Leasing Company Escrow Account definition

Leasing Company Escrow Account shall have the meaning given in Section 2(b).
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Leasing Company Escrow Account means an escrow account established pursuant to a Leasing Company Escrow Account Agreement.
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Leasing Company Escrow Account means the escrow account established pursuant to Section 2(b) of each Leasing Company Escrow Account Agreement.
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Examples of Leasing Company Escrow Account in a sentence

  • The Escrow Agent shall be paid any compensation owed to it directly by the Leasing Company and shall not disburse from the Leasing Company Escrow Account any such amounts.

  • The Leasing Company is the legal, record and beneficial owner of the Collateral existing on the Issue Date (the "Existing Collateral"), free and clear of any Lien or claims of any person except for the Liens listed on Schedule D attached hereto and the Liens created by this Security Agreement, the Leasing Company Escrow Account Agreement and any of the other Senior Note Collateral Documents.

  • The Escrow Agent shall be paid any such expenses owed to it directly by the Leasing Company and shall not disburse from the Leasing Company Escrow Account any such amounts.

  • At least 30 days prior to each Interest Payment Date, the Escrow Agent shall deliver to the Leasing Company, the Trustees and the escrow agent for the Company Senior Note Escrow Account a statement setting forth with reasonable particularity the balance of funds then in the Leasing Company Escrow Account and the manner in which such funds are invested (the "Escrow Account Statement").

  • Amounts held in the Leasing Company Escrow Account shall be applied or disposed of only in a manner not prohibited by the Senior Note Indenture or the Convertible Note Indenture if the Senior Notes are no longer outstanding and the Senior Note Indenture has been satisfied and discharged.

  • Amounts held in the Leasing Company Escrow Account shall be applied or disposed of only in a manner not prohibited by the Senior Note Indenture.

  • The Leasing Company Escrow Account, the funds held therein and any Eligible Cash Equivalents held by the Escrow Agent in which such funds are invested shall be beneficially owned by the Leasing Company and pledged to and under the sole dominion and control of the Senior Note Trustee, acting for its benefit and the equal and ratable benefit of the Holders of the Senior Notes, and the Convertible Note Trustee, acting for its benefit and the equal and ratable benefit of the Holders of the Convertible Notes.

  • All money received by the Leasing Company and required to be deposited in the Leasing Company Escrow Account, shall be promptly and without commingling remitted to the Collateral Agent or the Senior Note Trustee (or the Convertible Note Trustee if the Senior Notes are no longer outstanding and the Senior Note Indenture has been satisfied and discharged) for deposit therein.

  • No sales of Collateral may be made in contravention of the terms of the Senior Note Indenture or the Convertible Note Indenture and the cash proceeds of the sale of any Collateral shall be promptly and without commingling remitted to the Collateral Agent or the Senior Note Trustee for deposit in the Leasing Company Escrow Account.

  • All such funds shall be held in the Leasing Company Escrow Account until disbursed in accordance with the terms hereof.

Related to Leasing Company Escrow Account

  • 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.

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

  • 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.

  • 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.

  • 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.

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

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, in the form of Exhibit B hereto.

  • 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.

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

  • 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.

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

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

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

  • Escrow End Date has the meaning specified in the Escrow Agreement.

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

  • Escrow Amount has the meaning set forth in Section 2.1(c).

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

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

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

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

  • 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.

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

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

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