Escrow Entity definition

Escrow Entity any direct or indirect Subsidiary of the Borrower formed solely for the purposes of issuing any bonds, notes, term loans, debentures or other debt.
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Escrow Entity means a special purpose escrow subsidiary of the Borrower or a newly formed special purpose corporation (which may not be a subsidiary of the Borrower) formed for the sole purpose of issuing debt securities, the proceeds of which will be placed in escrow pursuant to a customary escrow agreement that contemplates the release of such proceeds upon the earlier of (a) the closing of the acquisition of Citadel Broadcasting Corporation to fund a portion of the consideration in respect of such acquisition or (b) June 8, 2012 to fund a special redemption of such debt securities at a redemption price of 100% of the principal amount thereof, if redeemed during the first 90 days following the issuance of such debt securities, or 101% of the principal amount thereof if redeemed thereafter; provided that such Escrow Entity (a) shall have no Indebtedness other than Non-Recourse Debt; (b) shall be a Person with respect to which neither the Borrower nor any of its Subsidiaries has any direct or indirect obligation (x) to subscribe for additional Equity Interests of such Person or (y) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; and (c) shall not guarantee or otherwise provide credit support for any Indebtedness of the Borrower or any of its Subsidiaries.
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Examples of Escrow Entity in a sentence

  • The Bank of New York N/A Escrow Account MassPort Boston Escrow Entity Name Bank Name Account Number Type of Account Description Delta Air Lines, Inc.

Related to Escrow Entity

  • Escrow End Date has the meaning set forth in the Escrow Agreement.

  • Escrow Agent has the meaning set forth in Section 2.3.

  • 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.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

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

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

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • 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 Property has the meaning set forth in 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 Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Seller has the meaning set forth in the Preamble.

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

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

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

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

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C of the Plan.

  • Escrow Cash is defined in Section 4.1(a).

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

  • Escrow Accounts means a SEK bank account and/or EUR bank account and/or a NOK bank account opened by the Arranger with a reputable bank on which the proceeds from the Bond Issue will be held until the Conditions Precedent for Disbursement have been fulfilled.

  • 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.

  • Seller Affiliate means any Affiliate of Seller.

  • Permitted Special Servicer/Affiliate Fees Any commercially reasonable treasury management fees, banking fees, title insurance and/or other insurance commissions and fees, title agency fees, and appraisal review fees received or retained by the Special Servicer or any of its Affiliates in connection with any services performed by such party with respect to any Serviced Loan or REO Property, in each case, in accordance with Article III of this Agreement.

  • 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.

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.