Cash Escrow Account definition

Cash Escrow Account means the cash escrow account established by an escrow agreement of even date with the Indenture into which Delta Financial Corporation shall deposit funds to pay accrued interest on the Notes pursuant to Section 4.24 of the Indenture.
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Cash Escrow Account means the cash escrow account established by an escrow agreement of even date herewith into which the Company shall deposit funds to pay accrued interest on the Senior Notes in accordance with Section 4.24.
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Cash Escrow Account has the meaning specified in Section 2.5.
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Examples of Cash Escrow Account in a sentence

  • The Escrow Agent agrees to accept delivery of the Escrowed Cash and to hold the Escrowed Cash in an interest-bearing escrow account (the "Cash Escrow Account"), subject to the terms and conditions of this Agreement.

  • The Class Plaintiffs and the Defendants agree that each Class Settlement Cash Escrow Account and each Class Settlement Interchange Escrow Account is intended to be and shall be treated as a Qualified Settlement Fund within the meaning of Treasury Regulation § 1.468B-1 and any analogous local, state, and/or foreign statute, law, regulation, or rule.

  • With respect to any funds received by Escrow Agent for deposit into the Cash Escrow Account or any joint written direction received by Escrow Agent with respect to investment of any funds in the Cash Escrow Account after ten o'clock, a.m., Atlanta, Georgia, time, Escrow Agent shall not be required to invest such funds or to effect such investment instruction until the next day upon which banks in Atlanta, Georgia are open for business.

  • If Escrow Agent has not received a joint written direction at any time that an investment decision must be made, Escrow Agent shall invest the Cash Escrow Account, or such portion thereof as to which no joint written direction has been received, in investments described in clause (d) above.

  • Purchaser or Acquisition Sub shall provide to the Escrow Agent and the Shareholder Representatives written notice of the amount of such Net Asset Value Shortfall, and such amount, including any interest accrued thereon (or such lesser amount as is then held in the Cash Escrow Account), shall be paid to Purchaser by Escrow Agent within three (3) business days after receipt of such notice.


More Definitions of Cash Escrow Account

Cash Escrow Account means the cash escrow account to be opened with the Escrow Agent pursuant to the provisions of the Closing Escrow Agreement;
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Cash Escrow Account means the account in the name of the Cash Escrow WFOE with the Cash Escrow Bank, subject to the Cash Escrow Account Agreement and designated as such by the Agent and the Borrower.
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Cash Escrow Account means the cash escrow account established by an escrow agreement of even date herewith into which we shall deposit funds to pay accrued interest on the Secured Notes.
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Cash Escrow Account. ’ means the cash escrow account established with the State
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Cash Escrow Account has the meaning assigned to such term in Section 4.01(h).
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Cash Escrow Account means the cash account which may be established in the name of the Trustees (or their nominees) for the purpose of receiving and holding any Distributions or Accruals;
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Cash Escrow Account means an account in the name of the Issuer where the net cash payment for the Bonds will be credited and blocked until 1 April 2013. The blocking is made in order to comply with covenants under other bonds issued by the Issuer, and any release from the Cash Escrow Account may be made according to Clause 7.
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