Loan Escrow Agent definition

Loan Escrow Agent means Deutsche Bank Trust Company Americas as escrow agent under the Loan Escrow Agreement.
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Loan Escrow Agent means Xxxxxxx Xxxxx Bank USA as escrow agent under the Loan Escrow Agreement.
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Examples of Loan Escrow Agent in a sentence

  • In connection with any release from the Loan Escrow Account the conditions set forth in Section 4.04 will be deemed to have been satisfied upon delivery to the Loan Escrow Agent of a certificate signed by a Responsible Officer confirming compliance therewith.

  • The lien and security interest provided for by this Section 6 shall automatically terminate and cease to exist, and shall not extend or apply to, and the Term Loan Collateral Agent shall have no security interest in, any funds disbursed by the Loan Escrow Agent to the Company pursuant to this Agreement to the extent not inconsistent with the terms hereof.

  • No investment of funds in -------------------------------- the Account shall be made unless the Company has certified to the Loan Escrow Agent and the Term Loan Collateral Agent that, upon such investment, the Term Loan Collateral Agent will have a first priority perfected security interest in the applicable investment for the benefit of the Term Loan Secured Parties.

  • Accordingly, the Loan Escrow Agent is hereby directed to cooperate with the Term Loan Collateral Agent and the Administrative Agent in the exercise of its rights in the Collateral provided for herein.

  • The Loan Escrow Agent shall incur no liability arising out of its choice of investments to be liquidated pursuant to this Section 10(a).

  • The Loan Escrow Agent shall have no responsibility for determining whether funds held in the Account shall have been invested in such a manner so as to comply with the requirements of this clause (v).

  • Provided that all of the conditions to Purchaser’s obligation to close shall have been satisfied, the sale contemplated by this Agreement shall be consummated and closed through an escrow arrangement with the Title Company (and the title Company will coordinate with the Loan Escrow Agent as necessary) on February 1, 2010 or such earlier date as shall be mutually acceptable to Seller and Purchaser.

  • In connection with clause (A) above, the Loan Escrow Agent will maintain continuous possession in the State of New York of certificated U.S. Government Securities and cash included in the Collateral and will cause uncertificated U.S. Government Securities, if any, to be registered in the book-entry system of, and transferred to an account of the Loan Escrow Agent or a sub-agent of the Loan Escrow Agent at, the Federal Reserve Bank of New York.

  • Upon the effective date of such resignation or removal of the Loan Escrow Agent, all funds and securities in the Account shall be delivered by it to such successor Loan Escrow Agent or as otherwise shall be instructed in writing by the Company and the Administrative Agent, whereupon the Loan Escrow Agent shall be discharged of and from any and all further obligations arising in connection with this Agreement.

  • Each Lender hereby authorizes the Administrative Agent to enter into the Stock Pledge Agreement with the Joint Collateral Agent and the Company and the Loan Escrow Agreement with the Loan Escrow Agent, Term Loan Collateral Agent and the Company substantially on the terms and conditions of the respective Term Loan Pledge Agreements.

Related to Loan Escrow Agent

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

  • The Escrow Agent s responsibilities as escrow agent hereunder shall terminate if the Escrow Agent shall resign by written notice to the Company and the Purchaser. In the event of any such resignation, the Purchaser and the Company shall appoint a successor Escrow Agent.

  • Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

  • Escrow Bank has the meaning specified in Section 2.15(c).

  • 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.

  • 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.

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

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

  • 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.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • 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 Deposit has the meaning set forth in Section 2.1.

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • 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.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

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

  • Escrow Paying Agent Means the Person acting as paying agent under the Escrow Agreement.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

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

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve 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.

  • 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).

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • 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.