Defect Escrow Account definition

Defect Escrow Account is defined in Section 3.1(f)(i).
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Defect Escrow Account means the account established pursuant to the Escrow Agreement holding the Disputed Amounts (as the same may be adjusted pursuant to the terms of this Agreement).
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Defect Escrow Account has the meaning set forth in Section 12.11(a).
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Examples of Defect Escrow Account in a sentence

  • Notwithstanding anything to the contrary herein, any Asset subject to a Dispute pursuant to this Section 4.5 shall be included in the Assets at Closing without adjustment to the Purchase Price and Buyer’s sole remedy with respect to any such Dispute shall be compensation from the Defect Escrow Account consistent with the Environmental Arbitrator’s decision.

  • The Defect Deposit (if any) deposited into the Defect Escrow Account pursuant to the terms of this Article 3 or pursuant to Article 4 shall be held, invested and disbursed in accordance with the terms of this Article 3, Article 4 and the Escrow Agreement pending the curing or resolution of the applicable alleged Title Defects or alleged Environmental Defects applicable to such amounts.


More Definitions of Defect Escrow Account

Defect Escrow Account means the “Defect Escrow Account” (as defined in the Escrow Agreement).
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Defect Escrow Account shall have the meaning assigned thereto in Section 4.5(a).
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Defect Escrow Account has the meaning assigned to such term in Section 3.8(e).
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Defect Escrow Account is defined in Section 2.7.
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Related to Defect Escrow Account

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

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.