section 3.4 (a) hereof.
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Additional Escrow Deposit means the “Additional Escrow Deposit” under, and as defined in, the Escrow Agreement.
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Additional Escrow Deposit means, with respect to any Interest Period for the Term G Loans pursuant to the Escrow Credit Agreement, an amount, as calculated by the Escrow Administrative Agent and notified in writing in the form of Annex V at least nine Business Days prior to the end of the then current Interest Period to the Escrow Agent and the Escrow Borrower, equal to the excess of (i) the sum, without duplication, as calculated by the Escrow Administrative Agent and notified in writing in the form of Annex V to the Escrow Agent and the Escrow Borrower at least nine Business Days prior to the end of the then current Interest Period of (x) the principal amount of the Term G Loans outstanding on such date plus (y) the amount of regularly accruing interest that will be payable for the Interest Period then applicable to the Term G Loans and for the Interest Period that will be in effect following the expiration of such then current Interest Period assuming that the full amount of the Term G Loans that are outstanding on such date remain outstanding throughout both such Interest Periods and (z) the amount of all other Obligations then due and owing of which the Escrow Administrative Agent has received notice over (ii) the liquidation value of Escrow Property determined by the Escrow Agent and notified in writing in the form of Annex IV, in each case, on such date to the Escrow Administrative Agent and the Escrow Borrower (calculated as the amount of deposits and the principal amount of any Escrow Investments together with all accrued interest thereon through the date of determination).
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Related to Additional Escrow Deposit

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

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

  • 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.

  • 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 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.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • 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.

  • Adjustment Escrow Amount means $1,000,000.

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

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

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • 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.

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

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Purchase Price Adjustment Escrow Amount means $500,000.

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

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

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

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Escrow Cash is defined in Section 4.1(a).

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

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

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;