Examples of Escrowed Documents in a sentence
The Escrow Agent shall hold the Escrowed Documents for release and delivery, or cancellation, pursuant to the terms and conditions of this Escrow Agreement.
If the apparent successful Bid is based on subcontracting any part of the work, each subcontractor whose total subcontract price exceeds five percent of the total Contract Price proposed by Bidder shall provide separate Escrowed Documents to be included with those of Bidder.
Failure of the Escrow Agent to so release and deliver any one of the Escrowed Documents after satisfaction of the above-mentioned conditions shall be considered a failure to release and deliver all of the Escrowed Documents.
The Escrow Agent agrees to act as agent for the I-Bank, the State and the Borrower, and shall possess and administer the Escrowed Documents (as defined in Section 2 hereof) in accordance with the instructions set forth in this Escrow Agreement.
If the Contract is not awarded to the apparent successful Bidder, the Escrowed Documents will be returned to that Bidder and the next Bidder to be considered for award shall submit Escrowed Documents as provided by this Section.