Examples of Escrow Note in a sentence
Released Escrow Amount means an amount equal to all funds to be released from the Acquisition Agreement Escrow Account to Reorganized NWI, which funds shall, pursuant to an irrevocable written instruction by Reorganized NWI, be deposited by the Escrow Agent in the Tax Escrow Note Account, other than funds released pursuant to Section 3 of the Escrow Agreement but payable to the FCC in accordance with the FCC Sharing Stipulation.
The Tax Escrow Note Trustee, to the extent that it or the holders of the Tax Escrow Notes may be deemed to have an ownership interest in the Acquisition Agreement Escrow Account, shall grant VerizonWireless and VZW Corp.
The separate, binding terms of the Senior Credit Facility required that both Notes be repaid in three months, not a year.Further, the Escrow Note and the Tax Receivable Note were enmeshed in an intricate, short-term relationship with ION as they related to the settling of the Escrow and the receipt of the income tax receivable.
The Tax Escrow Notes shall be secured by a first-priority security interest in the Tax Escrow Note Account.
I note that this applies with lesser force to the Tax Receivable Note, because any right of set off due to a lesser than expected income tax receivable would be applied against the Escrow Note rather than the Tax Receivable Note, and so the principal due under the Tax Receivable Note was a fixed amount.