Escrow and Disbursing Agreement definition

Escrow and Disbursing Agreement means the Escrow and Disbursing Agreement by and among the Borrower, the First Deed of Trust Lender, the City, the Agency, the Investor, the Architect, the General Contractor and Title Agent(s), of even date herewith.
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Escrow and Disbursing Agreement means the Escrow and Disbursing Agreement dated as of July 1, 2005 by and among, the Borrowers, the Director and the Escrow Agent, as from time to time amended or modified.
Sample 1

Examples of Escrow and Disbursing Agreement in a sentence

  • If required by the City, the Borrower immediately will deposit all Loan proceeds advanced by the City in a separate and exclusive demand deposit account with a financial institution acceptable to the City, and the City, at its option, may make any advance directly to such account with the Title Company in accordance with the Escrow and Disbursing Agreement (with the date of the deposit being the date of the advance for all purposes).

  • All draw disbursements shall be made in accordance with the Escrow and Disbursing Agreement.

  • Draw requests will occur no more often than monthly, only with proper certification of completion from the Architect, and with the retainage being paid as set forth in the Escrow and Disbursing Agreement.

  • If for any reason the proceeds of the R & D Loan in the Escrow Account shall at any time be or become insufficient to complete the Provision of the Project, regardless of how such condition may be caused, the Borrowers will pay all costs of Provision of the Project until the R & D Loan is in balance and until such payments have been made, the Director will not be obligated to authorize the Escrow Agent to make any further disbursements under the Escrow and Disbursing Agreement.

  • Respondent signed the last page of the Escrow and Disbursing Agreement and, according to the facsimile line, sent it to Bryers on February 12, 1999.

  • Seller shall certify that a copy of a Lease is true, correct and complete to its knowledge with respect to those Leases for which Purchaser has not received an original Lease or a tenant estoppel certificate so certifying as to such Lease.

  • The disbursements made by the Director to the Escrow Agent (as defined in the Loan Agreement) shall not exceed the face amount of this Note and the total amount of such disbursement is limited by and subject to the conditions for making disbursement of the R & D Loan as set forth in the Loan Agreement and the Escrow and Disbursing Agreement.

  • Pending disbursement in accordance with this Loan Agreement and the Escrow and Disbursing Agreement, amounts in the Escrow Account shall be held by the Escrow Agent in the Escrow Account.

  • The Escrow and Disbursing Agreement called for the $100,000 to be held in escrow until the closing of the loan.

  • A copy of this letter as well as a copy of the Escrow and Disbursing Agreement was sent to Respondent.

Related to Escrow and Disbursing Agreement

  • Separation and Distribution Agreement has the meaning set forth in the Recitals.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Escrow Agreement means the escrow agreement entered into prior to the date hereof, by and among the Company, the Escrow Agent and the Placement Agent pursuant to which the Purchasers shall deposit Subscription Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, in the form of Exhibit B hereto.

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • Post-Closing Agreement shall have the meaning set forth in Section 8.9.

  • Escrow Agreements means one or more of the agreements between the Company, the Partnership and one or more of the Performance Investors, dated as of the closing of the date of the initial public offering of the common stock of the General Partner, pursuant to which the Performance Investors have deposited their Performance Shares in escrow for possible transfer to the General Partner or the Partnership (as applicable).

  • Dividend Disbursing Agent shall have the meaning designated in Section 5.2(e) hereof.

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

  • Escrow and Paying Agent Agreement means, with respect to either Class of Certificates, the Escrow and Paying Agent Agreement pertaining to such Class dated as of the date hereof between the Escrow Agent, the Underwriters, the Trustee for such Class and the Paying Agent, as the same may be amended, modified or supplemented from time to time in accordance with the terms thereof.

  • Disbursement Agreement that certain Master Disbursement Agreement, dated as of , 2002, among the Borrower, the Administrative Agent and the other parties signatory thereto, as the same may hereafter be amended or modified in accordance with its terms and the terms of the Credit Agreement.

  • Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • 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.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Escrow Cash is defined in Section 4.1(a).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • closing agreement as described in Section 7121 of the Code (or any corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the Closing Date; (iii) installment sale or open transaction disposition made on or prior to the Closing Date; or (iv) prepaid amount received on or prior to the Closing Date;

  • Alternative Acquisition Agreement has the meaning set forth in Section 5.3(d).

  • 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.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Deposit has the meaning set forth in Section 2.1.

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

  • Exchange Agent Agreement has the meaning set forth in Section 2.5(a).

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.