Escrow definition

Escrow means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing.

Escrow means an escrow, trust, collateral or similar account or arrangement holding proceeds of Indebtedness solely for the benefit of an unaffiliated third party.

Escrow means an escrow opened with the Escrow Holder for the purchase and sale of the Property in accordance with the provisions of this Agreement.

Examples of Escrow in a sentence

• The Parties agree that the Escrow Agent will not be liable to any person for misdelivery of Escrow Money to the Buyer and the Seller, unless the misdelivery is due to the Escrow Agent's willful breach of this Agreement or gross negligence.

• The Escrow Bid Documentation shall be submitted in the language (e.g., English) of the specification.

• The Parties authorize the Escrow Agent to receive, deposit, and hold funds and other property in escrow, including Xxxxxxx Money, that is subject to collection and disburse them in accordance with the terms of this Agreement.

• The following documents comprise the “Contract Documents” for the Work under this Agreement: _ X_ Exhibit A-1: System Description _ X_ Exhibit A-2: Scope of Work _ X_ Exhibit A-3.1 – A-3.3: Warranties _ X_ Exhibit A-4: Project Milestone and Completion Schedule _ X_ Exhibit A-5: Array Layout _ X_ Exhibit A-6: XXXX Layout _ X_ Exhibit A-7: EVSE Layout _ X_ Exhibit B: Escrow Bid Documentation _ X_ Exhibit C: Allowance Expenditure Directive _ X_ Construction Documents, when 100% complete.

• The Escrow Bid Documentation shall be submitted by the Design-Builder in a sealed container within SEVEN (7) calendar days after the date of the Notice of Award.

More Definitions of Escrow

Escrow has the meaning given in the Escrow Agreement.

Escrow has the meaning set forth in the definition of “Indebtedness”.

Escrow means a legal document (such as the software source code) delivered by the Contractor into the hands of a third party, and to be held by that party until the performance of a condition is Accepted; in the event Contractor fails to perform, the Procuring Agency receives the legal document, in this case, Source Code.

Escrow has the meaning set forth in Section 3.1 hereof.

Escrow has the meaning set forth in Section 5.4(e).

Escrow means an escrow established with an independent escrow agent pursuant to an escrow agreement reasonably satisfactory in form and substance to the Person or Persons asserting the obligation of one or more Borrowers to make a payment to it or them hereunder.

Escrow means a legal document (such as Source Code) delivered by Contractor to a third party escrow agent (“Escrow Agent”), and held by Escrow Agent until Procuring Agency Accepts one or more the Deliverables; in the event Contractor Defaults this Agreement, Procuring Agency will receive the legal document, e.g., Source Code, from Escrow Agent.