Interest Escrow Account definition

Interest Escrow Account means the account held by the Escrow Agent for the benefit of the Trustee in accordance with the Escrow and Disbursement Agreement.

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Interest Escrow Account means the escrow account established pursuant to SECTION 2.

Interest Escrow Account means an escrow account for the deposit of the proceeds from the sale of the Notes under the Interest Escrow Agreement.

Examples of Interest Escrow Account in a sentence

All such funds shall be held in the Interest Escrow Account until disbursed in accordance with the terms hereof.
The Company and the Trustee each shall provide a certificate to Escrow Agent as to the incumbency and signatures of those individuals authorized to provide from time to time instructions relating to the Interest Escrow Account or to execute documents to be provided to Escrow Agent.
The Borrower hereby acknowledges and agrees that neither it nor any of its Subsidiaries or Affiliates shall directly or indirectly seek to obtain (whether by informal or formal process) control over the Interest Escrow Account or the Interest Escrow Account Funds at any time prior to Payment in Full.
The Collateral Agent and the Borrower have not entered and will not enter into any other agreement with respect to control of the Interest Escrow Account, except for a Control Agreement to the extent contemplated by the definition of Interest Escrow Account.
Concurrently with the execution and delivery hereof, the Company shall deliver the Initial Escrow Amount to the Escrow Agent for deposit into the Interest Escrow Account against the Escrow Agent's written acknowledgment and receipt of the Initial Escrow Amount.

More Definitions of Interest Escrow Account

Interest Escrow Account means, (a) initially, that certain deposit account of the Collateral Agent (or its sub-agent) as notified in writing to the Borrower and the Lenders, or (b) if permitted by the Collateral Agent in its sole discretion, any deposit account of the Borrower designated by the Borrower from time to time in writing to the Collateral Agent, subject to a Control Agreement in favor of the Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent (it being understood and agreed that the Collateral Agent shall have sole control over the Interest Escrow Account immediately upon the occurrence of the Closing Date and at all times thereafter).

Interest Escrow Account means the escrow account established pursuant to Section 2.

Interest Escrow Account means the Interest Reserve Account (as such term is defined in the First Lien Intercreditor Agreement) into which a portion of the net proceeds of the offering of the First Lien Notes in an amount expected to equal approximately 18 months of interest payments in respect of the First Lien Notes and the Credit Facility will be deposited on the Issue Date.

Interest Escrow Account shall have the meaning set forth in Section 9.3(h).

Interest Escrow Account means the escrow account the subject of the Interest Escrow Agreement.

Interest Escrow Account. As defined in the Cash Collateral Agreement. -----------------------

Interest Escrow Account means that certain escrow account established pursuant to that certain Interest Escrow Account Agreement entered into between the Borrower and Chase, as collateral agent, pursuant to the Seventh Amendment.