Management Escrow Account definition

Management Escrow Account means a sterling denominated account of the Escrow Agent the details of which will be notified to the Purchaser not later than five (5) Business Days prior to the Completion Date;
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Management Escrow Account means the interest-bearing deposit account in the name of the Management Escrow Agent or such other account as the Management Parties’ Representatives and the Purchaser may from time to time designate in writing for the purpose of holding the Management Escrow Sum;
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Management Escrow Account means the account established to hold (and holding) the contribution to be made into escrow by, or on behalf of, management in connection with the Management Warranty Deed; Management Escrow Amount means €25,000,000;
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Examples of Management Escrow Account in a sentence

  • Owner agrees that any interest that is or may become payable on funds held in Management Trust Account, Management Escrow Account or Operating Account shall be retained by Agent.

  • On the Effective Date, to the extent funds are available after all Administrative Claims are reserved or accrued for under the Plan, the Reorganized Debtors shall establish the Senior Management Escrow Account and reserve the amounts necessary to ensure the payment of the Senior Management Severance and the Senior Management Settlement Amounts.

  • The Purchaser and the Target Group shall only be entitled at any time or times to set off, deduct or withhold any liability of the Management Shareholders under this Deed against any amount standing to the credit of the Management Escrow Account in accordance with clauses 3.4 to 3.8 of the Share Purchase Agreement, but not otherwise and subject always to clause 3.3 of this Deed.

  • All amounts paid out of the Management Escrow Account shall be paid together with any interest accrued on the amounts so payable.

  • On the Effective Date, to the extent funds are available after all Administrative Claims are reserved or accrued under the Plan, the Reorganized Debtors shall establish the Senior Management Escrow Account and reserve the amounts necessary to ensure the payment of the Senior Management Severance and the Senior Management Settlement Amounts.

  • Escrow Account shall be released as provided in clauses 3.4 to 3.8 and the Purchaser and the Management Shareholders each undertake to each other to issue joint instructions to the Escrow Agent to release amounts from the Management Escrow Account in accordance with such provisions.

  • Security deposits shall be deposited into Management Escrow Account.

  • The Agent has established a separate, a bank account known as the Property Management Escrow Account, funds from which are not commingled with Agent’s operating accounts.

  • On the Effective Date, the Reorganized Debtors shall establish the Senior Management Escrow Account and reserve the amounts necessary to ensure the payment of the Senior Management Severance and the Senior Management Settlement Amounts.

  • INTEREST ON ACCOUNT Owner agrees that any interest that is or may become payable on funds held in Management Trust Account, Management Escrow Account or Operating Account shall be retained by Agent.


More Definitions of Management Escrow Account

Management Escrow Account means the agreement(s) in the Agreed Form among the Warrantors, the Contributing Equityholders, the ML Family Trust, the Purchaser and the Management Escrow Agent setting out the terms of operation of the Management Escrow Account; Management Escrow Amount means €25,000,000;
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Related to Management 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

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

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

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

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

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • 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.

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

  • 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.

  • Initial Reserve Account Deposit means $3,250,000.

  • 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).

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

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

  • 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.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

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

  • Adjustment Escrow Amount means $1,000,000.