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Escrow Accounts definition

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.
Escrow Accounts means the ‘no-lien’ and ‘non-interest bearing’ account(s) opened with Escrow Collection Bank and in whose favour the Anchor Investors will transfer money through direct credit or NEFT or RTGS or NACH in respect of the Bid Amount when submitting a Bid;
Escrow Accounts means a NOK bank account and/or EUR bank account and/or a SEK bank account opened by the Arranger with a reputable bank, on which the proceeds from the Bond Issues will be held by the Arranger until the Conditions Precedent for Disbursement have been fulfilled.

Examples of Escrow Accounts in a sentence

  • Prior to the Closing, Iris shall make all necessary and appropriate arrangements with respect to the Iris Escrow Accounts to enable the Contribution to be paid to the Company at Closing, and thereafter shall cause the Iris Escrow Accounts to terminate.

  • As of the date hereof, there are no Actions pending or, to the knowledge of Xxxx, threatened in writing with respect to the Iris IPO Escrow Accounts.

  • Upon consummation of the Transactions and notice thereof to the Iris Escrow Agent pursuant to the Iris Escrow Agreement, Iris shall cause the Iris Escrow Agent to, and the Iris Escrow Agent shall thereupon be obligated to, release to Iris as promptly as practicable, the Iris IPO Escrow Funds in accordance with the Escrow Agreement at which point the Iris IPO Escrow Accounts shall terminate.

  • Xxxx shall have made all necessary and appropriate arrangements to, with respect to the Iris Escrow Accounts, enable the Contribution to be paid to the Company at Closing, and all such funds released from the Iris Escrow Account shall be available to Iris in respect of all or a portion of the payment obligations set forth in Section 6.15.

  • All amounts payable to the BRLMs in accordance with the terms of the Engagement Letters, shall be payable directly from the Public Issue Account after transfer of funds from the Escrow Accounts to the Public Issue Account and immediately on receipt of the listing and trading approvals from the Stock Exchanges.


More Definitions of Escrow Accounts

Escrow Accounts has the meaning ascribed to such term in the Offer Documents.
Escrow Accounts means a SEK bank account, a NOK bank account and a USD bank account opened by the Arranger with a reputable bank, on which the proceeds from the issue of the Bonds will be held by the Arranger until the conditions precedent for disbursement of the Net Proceeds have been fulfilled.
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, workman’s 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
Escrow Accounts means accounts of the Borrower or any Subsidiary, solely to the extent any such accounts hold funds set aside by the Borrower or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by the Borrower 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 or funds established in connection with the ARB Indebtedness.
Escrow Accounts means the escrow accounts established by the Escrow Agreements.
Escrow Accounts means the account opened with the Escrow Collection Bank for the Offer and in whose favour the Anchor Investors will transfer money through direct credit or NEFT or RTGS or NACH in respect of the Bid Amount when submitting a Bid.
Escrow Accounts means the “Escrow Accounts” under and as defined in the Escrow Agreement.