Payment Escrow Agent definition

Payment Escrow Agent means Toronto Dominion Bank, in its capacity as escrow agent under the Payment Escrow Agreement, and its successors in such capacity.
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Payment Escrow Agent means the escrow agent under the Payment Escrow Agreement, and its successors in such capacity.
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Payment Escrow Agent has the meaning set forth in Article 0 (Escrow Account and Payment).
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Examples of Payment Escrow Agent in a sentence

  • The Contractor and the Purchaser will share equally the costs and expenses of the Payment Escrow Agent.

  • If Escrow Agent shall have received a Notice of Payment, Escrow Agent shall promptly deliver a copy thereof to the other party hereto.

  • In the event Escrow Agent receives in connection with the Offering personal checks other than a Conforming Instrument or other negotiable instruments or wire transfers other than a Conforming Wire Payment, Escrow Agent may take any appropriate commercially reasonable action, including (i) delivering any instrument which is not a Conforming Instrument to the Transfer Agent, and (ii) refusing acceptance of or returning to the sending institution any wire transfer which is not a Conforming Wire Payment.

  • IMPSAT and SAC will share equally the costs and expenses of the Payment Escrow Agent.

  • This Agreement shall terminate automatically at such time as all funds from the Contingent Payment Account have been paid or distributed in accordance with the terms of this Agreement and the Contingent Payment Escrow Agent has received all fees as described in SECTION 4.1 hereof.

  • Upon notification (a) from the Payment Escrow Agent, that the Disbursement Escrow funds have been properly disbursed and (b) from the Seller that the Purchase Price has been received, the Document Escrow Agent shall distribute the Escrowed Documents to the parties entitled to receive such documents pursuant to the terms hereof.

  • Simultaneously with the release of Purchaser’s Monthly Payment, Escrow Agent shall release to Seller an amount equal to the difference between Expected Kazbor’s Revenue Stream for that particular month set forth on Exhibit “A” attached hereto and the Purchaser’s Monthly Payment.

  • Thus, LRVs are only allowed to question witnesses, experts or the accused(s) in a restrictive manner under the close watch and direction of Chambers.

  • With respect to the [*****] Milestone Payments set forth in Table 3.2 of Exhibit C, and subject to Article 6.5 (Withholding of Payment), within three (3) Business Days after receipt of an invoice (and required supporting documentation) meeting the requirements of Article 6.1 (Invoicing) and, with respect to Accepted Repeaters, Article 8.2 (Acceptance of Repeaters), Customer shall authorize the Payment Escrow Agent to permit Contractor to draw down from the Payment Escrow Account the amount invoiced.

  • Section 2.2 of the Merger Agreement provides that at the Closing (as such term and other capitalized terms used herein without definition are defined in the Merger Agreement), the sum of Three Million Seven Hundred and Fifty Thousand Dollars ($3,750,000) (the "CONTINGENT PAYMENT DEPOSIT") shall be delivered to the Contingent Payment Escrow Agent, which shall be held and disbursed by the Contingent Payment Escrow Agent pursuant to the terms hereof.


More Definitions of Payment Escrow Agent

Payment Escrow Agent is defined in the Supply Contract. --------------------
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Related to Payment Escrow Agent

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • 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.

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

  • Escrow Agent means the escrow agent under the Escrow Agreement.

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

  • 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 remaining interest or other amounts earned thereon.

  • 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.

  • Adjustment Escrow Amount means $2,000,000.

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

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

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

  • 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.

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

  • Purchase Price Adjustment Escrow Amount means $1,500,000.

  • Escrowed Payment means an aggregate cash payment of up to $6,000,000 which is the Purchase Price;

  • 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.

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

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

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

  • 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.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

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

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.