Blocked Escrow Account definition
Blocked Escrow Account means account number 304641286 of Loan Parties maintained at JPMorgan Chase Bank, N.A., which has on deposit cash held in escrow as required by the terms of the Second Secured Note Indenture.
Examples of Blocked Escrow Account in a sentence
On the earlier to occur of the date (i) Borrowers repay U.S. Advances with amounts on deposit in the Blocked Escrow Account or (ii) that is 90 days after the Closing Date, the Maximum Revolver Amount and the Commitment shall each be permanently reduced by $4,000,000.