Default Escrow Agreement definition

Default Escrow Agreement shall have the meaning as set forth in Clause 13.1.1;
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Default Escrow Agreement means the agreement titled „Default Escrow Agreement‟ dated entered into between the Parties and the Escrow Agent;
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Default Escrow Agreement shall have the meaning as set forth in Clause 13.1.1; “Default Escrow Bank” shall have the meaning as set forth in Clause 13.1.1;
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Examples of Default Escrow Agreement in a sentence

  • The Default Escrow Agreement and the Agreement to Hypothecate Cum Deed of Hypothecation are collectively referred to as the “Collateral Arrangement”.

  • The Letter of Credit shall be provided from the bank which is appointed as Default Escrow Agent under the Default Escrow Agreement.

  • Further, the Letter of Credit shall be provided from the bank which is appointed as Default Escrow Agent under the Default Escrow Agreement.

  • The Procurers and the Seller shall contemporaneously with the execution of the Default Escrow Agreement enter into the Agreement to Hypothecate Cum Deed of Hypothecation, whereby the Procurers shall agree to hypothecate, Incremental Receivables to the extent as required for the Letter of Credit as per Article 10.4.2. The Default Escrow Agreement and the Agreement to Hypothecate Cum Deed of Hypothecation are collectively referred to as the “Collateral Arrangement”.

  • However, such first ranking charge shall be on the amounts, in excess of amounts, which have already been charged or agreed to be charged prior to the date of the execution of the Default Escrow Agreement.

  • As a further support for the Procurers‟ obligations, on or prior to the Effective Date, the Procurers and the Seller shall execute Default Escrow Agreement (referred as “Default Escrow Agreement”) for the establishment and operation of the Default Escrow Account in favour of the Seller, through which the revenues of the Procurers shall be routed and used as per the terms of the Default Escrow Agreement.

  • Under this arrangement an Default Escrow Account in favour of NHPC shall be established through which the incremental receivables of bulk power customer shall be routed as per the terms of Default Escrow Agreement.

  • As a further support for the SECI’s obligations, not later than (1) month before the start of supply, the SPD and SECI shall execute Default Escrow Agreement (referred as “Default Escrow Agreement”) for the establishment and operation of the Default Escrow Account in favour of SPD, through which the Incremental Receivables of the SECI shall be routed and used as per the terms of the Default Escrow Agreement.

  • Provided that, the floating charge created pursuant to this Article shall immediately and automatically be converted into a fixed charge upon the occurrence of any Event of Default as defined in the Default Escrow Agreement.

  • DISCOM and Distribution Franchisee shall also sign a Default Escrow Agreement for the purpose of collateral arrangement.


More Definitions of Default Escrow Agreement

Default Escrow Agreement means the agreement titled 'Default
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Related to Default Escrow Agreement

  • Indemnity Escrow Agreement has the meaning set forth in Section 11.6.

  • Escrow Agreement means the escrow agreement entered into, by and among the Company, the Escrow Agent and the Placement Agent pursuant to which the Purchasers shall deposit Subscription Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder.

  • 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).

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