Construction Escrow Agent definition

Construction Escrow Agent means the construction escrow agent retained in connection with the construction of the Black Hawk Casino, or any successor construction escrow agent appointed by the Trustee pursuant to the terms of the Cash Collateral and Disbursement Agreement.
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Construction Escrow Agent means the company selected jointly by Reorganized Stratosphere and Grand and approved by the Bankruptcy Court to act as the disbursing agent for all funds held in the Construction Escrow Account pursuant to the Construction Escrow Agreement.
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Construction Escrow Agent means First American Heritage Title Company.
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Examples of Construction Escrow Agent in a sentence

  • Reorganized Stratosphere, the Indenture Trustee and the Construction Escrow Agent shall enter into the Construction Escrow Agreement, which sets forth the terms upon which, and the manner in which, funds shall be disbursed from the Construction Escrow Account to fund completion of Phase II.

  • The Construction Escrow Agent shall cause the Construction Expenses to be paid to the appropriate Contractors and the Construction Escrow Agent shall cause the Title Insurer to issue the Mechanics Lien Endorsements and the Foundation Endorsements (upon completion upon any foundation), all in accordance with the terms and conditions of this Agreement.

  • The Construction Escrow Agent agrees to act in good faith at all times in the performance of its covenants and obligations pursuant to this Agreement.

  • The Construction Escrow Agent shall pay the amounts specified in the applicable Disbursements Request to the appropriate Contractors promptly after receipt of such funds from the Disbursement Agent.

  • The Construction Escrow Agent shall have no duties or obligations hereunder except as expressly set forth herein, shall be responsible only for the performance of such duties and obligations, shall not be required to take any action other than in accordance with this Agreement.

  • The rights of the Construction Escrow Agent under this Section to inspect the Project shall not be construed as an obligation, it being understood that the duty of the Construction Escrow Agent is limited to act upon certificates and draw requests submitted by the Company and the Trustee hereunder.

  • Any amendments to the Phase II Budget must be approved in writing by Grand and the Construction Escrow Agent.

  • The waivers set forth in this Section are of rights which may exist now or hereafter in favor of the Construction Escrow Agent in its individual capacity, and not of any such rights which may exist now or hereafter in favor of the Construction Escrow Agent in its capacity as agent for the Trustee and Hyatt Gaming.

  • Concurrently with the execution and delivery hereof, the Construction Escrow Agent shall establish a construction escrow to hold the funds disbursed by the Disbursement Agent to the Construction Escrow Agent for payment to Contractors in respect of Construction Expenses.

  • Perez Fax No.: (000) 000-0000 To the Construction Escrow Agent: -------------------------------- First American Heritage Title Company 0000 Xxxxx Xxxxxx, Suite 1000 Denver, CO 80202 Attention: Xx. Xxxxxxxxx Xxxxxxx Fax No.: (000) 000-0000 To the Independent Construction Consultant: Re Tech+, Inc.


More Definitions of Construction Escrow Agent

Construction Escrow Agent means First American Heritage Title Company in its capacity as construction Escrow Agent under the Cash Collateral and Disbursement Agreement, as approved (or as to which such right of approval is waived) by Lender, such approval or waiver of approval not to be unreasonably withheld or delayed, or any successor thereto appointed by Trustee and approved (or as to which such right of approval is waived) by Lender.
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Related to Construction Escrow Agent

  • The Escrow Agent s responsibilities as escrow agent hereunder shall terminate if the Escrow Agent shall resign by written notice to the Company and the Purchaser. In the event of any such resignation, the Purchaser and the Company shall appoint a successor Escrow Agent.

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

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

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

  • Construction Agent means the Lessee, as construction agent under the Construction Agency Agreement.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • 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 Agent has the meaning set forth in Section 2.3.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • 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.

  • construction site means a workplace where construction work is being performed;

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

  • Construction Work means any work in connection with⎯

  • 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.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Construction Manager means a competent person responsible for the management of the physical construction processes and the coordination, administration and management of resources on a construction site;

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • Escrow Property has the meaning set forth in the Escrow Agreement.

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

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

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Professional Fee Escrow means an escrow account established and funded pursuant to section 2.6 of the Plan.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C of the Plan.