Escrow Deposit Date definition

Escrow Deposit Date means the date that: (i) the Closing Documents (excluding the Amermin Side Letter, the Interim Power of Attorney and the Escrow Agreement) and the Initial Cash Payment (less the amount of the Released Cash) are deposited in escrow with the Escrow Agent pursuant to the Escrow Agreement; and (ii) the Released Cash shall be released to RSM as contemplated in the Amermin Side Letter. The Escrow Deposit Date shall be the Closing Date (but not if closing does not occur out of escrow);
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Escrow Deposit Date means December 8, 2008 or such later date as determined by the Company after providing written notice thereof to the Investors.
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Escrow Deposit Date means the date on which the Agent and the Banks receive certification by the Chief Financial Officer that (i) not later than the first Business Day immediately following such date, the Borrower shall make the Escrow Deposit and (ii) the Borrower has received Net Cash Proceeds of not less than $575,000,000 from the issuance of the Senior Unsecured Term Notes in the aggregate principal amount of $600,000,000.
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Examples of Escrow Deposit Date in a sentence

  • On or before three (3) business days after the Escrow Deposit Date (and in determining such three (3)-day period, the Escrow Deposit Date shall not be counted), Seller shall deliver to Purchaser a copy of a preliminary title report (the "Title Report") dated April 22, 2004, issued by Chicago Title Insurance Company (the "Title Company"), and relating to the Real Property, and a copy of the instruments listed in the Title Report as exceptions to the title of the Real Property (the "Underlying Documents").

  • No later than 5:00 p.m. (Irvine, California time) on the Escrow Deposit Date, Seller shall deliver to Purchaser (i) all Phase I environmental reports, if any, in the possession of Seller, and (ii) a list of all contracts affecting the Property which contracts are not terminable on thirty (30)-days' notice without breach, if any (the "Initial Documents").

  • Seller shall deliver to Purchaser on or before three (3) business days after the Escrow Deposit Date (and in determining such three (3)-day period, the Escrow Deposit Date shall not be counted) a copy of the most recent survey of the Real Property dated (the "Survey"), certified to Purchaser and the Escrow Agent in accordance with the form of certification attached hereto as Exhibit E and made a part hereof, qualifying as an ALTA certified completion survey acceptable to the Title Company (defined below).

  • This Agreement has been, and each of the Transaction Documents shall be, on or prior to the Escrow Deposit Date, duly executed and delivered by the Seller and constitutes, and each Transaction Document when so executed and delivered shall constitute, legal, valid and binding obligations of the Seller, enforceable against the Seller in accordance with its terms.

  • Notwithstanding the foregoing, the Parties hereto agree that on Closing in escrow on the Escrow Deposit Date, the Closing Documents (exclusive of the Amermin Side Letter, the Interim Power of Attorney and the Escrow Agreement) and the Initial Cash Payment (less the Released Cash) shall be deposited into escrow with the Escrow Agent, to be dealt with as provided in the Escrow Agreement.

  • This Agreement has been and each of the Transaction Documents shall be, on or prior to the Escrow Deposit Date, duly executed and delivered by the Buyer and this Agreement constitutes, and each Transaction Document when so executed and delivered shall constitute, legal, valid and binding obligations of the Buyer, enforceable against it in accordance with its terms.

  • The date the Escrow Release Condition is satisfied shall be the date that the Closing occurs out of escrow, however, the Closing Date, for the purposes of this Agreement (as well as the transfer of the ADIT Shares) once Closing occurs out of escrow after the Parties deliver an Escrow Release Certificate (as defined in the Escrow Agreement) shall be the Escrow Deposit Date.

  • Upon the selection of the Arbitrators, each of the parties shall be entitled to commence reasonable discovery through exchange of documents, requests for admissions or depositions, subject to the sole discretion of the Arbitrators, provided, however, that the Arbitrators shall limit depositions, if any, to those deemed essential to the fair and reasonable resolution of the dispute.

  • On the Escrow Deposit Date, subject to the Acquirers having complied with their obligation under paragraph B above, the Vendors would facilitate appointment of two (2) nominees of the Acquirers as directors on the board of the Target Company (“Board”) and a nominee as an observer (“Observer”) for a period until the Vendors’ Completion.

  • For greater certainty and without limitation, from the Escrow Deposit Date until the escrow is terminated pursuant to the terms and conditions of the Escrow Agreement, the Seller and its nominee representatives of the Company shall have no authority to take any actions or to do any acts or things with respect to the Company, it being understood and agreed that pursuant to the Interim Power of Attorney, the Buyer (alone) shall have (limited) rights with respect to the Company.


More Definitions of Escrow Deposit Date

Escrow Deposit Date shall have the meaning provided in Section 1.14.
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Escrow Deposit Date means the 15th of each month.
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Escrow Deposit Date means the date of the execution of this Addendum, namely December 18th, 2007;
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Escrow Deposit Date. As defined in Section 2.04(a).
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Related to Escrow Deposit Date

  • Deposit Date means, with respect to any Collection Period and Payment Date, the Business Day immediately preceding such Payment Date.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

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

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • 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).

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • Adjustment Escrow Funds means the amounts held in the Adjustment Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Initial Reserve Account Deposit Amount means an amount equal to $1,554,404.20.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

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

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Escrow Property has the meaning set forth in the Escrow Agreement.

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

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

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Final Collection Date means the date on or following the Termination Date on which the Outstanding Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full.

  • Adjustment Escrow Amount means $1,000,000.