Escrow Requirement definition

Escrow Requirement means the portion of the sale proceeds of the Bonds deposited in the Escrow Fund to be invested and used to refund the Refunded Bonds as provided in the Escrow Agreement.

Escrow Requirement means, as of any date of calculation, the sum of an amount in cash and principal amount of Investment Obligations in the Escrow Fund which together with the interest to become due on the Investment Obligations will be sufficient to pay the Total Debt Service on the Refunded Bonds in accordance with Schedule A.

Escrow Requirement means, as of any date of calculation, the sum of an amount in cash and principal amount of Escrow Investments in the Escrow Account which, together with the interest due on the Escrow Investments, will be sufficient to pay, as the installments thereof become due, the Aggregate Debt Service.

Examples of Escrow Requirement in a sentence

• Appendix A to Part 760—Sample Form ofNotice of Special Flood Hazards and Availability of Federal Disaster Relief AssistanceAppendix B to Part 760—Sample Form of Notice of Requirement to Escrow for Outstanding LoansAppendix C to Part 760—Sample Escrow Requirement Clause for Loans that Become Designated LoansAuthority: 12 U.S.C. 1757, 1789; 42 U.S.C.4012a, 4104a, 4104b, 4106, and 4128.§ 760.1 Authority, purpose, and scope.

• Open-End Credit and Reverse Loans Should Be Exempt From the Escrow Requirement The amount of required flood insurance coverage is based in part on the outstanding loan balance.

• Appendix A to Part 339—Sample Form ofNotice of Special Flood Hazards and Availability of Federal Disaster Relief AssistanceAppendix B to Part 339—Sample Form of Notice of Requirement to Escrow for Outstanding LoansAppendix C to Part 339—Sample Escrow Requirement Clause for Loans that Become Designated LoansAuthority: 12 U.S.C. 1462, 1462a, 1463,1464, 1819 (Tenth), 5412(b)(2)(C) and 42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128.§ 339.1 Authority, purpose, and scope.

• Appendix C to Part 22–SAMPLE ESCROW REQUIREMENT CLAUSE FOR LOANS THAT BECOME DESIGNATED LOANS Escrow Requirement ClauseFederal law requires a lender or its servicer to escrow all premiums and fees for flood insurance that covers any residential building or mobile home securing a loan that is located in an area with special flood hazards.

• The Escrow Agent shall purchase the Escrowed Securities solely from the Escrow Requirement moneys deposited in the Escrow Deposit Trust Fund.

More Definitions of Escrow Requirement

Escrow Requirement has the meaning assigned to that term in Section 2.4;

Escrow Requirement has the meaning assigned to that term in Section 2.5; “Escrow Securities” has the meaning assigned to that term in Section 2.4; “Exchange” means the Canadian Securities Exchange;

Escrow Requirement means, as of any date of calculation, the amount necessary to pay, as it becomes due, at maturity or upon prior redemption, the Aggregate Debt Service.

Escrow Requirement has the meaning assigned to that term in Section 2.4; (jj) “Escrow Shares” has the meaning assigned to that term in Section 2.4;

Escrow Requirement has the meaning assigned to that term in Section 2.8; (qq) “Escrow Shares” has the meaning assigned to that term in Section 2.8;

Escrow Requirement means the requirement for each Electing Holder to advance:

Escrow Requirement has the meaning assigned to that term in Section 8; “Exchange” or “CSE” means the Canadian Securities Exchange;