Examples of Escrow Account Bank in a sentence
When the conditions in relation to Tranche 2 and Tranche 3 above have been fulfilled to the satisfaction of the Agent (acting reasonably) or waived, the Agent shall, upon the Issuer's request, instruct the Escrow Account Bank to promptly release the proceeds under the relevant Tranche from the Escrow Account to be applied in accordance with the Purpose of the Bond Issue.
Such security shall be provided by way of:- (i) an irrevocable on demand standby Letter of Credit or guarantee; or (ii) cash held in escrow [Escrow Account/ Bank Account]; or (iii) any other form included in The Company’s then current policy and procedure such letter of credit or guarantee or security to be in a form agreed in writing by The Company and to be given by a Qualifying Bank, or Qualifying Company.
Such security shall be provided by way of:- (i) an irrevocable on demand standby Letter of Credit or guarantee; or Deleted: 2Deleted: 7th April (ii) cash held in escrow [Escrow Account/ Bank Account]; or (iii) any other form included in The Company’s then current policy and procedure such letter of credit or guarantee or security to be in a form agreed in writing by The Company and to be given by a Qualifying Bank, or Qualifying Company.
After Client has completed all required steps to enroll in the Service and establish an Escrow Account, Bank will provide training for Client on use of the Service.At the time of opening a Master Account or Sub-Account, Client will designate the type of Escrow Account.
The Escrow Account Bank shall operate the Escrow Accounts in accordance with the terms of the Funding & Utilization Agreement and/or the GoS Debt Repayment Support Agreement (as the case may be).