Escrow Account 2 definition

Escrow Account 2 means: Barclays Bank plc Bignalls Clients Account - Account Number 00000000 Escrow Account Name: Bignalls Solicitors as Stakeholders Clients Account re MSX and AARK Escrow Account 2 Escrow Account Number: 00000000 IBAN GB77 BARC 2036 4770 1672 82 Swift Code: BARCGB22L Sort code 20-36-47
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Escrow Account 2 means the escrow account which will be opened in the
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Escrow Account 2 means the account established with the Escrow Agent in the name of the City received therein from the Escrow Account #1 which (a) when Advanced from such Escrow Account #2 are deemed simultaneously to be Proceeds of the EEDC Loan available to pay Direct Costs of the Project or as otherwise paid over in accordance with this Escrow Agreement and (b) shall be a bank account separate from the other Escrow Accounts.
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Examples of Escrow Account 2 in a sentence

  • The Settlement Escrow shall initially be comprised of three subaccounts (the “Accounts”), to be used solely for such purposes as are set forth in Section I above: (1) the Settlement Escrow Account, (2) Lien Holdback Account, and (3) the Administration Account.

  • VHML has provided a bank guarantee of INR 4,550 Crore issued by Standard Chartered Bank pursuant to the bank guarantee letter dated September 28, 2020 (“ Bank Guarantee”), in favour of the Manager to the Offer and VHML II has deposited an amount of INR 10,299.80 Crore in Escrow Account 2 in cash, which together with the Bank Guarantee is for an aggregate amount of INR 14,849.80 Crore which covers 100% of the Escrow Amount.

  • Prior to any further transfers from the Escrow Account, $2 million shall be transferred to the Pennsylvania AG from the Escrow Account.

  • The Escrow Account will be insured and interest bearing, and the Commission will provide the Municipalities with Quarterly Statements: 1) showing the starting and ending balances for that quarter in the Escrow Account; 2) detailing the design engineering costs of Commission Expenses incurred for that quarter including any amounts received or paid from the Escrow Account.

  • In the event that Completion does not take place within three months of the Effective Date, all funds deposited in Escrow Account 1, Escrow Account 2 and Escrow Account 3 (including interests accrued thereon) shall be refunded to Choice Tone in accordance with the terms of the Equity Transfer Deed.

  • Both the Private and Public Funds identified in this Reimbursement and Escrow Agreement are specifically identified for the payment of the construction of the Additional Public Infrastructure and shall not: (1) be deposited into the MDA Escrow Account, (2) be considered “Developer’s Contribution” as defined within the MDA, and (3) earn interest as the Developer’s Contribution made pursuant to the MDA.

  • The Manager to the Offer has been duly authorized to operate the Escrow Account 2 in terms of the SEBI (SAST) Regulations.

  • Mr. Roedner briefly reviewed suggested changes to the four different types of guarantees: 1) Escrow Account; 2) Letter of Credit; 3) Occupancy Restriction and 4) Performance Bond.

  • A courier fee of CAD $35.00 within Canada or $70 to the U.S. applies if the cheque is not picked up in person.

  • The Second Circuit stated that these three cases were therefore cited “only to the extent that they provide a clarification of preexisting law,” and that “even in the absence of these additional cases, the New York Court of Appeals had made sufficiently clear by the time Rivera's conviction became final in July 2004 that facts such as those in Rivera's case could not support a conviction for depraved indifference murder.” Id. at 138.


More Definitions of Escrow Account 2

Escrow Account 2 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 2;
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Escrow Account 2 shall have the meaning set out in Article 2.6(a).
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Escrow Account 2 means the escrow account in the name of the Purchaser to be opened as set forth in the Escrow Agreements;
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Escrow Account 2 means the account on which the Purchase Price for Shares 2 shall be deposited;
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Related to Escrow Account 2

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

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

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

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

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

  • 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.

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

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

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

  • 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.

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

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

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • 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.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

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

  • 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).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).