Escrow Payment Date definition

Escrow Payment Date means the date falling fifteen months from the Completion Date;
Sample 1Sample 2Sample 3
Escrow Payment Date means (i) the Escrow Expiration Date, (ii) the Final Escrow Release Date, or (iii) any other date on which amounts are released by the Escrow Agent for distribution to the Escrow Fund Recipients.
Sample 1Sample 2
Escrow Payment Date means the date of the agreement or determination of the Completion Accounts in accordance with Schedule 8; "Event" means any event, act, transaction, arrangement, default or omission including, without limitation, the receipt or accrual of any income or gains or any distribution, failure to distribute, acquisition, disposal, payment, loan or advance;
Sample 1

Examples of Escrow Payment Date in a sentence

  • Escrow Claim means a Claim made by AusSuper against the Warrantors in respect of a breach of Warrantor’s Warranty or under an Indemnity which has been notified to the Warrantors by AusSuper on or before the Escrow Payment Date in accordance with the procedure set out in clause 7.5. Escrow Claimed Amount has the meaning given to it in clause 5.4(a)(i).

  • If an Escrow Claim becomes an Agreed Claim (which, for the avoidance of doubt, may occur at any time before or after the Escrow Payment Date), Federation and AusSuper must, on the next Business Day, direct the Escrow Bank to pay to AusSuper from the Escrow Account the Agreed Claim Amount up to the extent of the Escrow Account Balance (provided that such Agreed Claim Amount is satisfied in accordance with clause 7.14).

  • On the next Business Day after the Escrow Payment Date, Federation and AusSuper must direct the Escrow Bank to pay to Federation by way of Escrow Funds an amount equal to the Escrow Account Balance less the aggregate amount of all Escrow Claimed Amounts applicable to such Unagreed Escrow Claims (if any) as at the Escrow Payment Date.

  • On each Escrow Payment Date, the Escrow Agent shall deliver the applicable Escrow Release Amount on behalf of the Purchaser to ENS Africa, for payment by ENS Africa to Webber Wentzel and for distribution by Webber Wentzel to the Sellers (other than DiGame) pro rata in accordance with their respective Sellers’ Escrow Proportions.

  • Provision of indemnities and extension of Escrow Payment Date A specific indemnity up to a maximum aggregate amount of US$5,000,000 has been given by the Vendors in respect of a conditional licence transfer consent which has been received.

  • On any Indemnified Tax Escrow Payment Date, any remaining funds in the Indemnified Tax Escrow Account (after distribution of any indemnifiable Losses owed to the Buyer Indemnitees pursuant to Section 9.02(a)) that are in excess of the Remaining Exposure Amount shall be disbursed to Sellers’ Representative (for the benefit of the Sellers).

  • In effect, the maximum aggregate amount payable for the Acquisition is US$29.6 million (equivalent to approximately HK$230.88 million).If there is a Net Sales Surplus, then within 10 Business Days of Escrow Payment Date (as defined below), (i) the Escrow Agent shall forthwith pay to the Vendors, the entire Escrow Amount, together with all and any interest accrued thereon; and (ii) Maxibase shall pay to the Vendors an amount equal to the excess, if any, of the Net Sales Surplus over the Escrow Amount.

  • No payment needed to be made if the common stock so valued equaled or exceeded $15.0 million on the Contingent Escrow Payment Date (or the applicable pro rata portion thereof).

  • On the Closing Date (the “ Escrow Payment Date ”), the Purchaser shall cause to be delivered to a separate account with Delaware Trust Company (the “ Escrow Agent ” and such account, the “ Escrow Account ”) the Escrow Amount in accordance with the terms of the Escrow Agreement.

  • On Escrow Payment Date, there shall be paid to the Sellers the amount standing to the credit of the Escrow Account, after deduction of: (a) any amount due to be paid to the Buyer under paragraph 3 but not yet paid to the Buyer; (b) the total amount claimed in respect of any Disputed Claims which have not, as at that date, become Settled Claims, which Disputed Claims shall be dealt with under paragraph 8; and (c) any amounts attributable to interest which shall be dealt with in accordance with paragraph 9.


More Definitions of Escrow Payment Date

Escrow Payment Date means January 30, 2002.
Sample 1
Escrow Payment Date has the meaning set forth in Section 10.03(b).
Sample 1
Escrow Payment Date means the Completion Date;
Sample 1
Escrow Payment Date has the meaning given to that term in the Agreement; and
Sample 1
Escrow Payment Date means three (3) Business Days following the expiration of the Escrow Period;
Sample 1
Escrow Payment Date means each date on which the Depository is required to deliver a portion of the Property to the Shareholders pursuant to Section 4(c) hereof, to wit, the first anniversary of the Closing Date, the second anniversary of the Closing Date, the third anniversary of the Closing Date and each of the dates set forth in clause (iv) in Section 4(c) hereof.
Sample 1

Related to Escrow Payment Date

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Escrow Paying Agent Means the Person acting as paying agent under the Escrow Agreement.

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Disbursement Date is defined in Section 2.6.2.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Remittance Date With respect to each Distribution Date, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of the month in which such Distribution Date occurs.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.