Escrow Statement definition

Escrow Statement means that accounting of the proceeds of the

Escrow Statement shall set forth with respect to the period covered thereby (A) the balance of the Escrow Funds (the "Escrow Balance") as of the beginning of such period, (B) the Escrow Balance as of the end of such period, (C) the amount of each release of Escrow Funds to the Buyer under Section 4(b) and to the Parent under Section 4(c), 4(d) or 4(e) during such period (and the identity of the Buyer Certificate or Tax Certificate with respect to which each such release related, if applicable), (D) the aggregate amount of interest and income earned on the Permitted Investments of the Escrow Funds during such period and (E) the aggregate of all Demand Amounts (as defined below) previously submitted to the Escrow Agent with respect to which the Escrow Agent had neither released Escrow Funds to the Buyer in accordance with Section 4(b)(ii) nor received a Determination (as defined below) under Section 4(b)(iii) ("Pending Demand Amounts") as of the end of such period. Although the Buyer and the Parent each recognize that it may obtain a broker confirmation or written statement containing comparable information at no additional cost, within three business days following any securities transaction in the escrow account, and which reflects the amount of the agency fee, the Buyer and the Parent hereby agree that confirmations of Permitted Investments are not required to be issued by the Escrow Agent for each month in which a monthly statement is rendered. The Buyer and the Parent acknowledge and agree that the disbursement and release of Escrow Funds on any particular date is subject to the sale and final settlement of Permitted Investments. Proceeds of a sale of Permitted Investments will be delivered on the business day on which the appropriate instructions are delivered to the Escrow Agent if received prior to the applicable deadline for same day sale of such Permitted Investments. If such instructions are received after the applicable deadline, proceeds will be delivered on the next succeeding business day.

Escrow Statement. The DDA shall provide the development partner with an escrow account statement reflecting the available $100,000 upon the execution of this contract.

Examples of Escrow Statement in a sentence

• The Final Report of Real Property or Conservation Easement Expenditures is completed by the District EEM Coordinator and forwarded with Closing Escrow Statement to the LPA Office with a copy to the HQ EEM Program Coordinator.

• The Housing Authority reports operating revenues as defined for cash flow purposes in GASB Statement No. 9.

• Recommendations 10 for a short-term employment goal should be provided, whenever possible.

• J.E. 11 (the “First Notice”).Change to notify Ms. Pope of changes to her Monthly Mortgage Payment and the effective dates of those changes.45 The Notices provided the following information: Between the filing of the Third Notice and the Fourth Notice, Ms. Pope received an annual Escrow Statement dated January 26, 2018 (the “January 2018 Escrow Statement”).

• The Initial Escrow Statement itemizes the estimated taxes, insurance premiums and other charges anticipated to be paid from the Escrow Account during the first twelve months of the loan.

• In Statement of Auditing Procedures Number 29, the AICPA committee stated that internal control in the broad sense includes controls that may be characterized as either accounting or administrative.

• While the Fifth Notice decreased Ms. Pope’s Monthly Mortgage Payment to $1,558.08 and her escrow payment to $649.42, effective July 1, 2019, the May 29, 2019 Escrow Statement, which was attached to it, did not show the actual application of the escrow payments preceding May of 2019.

• The Debtor paid Feldstein a $4,000 fee for securing the loan, although the Plaintiff was not aware of this payment at the time of the transaction.Contemporaneous with the execution of the Notes, the parties executed an addendum to the Notes (the “Addendum”) that stated simply: “Copy of Escrow Statement to be sent to Michael McEntee when it is available.” See Exs.

• The Mortgage Modification further states that “Borrower has been advised of the amount needed to fully fund the T&I Escrow Account.” (Id. at PAGEID# 1093).On November 25, 2013, Caliber analyzed Plaintiff’s escrow account and sent him an Annual Escrow Statement.

• Escrow Statement at 2.To support his assertion that the monthly payment included amounts that should have been capitalized but were not, Mr. Bowen cites Ms. Christensen’s deposition.