Escrow Fund definition

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

Escrow Fund means the Escrow Amount held by the Escrow Agent in accordance with this Agreement and the Escrow Agreement.

Escrow Fund has the meaning ascribed to it in Section 7.2(a).

Examples of Escrow Fund in a sentence

• No withdrawals, transfers, or reinvestment shall be made of cash balances in the Escrow Fund, except as provided in Sections 3.01, 3.02, 4.01 and 4.02 hereof.

• Notice of any such insufficiency shall be given as promptly as practicable as hereinafter provided, but the Escrow Agent shall not in any manner be responsible for any insufficiency of funds in the Escrow Fund or the Issuer's failure to make additional deposits thereto.

• The liability of the Escrow Agent to transfer funds for the payment of the principal of and interest on the Refunded Obligations shall be limited to the proceeds of the cash balances from time to time on deposit in the Escrow Fund.

• The Escrowed Securities and other assets of the Escrow Fund shall always be maintained by the Escrow Agent as trust funds for the benefit of the owners of the Refunded Obligations; and a special account thereof shall at all times be maintained on the books of the Escrow Agent.

• Unless it is specifically otherwise provided herein, the Escrow Agent has no duty to determine or inquire into the happening or occurrence of any event or contingency or the performance or failure of performance of the Issuer with respect to arrangements or contracts with others, with the Escrow Agent's sole duty hereunder being to safeguard the Escrow Fund, to dispose of and deliver the same in accordance with this Agreement.

More Definitions of Escrow Fund

Escrow Fund has the meaning set forth in Section 3.5.

Escrow Fund shall have the meaning set forth in Section 2.3(d).

Escrow Fund shall have the meaning set forth in Section 9.1(g).

Escrow Fund has the meaning set forth in Section 1.6(a).

Escrow Fund has the meaning given to such term in the Escrow Agreement.

Escrow Fund shall have the meaning provided in Section 7.4(c) hereof.

Escrow Fund has the meaning set forth in Section 2.3(a) of this Agreement.