Escrow Account definition

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

Escrow Account. The separate account or accounts created and maintained pursuant to Section 4.06.

Escrow Account means the escrow account established with the Escrow Agent pursuant to the Escrow Agreement.

Examples of Escrow Account in a sentence

• Upon distribution of the Service Payments by the County Fiscal Officer to the City (after compensation amounts have been paid to the School District as set forth in Section 3 of this Agreement or otherwise required by law), those Services Payments shall be deposited by the City in the Escrow Account.

• 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.

• Amounts on deposit in the in the Escrow Account shall be used to reimburse the Company or its designee(s) for the Qualifying Costs of Designated Improvements in the manner and amounts set forth in Section 6 and the Escrow Agreement.

• The Company and the City agree that the City shall establish an escrow account (the “Escrow Account”) to be held at [ ] (the “Escrow Agent”), which Escrow Account shall be established and maintained throughout the TIF Exemption Period at the Company’s expense, pursuant to the Escrow Agreement dated as of , 2020 by and among the City, the Company and the Escrow Agent (the “Escrow Agreement”), a copy of which is attached and incorporated herein as Exhibit D.

• The Company and the City agree that the sole purpose of the Escrow Account shall be for receiving the Service Payments made from the Owners to the County Fiscal Officer and payable to the City.

More Definitions of Escrow Account

Escrow Account. As defined in Section 3.09.

Escrow Account has the meaning set forth in the Escrow Agreement.

Escrow Account. Any account established and maintained by each Servicer pursuant to the related Servicing Agreement. Euroclear: Euroclear Bank, S.A./N.V., as operator of the Euroclear System.

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

Escrow Account. The separate account or accounts created and maintained by the Master Servicer or a Servicer pursuant to Section 3.06.

Escrow Account. As defined in Subsection 11.06.

Escrow Account means the account established pursuant to the Escrow Agreement.