Escrow Letter definition

Escrow Letter means, with respect to any Wet Loan that becomes subject to a Transaction before the end of the applicable rescission period, an escrow agreement or letter, which is fully assignable to Buyer, stating that in the event of a Rescission or if for any other reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for and for the benefit of Buyer and such funds shall be returned to Seller not later than one Business Day after the date of Rescission or other failure of the Loan to fund on a given day.

Escrow Letter means the letter, in the agreed form, to be signed by the parties instructing and authorising the Escrow Agents to establish and operate the Escrow Account;

Escrow Letter means a letter substantially in the form of Exhibit L hereto.

Examples of Escrow Letter in a sentence

• The current form of the Break Escrow Letter is attached hereto as Exhibit B.

• Such Escrow Letter inures to the benefit of, and the rights thereunder may be enforced by, the loan originator and its successors and assigns, including Buyer.

• The Break Escrow Letter shall indicate: (i) the date on which the Minimum Offering was achieved or satisfied; and (ii) the actual total number of Shares sold as of such date.

• The current form of the Break Escrow Letter is attached hereto as Exhibit C.

• If any of the instruments of payment are returned to the Escrow Agent for nonpayment prior to receipt of the Break Escrow Letter (as described below), the Escrow Agent shall promptly notify the Company in writing via mail, e-mail or facsimile of such nonpayment, and is authorized to debit the Escrow Account, as applicable in the amount of such returned payment.

More Definitions of Escrow Letter

Escrow Letter means the letter, of even date herewith, to be signed by the Buyer, the Sellers’ Representative and the Management Sellers’ and Precis Representative instructing and authorising the Escrow Agents to establish and operate the Retention Account;

Escrow Letter means the letter agreement dated August 8, 2017 among Conn Appliances, Inc., the Depositor, the 2016-A Issuer, the Issuer, the Administrative Agent and Xxxxx Fargo Bank, National Association, as indenture trustee.

Escrow Letter shall have the meaning set forth in Section 10.5.

Escrow Letter means the letter of the date hereof between the Vendor and the Purchaser relating to the Escrow Account;

Escrow Letter means, with respect to any Wet Loan that becomes subject to a Transaction, an escrow agreement or letter, which is fully assignable to Buyer, stating that in the event of a Rescission or if for any other reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for and for the benefit of Buyer and such funds shall be returned to Seller not later than one Business Day after the date of Rescission or other failure of the Loan to fund on a given day.

Escrow Letter means a letter to be signed in Agreed Form by the Escrow Agent, the Vendor, Group and the Purchaser relating to the arrangements for Completion Escrow.

Escrow Letter means that certain escrow letter dated March 2, 1998, by and among Lazard Brothers & Co., Limited, The Energy Group PLC, Peabody Investments Inc. and P&L Coal Holdings Corporation.