Escrow Cash Account definition

Escrow Cash Account means a bank account of the Issuer, into which the Net Proceeds will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Escrow Account Pledge Agreement.
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Escrow Cash Account means an US Dollar denominated account opened by CopyTele Sub and Mars with the Escrow Agent
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Escrow Cash Account means the escrow account being a non-interest bearing and no-lien account referred to in Clause 4.1 of this Agreement in the name and title of “QUICK HEAL TECHNOLOGIES LIMITED BUYBACK ESCROW ACCOUNT with the terms of this Agreement;
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Examples of Escrow Cash Account in a sentence

  • A few States highlighted the need for border and immigration officials to be trained on basic refugee protection, suggesting that further training and awareness raising of international protection obligations is nevertheless a concern.

  • Further, the Company hereby irrevocably and unconditionally authorizes the Escrow Bank to abide by and follow the written instructions of the Merchant Banker in relation to the operation of the Escrow Cash Account and the Special Account.

  • The Parties shall within the notice period appoint any successor Escrow Bank to perform the acts and duties of the Escrow Bank, failing which the Escrow Bank shall on the expiry of the notice period transfer the funds lying to the credit of the Escrow Cash Account & Special Account to an account designated by the Company.

  • Company hereby irrevocably and unconditionally empowers Merchant Banker, to the exclusion of any other person, to instruct the Escrow Bank to make such appropriation and/or payments from the amounts lying to the credit of the Escrow Cash Account and Special Account in terms of the SEBI Regulations and subject to the provisions of this Agreement.

  • The Escrow Agent shall not in any case whatsoever use the assets held in the Escrow Cash Account and or Special Account to satisfy this indemnity.

  • The Escrow Bank shall not be entitled to deduct from the monies lying in the Escrow Cash Account or the Special Account any fees, taxes, expenses and disbursements charged or incurred by them in connection with this Agreement and under no circumstances shall the Escrow Bank, whether due to delay in receipt of payment of any fees, expenses or disbursements from the Company or for any other reason, withhold any transfer from the Escrow Cash Account or the Special Account.

  • Firstly, upon receipt of certificate from the Merchant Banker in the form and manner as set out in Annexure VII, the Escrow Bank shall within (one) business day (not later than the required statutory period) transfer from Escrow Cash Amount to the Special Account such sum as would, constitute NOT MORE THAN 90% of the amount lying in the Escrow Cash Account.

  • Only on receipt of a Communication from the Authorized Representative of the Merchant Banker shall the Escrow Bank be entitled to release any amounts lying in the Escrow Cash Account or Special Account for the purposes and in the manner specified as set out in this Agreement, including by way of transfer to the Special Account.

  • On the day of execution of this Agreement, the Escrow Bank shall open the Escrow Cash Account titled “CARE Ratings Limited - Buyback Escrow A/c 2022” and confirm the same to the Company and the Merchant Banker as per the format specified in Annexure I.

  • Thirdly, on receipt of certificate from the Merchant Banker in the form and manner as set out in Annexure VIII that the Company has complied with all obligations under the SEBI Regulations, the Escrow Bank shall transfer to the Company within 1 (one) Business day, the balance of the amounts lying in the Escrow Cash Account to the Bank account of the Company.


More Definitions of Escrow Cash Account

Escrow Cash Account shall have the meaning given to it in the Escrow Agreement;
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Escrow Cash Account is defined in Section 1.11(a).
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Escrow Cash Account means the escrow account being an interest bearing account referred to in Clause 4.1 of this Agreement in the name and title of “CARE Ratings Limited - Buyback Escrow A/c 2022” to be opened by the Company with the Escrow Bank pursuant to the Applicable Law for the purposes of the Offer and to be operated by the Escrow Bank in accordance with the terms of this Agreement;
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Related to Escrow Cash Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

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

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

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

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

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

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Indemnity Escrow Amount means $3,000,000.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Member Account means the regular account and the variable account.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Investment Account As defined in Section 3.12(a).

  • Umbrella Cash Account means (a) a cash account designated in a particular currency opened

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.