Escrow Account 1 definition

Escrow Account 1 means: Barclays Bank plc- London Corporate Banking Bignalls Clients Account - Account Number 70000000 Escrow Account Name: Bignalls Solicitors as Stakeholders Clients Account re MSX and AARK Escrow Account 1 Escrow Account Number: 20000000 IBAN GB77 BARC 2036 4770 1672 82 Swift Code: BARCGB22L Sort code 20-36-47
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Escrow Account 1 means the escrow account which will be opened in the
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Escrow Account 1 means the account established with the Escrow Agent in the name of the Bond Bank to hold the Escrowed Bond Bank Funds pending their disbursement to purchase the TIF Bonds as evidenced by their transfer to the Escrow Account #2 or as otherwise paid over in accordance with this Escrow Agreement, which shall be a bank account separate from the other Escrow Accounts.
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Examples of Escrow Account 1 in a sentence

  • The 230,897 Buyer Shares shall be transferred to and divided in Guarantee Escrow Account 1 and 2 pursuant to i-data international a-s' ApS and Xxxxxx Xxxxxxx Holding ApS' proportional part of the Buyer Shares.

  • For the avoidance of doubt, any consideration paid by the Sellers under this Section 7.3 shall be paid by the Sellers on a pro rata basis and not be paid from Escrow Account 1.

  • Upon final resolution and settlement of such dispute by the arbitrators, the Purchaser shall be entitled to instruct the Escrow Bank in accordance with the Escrow Agreements to transfer to the Purchaser from the Escrow Account an amount equal to the amount which the Purchaser is entitled to pursuant to such final arbitral award, if and to the extent such amount is available on Escrow Account 1.

  • P a g e TRID Final Closing Disclosure Will Not Have Escrow Account 1 B Compliance TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 1 B Compliance TRID non-compliant: Missing Seller's Closing Disclosure.

  • In case of a breach of this undertaking, the Shareholder in breach of this undertaking shall on demand pay liquidated damages to the Purchaser in the amount of USD 333,333 and all such liquidated damages shall be paid to the Purchaser from Escrow Account 1.

  • Without limiting the obligation of the Shareholders, on a joint and several basis, to satisfy any liabilities not assumed by Tucows (i.e. not listed on Schedule C), Tucows may satisfy any such liabilities out of any funds remaining in Escrow Accounts in the 30 day period prior to the expiry of Escrow Account #1 or Escrow Account #2, if the Shareholders have not already satisfied the liabilities.

  • Subject to any other set offs under this Agreement or the escrow agreement in Schedule H, immediately following (i) the 16th month following the Closing Date and (ii) the date on which Tucows reduces the Purchase Price in accordance with this Agreement from Escrow Account 1, Escrow Account 1 shall be terminated and Tucows shall disburse any funds remaining in Escrow Account 1 to the Shareholders in accordance with their pro rata interests as set forth on Schedule B.

  • The Buyer Shares placed in the Guarantee Escrow Account 1 shall be released to i-data international a-s and the Buyer Shares placed in the Guarantee Escrow Account 2 shall be released to Xxxxxx Xxxxxxx Holding ApS 12 months after Closing unless Vitesse has prior to such date notified i-data international a-s and Xxxxxx Xxxxxxx Holding ApS of any Claim against the Sellers in accordance with this Agreement.

  • The Escrow Agent is authorized to make multiple releases of the subscription funds from the Escrow Account (1) upon notice from the Company that such subscription funds should be released, and (2) on or before the later of (A) November 27, 2006, or (B) thirty (30) calendar days after the effective date of withdrawal of the registration statement under Rule 477 of the Act, pursuant to Section 155 thereof, (the “Closing Date”).

  • The Escrow Amount 1 shall be kept in escrow in the Escrow Account 1 under the terms of an escrow agreement entered into concurrently with this Agreement among the Seller, the Buyer and the Escrow Agent 1, substantially in the form set forth in Exhibit 2.3(a) (the "Escrow Agreement 1").


More Definitions of Escrow Account 1

Escrow Account 1 means the account on which the Purchase Price for Shares 1 shall be deposited;
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Escrow Account 1 means the US$ denominated account in the name of A15 and/or Httpool with the Escrow Agent pursuant to the Escrow Agreement for the purposes of the deposit of Escrow Amount 1;
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Escrow Account 1 means the bank account **** opened by the Cash Escrow Agent in his name with Credit Suisse (Schweiz) AG, in Switzerland (IBAN: ****).
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Escrow Account 1 means the escrow account in the name of the Sellers and the Warrant Holders to be opened as set forth in the Escrow Agreements;
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Related to Escrow Account 1

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

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

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

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • 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.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Initial Reserve Account Deposit means $3,000,000.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Collection Accounts As defined in Section 3.10(a).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.