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.
Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.
Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.
Escrow Deposit has the meaning set forth in Section 3.3.
Escrow Cash is defined in Section 4.1(a).
Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.
Escrow End Date has the meaning specified in the Escrow Agreement.
Indemnity Escrow Agreement has the meaning set forth in Section 1.5.
Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).
Deposit Escrow Agreement has the meaning set forth in Section 2.2.
Escrow Agreement means the escrow agreement entered into prior to the date hereof, by and among the Company and the Escrow Agent pursuant to which the Purchasers, shall deposit Subscription Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder.
Escrow Amount has the meaning set forth in Section 2.1(c).
Title Company means First American Title Insurance Company.
Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).
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).
Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.
Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.
Indemnity Escrow Account has the meaning set forth in Section 2.3(c).
Escrow Bank has the meaning specified in Section 2.15(c).
Indemnity Escrow Amount means $5,000,000.
Escrow and Paying Agent Agreement means, with respect to any Class, 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.
Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.
Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.
Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.
Escrow Release Date has the meaning set forth in Section 9.6.
Escrowed Property has the meaning set forth in the Escrow Agreement.