Examples of Escrow Fund Agreement in a sentence
Refunding Bonds of 2010 Escrow – accounts for monies held in an escrow fund in accordance with the Special Escrow Fund Agreement of the General Obligation Limited Tax Taxable Refunding Bonds of 2010.
Ten Thousand Dollars ($10,000) of the Escrow Fund shall be held until the French Operative Date, after which date such amount shall be released to Seller pursuant to the provisions of the Escrow Fund Agreement.
Neither the execution and delivery of this Agreement, the Escrow Fund Agreement or any of the Ancillary Agreements , nor the consummation of the transactions contemplated herein or therein, will have a material adverse effect on the operations, assets, or financial condition of Parent or Purchaser.
The execution and delivery of this Agreement, the Escrow Fund Agreement and the Ancillary Agreements to which each of Parent and Purchaser is or will be a party have been duly and validly approved and authorized by the board of directors of each of Parent and Purchaser.
Each of Parent and Purchaser has the right, power, legal capacity and authority to enter into and perform their respective obligations under this Agreement, the Escrow Fund Agreement and the Ancillary Agreements to which it is or will be a party.
All requisite corporate action on the part of Seller has been taken to authorize the execution and delivery of this Agreement, the Ancillary Agreements, the Escrow Fund Agreement, and the Bill xx Sale, Assignment and Assumption Agreement.
Seller shall have executed and delivered to Purchaser the Escrow Fund Agreement in the form attached hereto as Exhibit B.
Seller has all requisite power and authority to execute and deliver this Agreement, the Ancillary Agreements, the Escrow Fund Agreement, and the Bill xx Sale, Assignment and Assumption Agreement, and at the time of the Closing, will have all requisite power and authority to carry out the transactions contemplated in this Agreement, the Ancillary Agreements, the Escrow Fund Agreement and the Bill xx Sale, Assignment and Assumption Agreement.
On the Closing Date, the Escrow Fund shall be deposited by Purchaser with Harrxx Xxxk as escrow agent (the "Escrow Agent"), and the Escrow Fund shall be governed by and administered according to the terms and conditions of this Agreement and the Escrow Fund Agreement.
The remainder of the Escrow Fund shall be held as collateral for Seller's indemnification obligations pursuant to Article XII of this Agreement and pursuant to the provisions of the Escrow Fund Agreement.