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 has the meaning specified in Section 3.08(a).
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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 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.

  • Within five Business Days after the deposit of any Tax Distribution Amounts into the Notes Escrow Account, subject to Section 3.08 hereof, the Trustee will distribute such Tax Distribution Amounts to the Holders on a pro rata basis based on the principal amount of Notes held by such Holders.

  • 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 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.

  • 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".

  • 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, 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.


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 means the notes escrow account established pursuant to the Escrow Agreement.
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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 AGREEMENT") 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 thexxxx xx xx xxx xxendment thereof and to the extent the Issuers 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 1007 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 any escrow account in which Escrowed Proceeds are deposited and held.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • 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 As defined in Section 3.4(d).

  • 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.

  • 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.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

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

  • 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.