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 in the name of the Sellers and the Warrant Holders to be opened as set forth in the Escrow Agreements;
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Escrow Account 1 means the account on which the Purchase Price for Shares 1 shall be deposited;
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Examples of Escrow Account 1 in a sentence

  • For purposes of this Agreement, “Distributable Subscription Proceeds” are Subscription Proceeds which have been deposited in the Escrow Account (1) by wire transfer; and (2) by check, but in the case of checks only at the time that enough time has passed to permit payments to have returned unpaid by the bank on which the check was drawn.

  • For purposes of the Agreement, “Distributable Subscription Proceeds” are Subscription Proceeds which have been deposited in the Escrow Account (1) by wire transfer; and (2) by check, but in the case of checks only at the time that enough time has passed to permit payments to have returned unpaid by the bank on which the check was drawn.

  • For purposes of the Agreement, “Distributable Subscription Proceeds” are Subscription Proceeds which have been deposited in the Escrow Account (1) by wire transfer; and (2) by check, but in the case of checks only after a three day period from the date of deposit.

  • 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.

  • 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").

  • If the Escrow Amount 1 is insufficient to cover, after payment of costs and expenses, the withholding tax amount due and/or payable, the Seller shall immediately pay the difference between such an amount and the balance of the Escrow Amount 1 (released from the Escrow Account 1 to the Company and/or the Buyer), to the Company and/or the Buyer, as the Buyer shall direct.

  • The portion of the 28 Settlement Amount to be funded by the D&O Insurers will be paid directly into the Escrow Account 1 by the D&O Insurers.

  • 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.

  • 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.

  • 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”).


More Definitions of Escrow Account 1

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 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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Escrow Account 1 means the escrow account which will be opened in the
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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 (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

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

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • 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.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • 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, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • 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.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • 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 $3,250,000.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • 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 and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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.