Examples of Initial Escrow Amount in a sentence
Initial Escrow Amount; Issuance of Escrow Receipts 4 Section 1.04.
On the Issue Date, the Company shall deliver the Initial Escrow Amount to the Escrow Agent for deposit into the Escrow Account against the Escrow Agent's written acknowledgment and receipt of the Initial Escrow Amount.
The Escrow Agent shall hold, deal with and disburse the Escrow Funds (including the Initial Escrow Amount) in accordance with the terms and conditions of this Agreement.
As used herein, “Available Funds” shall mean (A) the sum of (i) the Initial Escrow Amount and any funds deposited pursuant to Section 1(a)(B) and (ii) interest earned on the funds in the Escrow Account (including holdings of U.S. Government Securities), less (B) the aggregate disbursements previously made pursuant to this Agreement.
Initial Escrow Amount; Issuance of Escrow Receipts.................................