Notes Escrow Account definition

Notes Escrow Account has the meaning set forth in the definition of “Permitted Escrow Notes”.
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Notes Escrow Account means an account to be established on or prior to the Acquisition Closing Date by the Trustee to hold, for the benefit of the Holders, the Released Escrow Amount and Tax Distribution Amounts.
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Notes Escrow Account means the notes escrow account established pursuant to the Escrow Agreement.
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Examples of Notes Escrow Account in a sentence

  • The Company covenants that in the event it should receive, at any time, any of the Released Escrow Amount, it will hold such amounts in trust for the Holders and promptly deliver any and all such amounts in their entirety to the Trustee for deposit in the Notes Escrow Account.

  • The Company covenants that in the event it should receive, at any time, any Tax Distribution Amounts, it will hold such amounts in trust for the Holders and promptly deliver any and all such amounts in their entirety to the Trustee for deposit in the Notes Escrow Account.

  • Sopyouark villagers have not decided on house design yet, they wait for compensation.

  • The Company has, contemporaneously with the execution of this Indenture, pursuant to the Instruction Letter, directed the Verizon Escrow Agent to deposit, from time to time, any and all Tax Distribution Amounts payable from the Verizon Escrow Account into the Notes Escrow Account immediately upon such release and in accordance with such instruction.

  • Until the 2014 Convertible Notes have been paid in full, utilize any amounts in the 2014 Convertible Notes Escrow Account other than to pay, redeem or purchase the 2014 Convertible Notes and pay related interest and premiums.

  • Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Trustee, solely from the funds held in the Notes Escrow Account, at the Redemption Price.

  • The Company has, contemporaneously with the execution of this Indenture, pursuant to the Instruction Letter, directed the Verizon Escrow Agent to deposit, from time to time, any and all of the Released Escrow Amount into the Notes Escrow Account immediately upon such release and in accordance with such instructions.

  • The Trustee, for the benefit of the Holders, shall have sole dominion and control over the Notes Escrow Account and all funds deposited therein and shall have the sole right to make and/or authorize withdrawals, disbursements or transfers from the Notes Escrow Account and to exercise any rights of the Trustee thereunder with respect to such funds pursuant to and in accordance with the Indenture.

  • To the extent the Grantor may be deemed to have an ownership interest in the Notes Escrow Account for any reason, the Grantor hereby grants a first priority security interest in the Notes Escrow Account to the Trustee.

  • The Trustee has established a Deposit Account of the Trustee, for the benefit of the Holders, at JPMorgan Chase Bank, N.A., designated as "JPMorgan Chase Bank, N.A., Trustee - NextWave Wireless Tax Escrow Notes Escrow Account".


More Definitions of Notes Escrow Account

Notes Escrow Account means the segregated escrow account established pursuant to the Escrow Agreement.
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Notes Escrow Account has the meaning specified in Section 3.08(a).
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Notes Escrow Account shall have the meaning ascribed to it in the Amended and Restated Amendment, Restatement, General Provisions and Intercreditor Agreement dated as of September 23, 2002, (the "Master Agreeement") among U.S. Industries, Inc., USI Global Corp., USI American Holdings, Inc., USI Atlantic Corp., Rexair Holdings, Inc., Rexair Inc., and the other USI subsidiaries party thereto, Wilmington Trust Company, David A. Vanaskey, Bank of America, N.A., and the lenders party therexx xx xx xxx xxxxdment thereof and to the extent the Companies refinance their credit facilities, any similar collateral account that has been or may be established for the benefit of the Holders of Securities in order to comply with Section 1009 of the Indenture and terms of such credit facilities.
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Notes Escrow Account means an account to be established on the Acquisition Closing Date by the Trustee to hold, for the benefit of the Holders, any Released Escrow Amount.
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Notes Escrow Account means the escrow account to be maintained by the Law Debenture Trust Company of New York, as escrow agent, pursuant to the Notes Escrow Agreement.
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Related to Notes Escrow Account

  • 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.

  • 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.

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

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

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

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • 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).

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

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Basis Risk Reserve Fund A fund created as part of the Trust Fund pursuant to Section 5.06 of this Agreement but which is not an asset of any of the REMICs.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.