Examples of Escrow Issuers in a sentence
Prior to the Notes Assumption, the activities of the Escrow Issuers shall be restricted to issuing the Notes, issuing Capital Stock to, and receiving capital contributions from, Cequel or its Subsidiaries, performing their respective obligations under this Indenture and the Escrow Agreement, consummating the Notes Assumption or redeeming the Notes on the Escrow Redemption Date, as applicable, and conducting such other activities as are necessary or appropriate to carry out the activities described above.
Except as specified herein, the Escrow Issuers will not own, hold or otherwise have any interest in any assets other than the Escrow Account and the funds on deposit therein or credited thereto.
Prior to the Notes Assumption, the Escrow Issuers will not incur any Indebtedness other than the Notes.
The obligations of the Escrow Issuers and Cequel under this section shall survive any termination of this Agreement and the resignation or removal of the Escrow Agent.
The Escrow Agent may resign and be discharged from the performance of its duties hereunder at any time by giving thirty days prior written notice to the Escrow Issuers specifying a date when such resignation shall take effect.
The Escrow Issuers and Cequel shall, jointly and severally, promptly after receipt of an itemized invoice, pay, upon demand, any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which the Escrow Agent or any indemnified party is entitled to seek indemnification pursuant to this Agreement).
Without limiting any other term of this 12 LA\2943185.7 Agreement, the Escrow Issuers and Cequel shall provide to the Escrow Agent in writing all information that the Escrow Agent requires to comply with IRS 1099-B reporting obligations.
It is the intention of the parties hereto that this Agreement create a true escrow and none of the Escrow Issuers or Cequel shall have any ownership of, or rights in, the Escrow Account or the Escrow Property, other than the limited contractual right to receive the Escrow Property (other than the Initial Purchasers Fee Amount) under the circumstances specified in Section 4 hereof.
If to the Escrow Issuers or Cequel at: Cequel Communications Holdings I, LLC ATTN: Xxxxx Xxxxxxx Address: 00000 Xxxxxxxxxxx Xxxxx, Xxxxx 000 Xx. Xxxxx, XX 00000 Facsimile: (000) 000-0000 Telephone: (000) 000-0000 E-mail: xxxxx.xxxxxxx@xxxxxx0.xxx with a copy to: Xxxx Xxxxxxxx LLP ATTN: Xxxxxxx X.
The Escrow Issuers, Cequel and the Trustee hereby appoint the Escrow Agent to serve as escrow agent hereunder.