Escrow Deposit Fund definition

Escrow Deposit Fund has the meaning set forth in Section 1.5.
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Escrow Deposit Fund means the fund so designated which is created and established by this Escrow Deposit Agreement.
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Escrow Deposit Fund means the Escrow Deposit Fund so designated and established pursuant to Section 2.01 hereof.
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Examples of Escrow Deposit Fund in a sentence

  • The Student Activity Fund and the Escrow Deposit Fund are the Town’s two agency funds.

  • The Town maintains two agency funds, the School Activities Fund and the Escrow Deposit Fund.

  • The amount borrowed by the State of Rhode Island was deposited in an Escrow Deposit Fund (irrevocable trust) to be used to pay, redeem, or retire the State of Rhode Island’s General Obligation Bonds dated May 1, 1984.

  • All future payments of both principal and interest will be provided for from an Escrow Deposit Fund (See “ Refunding Financial Plan” herein); however, the Local Finance Law of the State does not provide for the exclusion of such debt from the District’s debt statement.

  • All investment income on and the maturing principal of the Escrow Securities held in the Escrow Deposit Fund will be irrevocably deposited by the City for payment of the Refunded Bonds.

  • The Authorized Representative is authorized to appoint a verification agent to confirm that the funding the Escrow Deposit Fund is sufficient to pay when due the principal and interest on the Series 2007 Bonds and Siemens Agreement which are being refunded, to the redemption date or the final maturities, as the case may be.

  • In all cases other than a termination of this Agreement by Seller as described in Section 10.5, which shall result in the payment of the Escrow Deposit Fund to Seller (or Seller’s designee) in accordance with Section 10.5 hereof, the Escrow Deposit Fund shall be released to Buyer upon a termination of this Agreement in accordance with its terms.

  • The City determines that, upon deposit into the Escrow Deposit Fund of Government Obligations in an amount calculated to be sufficient to pay the principal of and interest on the Series 2007 Bonds and Siemens Agreement being refunded, such deposit shall fully defease the Series 2007 Bonds and Siemens Agreement being refunded.

  • At the Closing, the Escrow Deposit Fund and all interest on, or other proceeds (the “Earnings”) of, the Escrow Deposit Fund shall be applied toward the Purchase Price.

  • The Authorized Representative is authorized to designate an Escrow Agent to administer the Escrow Deposit Fund and to execute the Escrow Deposit Agreement for and on behalf of the City.


More Definitions of Escrow Deposit Fund

Escrow Deposit Fund means the fund created pursuant to Section 2.01 of this Agreement and shall include the 2009 Advance Refunding Account and the 2010A Advance Refunding Account.
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Escrow Deposit Fund means the fund created pursuant to Section 2.01 of this Agreement.
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Escrow Deposit Fund shall have the meaning set forth in Section 2.1(a).
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Related to Escrow Deposit Fund

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

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

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

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

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

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

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • 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.

  • Indemnity Escrow Amount means $5,000,000.

  • Expense Fund has the meaning set forth in Section 10.1(e).

  • Indemnity Escrow Agreement has the meaning set forth in Section 6.3(p).

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

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

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

  • Escrow Deposit Agreement means the agreement provided for in Section 4.02(a) of this Resolution.

  • 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.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

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