Escrowed Funds definition

Escrowed Funds. Has the meaning, with respect to any Trust, specified in Section 2.02(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Escrowed Funds has the meaning specified in Section 2.02(b).

Escrowed Funds has the meaning assigned to such term in the Escrow Agreement.

Examples of Escrowed Funds in a sentence

• The Escrow Agent shall hold the Escrowed Funds in the amount of $537,327.26 and Resignation Letter as an agent for ▇▇▇▇▇▇▇ and GMGI, subject to the terms and conditions of this Agreement.

• Prior to the effective date of resignation as specified in such notice, ▇▇▇▇▇▇▇ and GMGI will issue to the Escrow Agent a written instruction authorizing delivery of the Escrowed Funds and Resignation Letter to a substitute escrow agent selected by ▇▇▇▇▇▇▇ and ▇▇▇▇.

• In the event of any ambiguity or uncertainty hereunder or in any notice, instruction or other communication received by Escrow Agent hereunder, Escrow Agent may, in its sole discretion, refrain from taking any action other than retain possession of the Escrowed Funds and Resignation Letter, unless ▇▇▇▇▇▇ Agent receives written instructions, signed by ▇▇▇▇▇▇▇ and GMGI, which eliminates such ambiguity or uncertainty.

• The Escrow Agent may, but shall be under no duty to, institute or defend any legal proceedings which relate to the Escrowed Funds or Resignation Letter.

• Any dispute with respect to the release of the Escrowed Funds or Resignation Letter shall be resolved pursuant to Section 4.2 hereof or by written agreement between ▇▇▇▇▇▇▇ and GMGI.

More Definitions of Escrowed Funds

Escrowed Funds means the Escrowed Proceeds and the Earned Interest thereon at any given time;

Escrowed Funds has the meaning set forth in Section 3.1.

Escrowed Funds means an amount, in cash or Eligible Escrow Investments, not to exceed the sum of (a) the issue price of the New Senior Notes, plus (b) the Additional Escrow Amount, plus (c) so long as they are retained in the Escrow Account, any income, proceeds or products of the foregoing.

Escrowed Funds means the Proceeds, all interest or other income earned and any investments acquired from time to time with such funds;

Escrowed Funds. With respect to any Trust, has the meaning specified in Section 2.02(b).

Escrowed Funds means the proceeds from the sale of the Subscription Receipts;

Escrowed Funds has the meaning set forth in Section 5.4(e)(i).