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

Escrow Bank means a Scheduled Bank as defined under Section 2(e) of the Reserve Bank of India Act, 1934 having a net worth of at least ` 1,000 Crore (Rupees One Thousand Crore), with which the Escrow Account is opened and maintained by the Developer;

Escrow Bank shall have the meaning set forth in Clause 13.1.1; "Escrow Default" shall have the meaning set forth in Schedule-E;

Examples of Escrow Bank in a sentence

In no event shall the Facility Providers, Escrow Bank or the Acquiring Bank be liable to the Merchant in any way under this agreement.
Company agrees that the payment of Customer Charge, less the Transaction Discount Rate / Transaction Charges shall be made to the Company only upon actual receipt of Customer Charge / Monies by Escrow Bank and upon reconciliation of funds by Acquiring Bank, WEIPL and the Escrow Bank.
The Acquiring Bank would process and accept the payment instructions given by the Customers on the Website in respect of the Transactions upon fulfilling valid criteria as set forth by the Acquiring Banks from time to time and accordingly transfer such approved funds from the Customer Account to WEIPL’ Escrow Account and WEIPL shall further instruct the Escrow Bank to transfer this amount to the Merchant.
Notwithstanding anything provided elsewhere in this Agreement, the Merchant shall, wherever possible, endeavour to dispatch the Products and Services to its Customers only upon confirmation from WEIPL that the reconciliation of fund is over between WEIPL, Acquiring Bank and the Escrow Bank, and upon confirmation that the funds have been received in the Merchant’s account.

More Definitions of Escrow Bank

Escrow Bank shall have the meaning as set forth in Schedule 9;

Escrow Bank means Skandinaviska Enskilda Banken AB (publ).

Escrow Bank means as set forth in Article 20.1;

Escrow Bank shall have meaning set forth in Clause 26.1.1

Escrow Bank means Swedbank AB (publ).