Escrow Account Agent definition

Escrow Account Agent means JPMorgan Chase Bank, N.A.
Sample 1Sample 2Sample 3
Escrow Account Agent means Intertrust (Netherlands) B.V.;
Sample 1Sample 2
Escrow Account Agent means Xxxxx Fargo Bank N.A., London Branch;
Sample 1Sample 2

Examples of Escrow Account Agent in a sentence

  • A separate Escrow Account shall be created in the name of each Off-Plan Sale project, by virtue of a written agreement between the Developer and the Escrow Account Agent to regulate the financial, administrative and legal affairs of the project and deposit the amounts provided by the Developer and the Depositors.

  • The Escrow Amount shall be deposited prior to Closing with the Escrow Account Agent on behalf of each Seller and shall be used to pay or reimburse the Purchaser Indemnitees for Losses in accordance with this Agreement.

  • The Escrow Account Agent shall retain a percentage of the construction value of the project, to be specified by a resolution of the Board of Directors, after the Developer obtains the completion certificate, to ensure good performance and repair any defects that may arise after completing the project.

  • The Escrow Account Agent shall furnish the Authority with regular statements of the revenues and payments of the project’s Escrow Account, and the Authority may, at any time, require the Escrow Account Agent to furnish it with the information or particulars which it deems necessary to view.

  • The Central Bank of Bahrain shall, in agreement with the Authority, issue the rules regulating the conduct of the activities of the Escrow Account Agent and the conditions and the methods of appointing it and its powers, obligations, responsibilities and the procedures of deposit, disbursement and control over the account.

  • In case a Developer stalls or suspends temporarily or permanently the execution of the Off- Plan Sale project, for any reason whatsoever, the Authority may – after seeking the opinion of the Escrow Account Agent, take the necessary measures to safeguard the rights of Depositors and the project’s creditors to ensure completion of the project or refunding the amounts to their owners.

  • All payments paid by the Escrow Account Agent to Sellers, pursuant to this Article IX shall be distributed to Sellers, in accordance with their Proportional Share; provided, however, that in the event there are any prior indemnification payments made from the Escrow Account on behalf of any individual Sellers then the applicable Seller Representative shall adjust each Seller’s right to such disbursements from the Escrow Account accordingly.

  • Except as otherwise set forth in Section 8.3(a) above, in the event that this Agreement is terminated by any Party in accordance with Section 8.1, the Escrow Account Agent shall be required to pay to Purchaser, in accordance with the Escrow Agreement, an amount equal to the Purchase Agreement Deposit together with the interest accrued thereon received in the Escrow Account pursuant to Section 2.3 by wire transfer of immediately available funds to an account designated by Purchaser.


More Definitions of Escrow Account Agent

Escrow Account Agent means an entity within this state which is insured either by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation.
Sample 1
Escrow Account Agent means Wells Fargo Bank N.A., London Branch;
Sample 1
Escrow Account Agent means Apex Corporate Trustees (UK) Limited of 0xx Xxxxx 000 Xxxx Xxxxxx, Xxxxxx XX0X 0XX;
Sample 1
Escrow Account Agent means JPMorgan Chase Bank, N.A., or such other financial institution experienced in providing cash escrow services jointly appointed by the Buyer and the Sellers to open an account to hold the Escrow Amount; ​ ​
Sample 1

Related to Escrow Account Agent

  • 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).

  • 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.

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

  • 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.

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

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

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

  • Escrow Bank has the meaning specified in Section 2.15(c).

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

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

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

  • 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.

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • 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.

  • Account Agreement means the agreements for the operation of the Account.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

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

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.

  • 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.