Exxxxxx Money Escrow Account definition

Exxxxxx Money Escrow Account means a federally-insured interest-bearing bank account of Escrow Agent to be reasonably acceptable to Seller and Purchaser.
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Exxxxxx Money Escrow Account shall have the meaning assigned thereto in Section 14.5(a).
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Exxxxxx Money Escrow Account has the meaning assigned to that term in Section 3.1(a) of this Agreement.
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Examples of Exxxxxx Money Escrow Account in a sentence

  • Units developed with both HOME and HOPE VI may receive operating assist-24 CFR Subtitle A (4–1–14 Edition)ance under section 9 of the 1937 Act.

  • At the Closing on the Closing Date, Buyer shall establish with the Exxxxxx Money Escrow Agent, an interest-bearing joint order escrow account (the "Adjustment Amount Escrow Account"), which account shall be separate from the Exxxxxx Money Escrow Account and the Indemnification Holdback Escrow Account, in an amount equal to $500,000 (the "Adjustment Amount Escrow").

  • At the Closing on the Closing Date, Buyer shall establish with the Exxxxxx Money Escrow Agent, an interest-bearing joint order escrow account (the "Indemnification Holdback Escrow Account"), which account shall be separate from the Exxxxxx Money Escrow Account and the Adjustment Amount Escrow Account, in an amount equal to $1,500,000 (the "Indemnification Holdback").

  • Escrow Company shall maintain records that accurately reflect all draw requests and withdrawals from the Exxxxxx Money Escrow Account.

  • On or before the Partnership Merger Effective Time, Parent shall have deposited with the Paying Agent the Partnership Merger Consideration minus the Exxxxxx Money Deposit (and all amounts of dividends and interest earned with respect thereto) for the benefit of holders of Paladin OP Units (together with the Exxxxxx Money Escrow Account, shall comprise the “Exchange Fund”).

  • Upon execution of this Agreement, Buyer shall establish with JPMorgan Chase Bank (the "Exxxxxx Money Escrow Agent"), an interest-bearing joint order escrow account (the "Exxxxxx Money Escrow Account"), in an amount equal to $4,000,000 (the "Exxxxxx Money"), which Exxxxxx Money shall be held pursuant to an escrow agreement in the form attached hereto as Exhibit B-1 (the "Exxxxxx Money Escrow Agreement").

  • At the Partnership Merger Effective Time, Parent will have sufficient funds (including amounts in the Exxxxxx Money Escrow Account at the Partnership Merger Effective Time), in cash, to pay the Partnership Merger Consideration, and any other amounts payable by Parent under this Agreement, together with all fees and expenses of Parent incurred in connection with the Partnership Merger and to effect the Partnership Merger and the transactions contemplated by this Agreement.


More Definitions of Exxxxxx Money Escrow Account

Exxxxxx Money Escrow Account. Shall have the meaning given to it in Section 16.02.
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Related to Exxxxxx Money Escrow Account

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

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • 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.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Escrow Deposit has the meaning set forth in Section 2.1.

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

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

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

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Cash is defined in Section 4.1(a).

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

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Working Capital Escrow Amount means $2,000,000.

  • Professional Fee Escrow means a non-interest-bearing escrow account established and funded pursuant to Article II.C.3.