Escrow Settlement Funds definition
Examples of Escrow Settlement Funds in a sentence
The costs of publishing and distributing the First Notice shall be paid from the Escrow Settlement Funds as and when incurred.
After the transfer of the Escrow Account to the Administrator, the Administrator shall provide an accounting to the Parties every three (3) months for all payments made from the Escrow Settlement Funds by the Administrator.
The costs of publishing the Second Notice shall be paid from the Escrow Settlement Funds as and when incurred.
The reasonable fees and expenses required to be paid to Baffinland’s transfer agent so as to accomplish this shall be paid as an Administration Expense from the Escrow Settlement Funds.
In the event this Agreement is terminated, Siskinds or the Administrator, whichever then has control of the Escrow Account, shall deliver an accounting to the Parties for all payments made from the Escrow Settlement Funds no later than ten (10) days after the termination.
By order of the Court, the Administrator will be appointed to serve until such time as the Escrow Settlement Funds are distributed in accordance with this Agreement and the Distribution Protocol, on the terms and conditions and with the powers, rights, duties and responsibilities set out in this Agreement and in the Distribution Protocol.