Existing Escrow Accounts definition

Existing Escrow Accounts means the escrow accounts established to hold the Sale Proceeds, as set forth on Annex B under the heading “Distribution Escrow Accounts.”
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Existing Escrow Accounts means the two escrow accounts maintained at Citibank, N.A., which holds the Existing Proceeds.
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Examples of Existing Escrow Accounts in a sentence

  • If all or part of the Canadian Surplus Amount is to be transferred from the Canadian Escrow Account then all of the Parties agree that they shall issue such instructions or other directions to the Canadian Escrow Agent as may be required in order to effect such transfer to the Existing Escrow Accounts.

  • The Authorized Officers are further authorized, for and on behalf of the City, to enter into, execute and deliver such documents as are necessary or desirable to terminate the Existing Escrow Accounts and to open and establish the new Investment Account.

  • If all or part of the EMEA Surplus Amount is to be transferred from the EMEA Sterling Escrow Account then all of the Parties agree that they shall issue such instructions or other directions to the EMEA Sterling Escrow Agent as may be required in order to effect such transfer to the Existing Escrow Accounts.

  • If all or part of the NNSA Surplus Amount is to be transferred from the EMEA Euro Escrow Account then all of the Parties agree that they shall issue such instructions or other directions to the EMEA Euro Escrow Agent as may be required in order to effect such transfer to the Existing Escrow Accounts.

  • The Cobalt Individual Defendants and/or the Plan Administrator or Debtors, as required to facilitate the deposit, shall give instructions to the Escrow Agent for the Existing Escrow Accounts to release the Existing Proceeds in accordance with the Settlement.

  • Promptly following delivery of a Conversion Election Request, the Debtors shall agree on the U.S. Dollar amount of Sale Proceeds to be transferred from each of the Existing Escrow Accounts to satisfy the Conversion Election Request.

  • The Existing Proceeds from prior settlements or other prior resolution of claims under the D&O Liability Insurance Policies that are maintained in the Existing Escrow Accounts, after subtracting the Defense Cost Reserve, shall be allocated 50 percent to the Plaintiffs and 50 percent to the Plan Administrator to be administered in accordance with the Plan.

Related to Existing Escrow Accounts

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reserve Funds means, collectively, the Tax and Insurance Reserve Fund, the Replacement Reserve Fund, the Required Repair Fund, the Rollover Reserve Fund, the Ground Lease Reserve Fund, the Excess Cash Flow Reserve Fund and any other escrow fund established by the Loan Documents.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Initial Reserve Account Deposit means $3,000,000.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Collection Accounts As defined in Section 3.10(a).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.