Escrow Deed definition

Escrow Deed means the escrow deed dated 26 September 2018 between, amongst others, the Credit Agricole Corporate and Investment Bank as escrow agent, the existing securitisation parties as described therein, the existing rcf parties as described therein and the new securitisation parties as described therein.

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Escrow Deed means the escrow deed dated 13 October 2010 between the Issuer and Deutsche Bank AG pursuant to which the Issuer has agreed to deposit on the Closing Date the sum of US$45,281,000 into an escrow account with Deutsche Bank AG (the "Escrow Account"), and has agreed that sums may only be withdrawn from that account as provided in the escrow deed. The operation of and access to the Escrow Account shall be outside the control of the Trustee. Any moneys held in the Escrow Account shall not be subject to Security. The Trustee shall have no control over the Escrow Account and no power to hold any moneys held therein as trust monies before or after the occurrence of an Event of Default or otherwise. Bondholders shall have no recourse to the Trustee whatsoever in respect of the Escrow Deed or the Escrow Account. The Trustee shall have no liability to Bondholders or any other person in respect of the Escrow Deed, the Escrow Account, its proceeds or the terms on which moneys held in the Escrow Account are released.

Escrow Deed means the senior notes escrow deed entered into on or about the date hereof, between, among others, the Issuer, the Trustee and the Escrow Agent in connection with the funding of the proceeds of the Initial Notes into segregated escrow accounts.

Examples of Escrow Deed in a sentence

• The Escrow Amount shall be held and distributed by the Escrow Agent in accordance with Section 1.6 and the Escrow Deed (as defined below).

• The Deposit will vest in the Vendor by virtue of Completion and on Completion, the Vendor and the Purchaser shall instruct the Stakeholders to pay the Deposit to the Vendor in accordance with the Escrow Deed.

• The Guarantor has, in the Trust Deed, unconditionally and irrevocably guaranteed the due and punctual payment of all sums payable by the Issuer under the Trust Deed, the Escrow Deed and the Bonds (the Guarantee).

• If the Deposit is forfeited to the Vendor in accordance with this clause 5.1.3, the Vendor and the Purchaser shall instruct the Stakeholders to pay the Deposit to the Vendor in accordance with the Escrow Deed.

• The Company may not deliver the Additional Escrow Release Notice (as defined in the Escrow Deed) until such time as the conditions subsequent set out in paragraphs (i) and (j) of Clause 17.39 (Condition Subsequent) have been satisfied or otherwise waived.

More Definitions of Escrow Deed

Escrow Deed means the deed between the Purchaser, the Vendors’ Representatives and the Escrow Agent;

Escrow Deed has the meaning given in the preamble to these Conditions.

Escrow Deed means the deed of adherence in relation to arrangements under the Purchase Agreement including, inter alia, certain of the consideration shares held in escrow, to be entered into on or around the date hereof;

Escrow Deed means the Escrow Deed in the form attached as Annexure B.

Escrow Deed means a deed between the State, the relevant third party supplier and the Escrow Holder in substantially the form of Schedule 1 (Escrow Deed) to the IP Licence Deed.

Escrow Deed means the deed proposed to be entered by the Company and ClearView which imposes the Escrow Restrictions on the Consideration Shares;

Escrow Deed means the escrow deed dated on or around the Signing Date entered into by Credit Agricole Corporate and Investment Bank, as escrow agent, the parties to certain prior financings of the Hertz Group and the New Securitisation Parties (as defined therein).