Escrow Disbursement Date definition

Escrow Disbursement Date means each date upon which Escrow Funds are disbursed to, or for the benefit of, the Company from the Escrow Account pursuant to the Escrow Disbursing Agreement.
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Escrow Disbursement Date means each date upon which Escrow Funds are disbursed to, or for the benefit of, the Company from the Escrow Account pursuant to the Escrow Disbursing Agreement, and the final Escrow Disbursement Date shall not be later than July 30, 2010. There shall not be more than one (1) Escrow Disbursement Date in any thirty (30) day period.
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Escrow Disbursement Date has the meaning set forth in Section 1.2(b).
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Examples of Escrow Disbursement Date in a sentence

  • Escrow Agent will disburse to each Seller such Seller's Deposited Escrow Shares on that date (the "Escrow Disbursement Date") which is one year and five days after the Closing Date.

  • Escrow Agent will disburse the remainder of the GCI Escrow Cash not required to be retained pursuant to the preceding sentence to GCI on the Escrow Disbursement Date.

  • If, prior to the Escrow Disbursement Date, Escrow Agent receives a certificate signed on behalf of Seller (a "Seller's Claim Certificate") in the form of Exhibit B with completed information concerning the nature and amount of an indemnification claim by Seller under the Purchase Agreement ("Seller's Claim Amount"), Escrow Agent shall retain in the Escrow Fund that amount of GCI Escrow Cash as is equal to the certified Seller Claim Amount for disbursement ("Retained GCI Cash").

  • Escrow Agent will disburse the remainder of the Seller's Escrow Cash not required to be retained pursuant to the preceding sentence to Seller on the Escrow Disbursement Date.

  • If, prior to the Escrow Disbursement Date, Escrow Agent receives a certificate signed on behalf of GCI (a "GCI Claim Certificate") in the form of Exhibit A with completed information concerning the nature and amount of an indemnification claim by GCI under the Purchase Agreement ("GCI Claim Amount"), Escrow Agent will retain in the Escrow Fund that amount of cash equal to the certified GCI Claim Amount for disbursement in accordance with Section 3(a)(i) or (ii) as applicable ("Retained Seller's Cash").

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  • Following final resolution of any disputes remaining as of the Escrow Disbursement Date, the Disputed Escrow Cash shall be delivered to the Seller or Buyer, as appropriate, in accordance with the terms of the Escrow Agreement.

  • Except as otherwise expressly provided herein, all such payments shall be made to the Agent, for the account of the respective Lenders to which such payment is owed, at the Agent’s Office in immediately available funds not later than 11:00 a.m. (Central time) on the date specified herein.

  • Escrow Agent will disburse the remainder of the Seller's Escrow Notes that are not required to be retained pursuant to the preceding sentence to Seller on the Escrow Disbursement Date.


More Definitions of Escrow Disbursement Date

Escrow Disbursement Date has the meaning set forth in Section 9.12.
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Related to Escrow Disbursement Date

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Disbursement Date is defined in Section 2.6.2.

  • Disbursement Period means the period during which Grant Funds may be disbursed.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Reimbursement Date as defined in Section 2.3.2.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • 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.

  • Disbursement is defined in Section 2.6.2.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • New Funds Amount means the amount equal to the product of a Lender’s increased Commitment or a CI Lender’s Commitment (as applicable) represented as a percentage of the aggregate Commitments after giving effect to any Commitment Increase, times the aggregate principal amount of the outstanding Loans immediately prior to giving effect to such Commitment Increase, if any, as of any Commitment Increase Effective Date (without regard to any increase in the aggregate principal amount of Loans as a result of borrowings made after giving effect to such Commitment Increase on such Commitment Increase Effective Date); (ii) “Reducing Percentage Lender” means each then existing Lender immediately prior to giving effect to any Commitment Increase that does not increase its respective Commitment as a result of such Commitment Increase and whose relative percentage of the Commitments shall be reduced after giving effect to such Commitment Increase; and (iii) “Reduction Amount” means the amount by which a Reducing Percentage Lender’s outstanding Loans decrease as of any Commitment Increase Effective Date (without regard to the effect of any borrowings made on such Commitment Increase Effective Date after giving effect to the Commitment Increase occurring on such Commitment Increase Effective Date).

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

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.