Canadian Escrow Account definition

Canadian Escrow Account means the account with the Canadian Escrow Agent established pursuant to the Canadian Escrow Agreement to hold that portion of the Sale Proceeds to be converted into Canadian Dollars.
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Canadian Escrow Account shall have the meaning set forth in Section 5.15(a) hereof.
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Examples of Canadian Escrow Account in a sentence

  • Any fees or costs associated with the transfer of such funds from the Canadian Escrow Account or the conversion of such funds back to U.S. Dollars for the purpose of transfer, including without limitation any fees and costs of the Escrow Agents or their counsel, shall be borne by the Canadian Debtors either directly or from the Canadian Escrow Account.

  • Initial Mediation and Arbitration Agreement This Enrollment Agreement is subject to arbitration pursuant to Chapter 682 of the Florida Statutes, known as the Florida Arbitration Code.

  • Approval orders shall have been obtained from the CCAA Court and the Bankruptcy Court authorizing the Canadian Debtors and U.S. Debtors, respectively, to enter into the Canadian Escrow Agreement, open the Canadian Escrow Account, and convert a portion of the Sale Proceeds from U.S. Dollars to Canadian Dollars, all as contemplated by Section 7, by no later than October 21, 2016.

  • If all or part of the Canadian Surplus Amount is to be transferred from the Canadian Escrow Account then all of the Parties agree that they shall issue such instructions or other directions to the Canadian Escrow Agent as may be required in order to effect such transfer to the Existing Escrow Accounts.

  • The Canadian Surplus Amount shall, at the election of the Canadian Debtors and the Monitor, be satisfied from: (A) the Canadian Debtors’ own assets; (B) the Canadian Escrow Account; or (C) any combination of the foregoing (A) and (B).

  • Roe suggests that laws regulating finance (influenced in turn by politics and public opinion) can thus have indirect and unintended effects on corporate governance.

  • If there is any amount left in the Canadian Escrow Account after application of relevant Equity Funding Amount or Step Up Equity Funding Amount in accordance with clause 10.3 or 10.4 (as applicable) below, the parties will take all necessary steps to return such amounts to NWH within 5 Business Days of the Relevant Funding Date.

  • Studies show that only 37 percent of CS wear- ers can do this independently.

  • Without limiting clause 10.5(a), each party must (on request by the other party) give any required direction (in the required form) to the agent of the Canadian Escrow Account and any other party required to give effect to a transfer of funds required by this clause 10 within 1 Business Day of request by a party.

  • Initially we found that our problems were logistical, each of our farms was growing up to five different crops and it was inefficient both in time and costs to work each of these areas separately.

Related to Canadian Escrow Account

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

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

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • 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.

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

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Holding Account means an account:

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

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

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;