Permitted Escrow Arrangement definition

Permitted Escrow Arrangement means, with respect to any Indebtedness issued or incurred prior to the date of consummation of a specified related transaction to be funded with such Indebtedness, customary escrow or similar arrangements with respect to such Indebtedness and related Permitted Escrow Funds, which shall provide for the termination of such escrow or similar arrangement, the release of the related Permitted Escrow Funds and the discharge and release of the related Liens on such Permitted Escrow Funds (a) upon the consummation of such specified related transaction (and the satisfaction or waiver of any other conditions to the termination of such escrow or similar arrangement) or (b) if such specified related transaction is not consummated on or prior to the end of the escrow period contemplated by such escrow or similar arrangement, in connection with the Discharge of such Indebtedness.
Sample 1
Permitted Escrow Arrangement means, with respect to any Indebtedness issued or incurred prior to the date of consummation of a specified related transaction to be funded with such Indebtedness, customary escrow or similar arrangements with respect to such Indebtedness and related Permitted Escrow Funds, which shall provide for the termination of such escrow or similar arrangement, the release of the related Permitted Escrow Funds and the discharge and release of the related Liens on 51 Syniverse Credit Agreement
Sample 1
Permitted Escrow Arrangement means either an Acquisition Escrow Arrangement or a Non-Acquisition Escrow Arrangement satisfying the conditions set forth in this Agreement.”
Sample 1

More Definitions of Permitted Escrow Arrangement

Permitted Escrow Arrangement means, with respect to any Indebtedness issued or incurred prior to the date of consummation of a specified related transaction to be funded with such Indebtedness, customary escrow or similar arrangements with respect to such Indebtedness and related Permitted Escrow Funds, which shall provide for the termination of such escrow or similar arrangement, the release of the related Permitted Escrow Funds and the discharge and release of the related Liens on 51 Syniverse Credit Agreement such Permitted Escrow Funds (a) upon the consummation of such specified related transaction (and the satisfaction or waiver of any other conditions to the termination of such escrow or similar arrangement) or (b) if such specified related transaction is not consummated on or prior to the end of the escrow period contemplated by such escrow or similar arrangement, in connection with the Discharge of such Indebtedness.
Sample 1
Permitted Escrow Arrangement means an escrow arrangement whereby MMTH shall deposit the proceeds of a Committed Loan with an Approved Escrow Agent to be used on or before the second Business Day after such deposit for the origination or acquisition of a Qualified Tax-Exempt Bond that has not been issued as of the date of the requested Credit Extension.” “‘Release Deadline’ has the meaning assigned to that term in Section 6.14 hereof.”
Sample 1

Related to Permitted Escrow Arrangement

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

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

  • Financial Closure or Project Financing Arrangements means the agreements pursuant to which the SPG has sought financing for the Power Project including the loan agreements, security documents, notes, indentures, security agreements, letters of credit and other documents, as may be amended, modified, or replaced from time to time, but without in anyway increasing the liabilities of JDVVNL.

  • Permitted Lock-Up Agreement means an agreement between a Person and one or more holders of Voting Shares pursuant to which such holders (each a “Locked-Up Person”) agree to deposit or tender Voting Shares to a Take-Over Bid (the “Lock-Up Bid”) made or to be made by such Person or any of such Person’s Affiliates or Associates or any other Person with which such Person is acting jointly or in concert, provided that:

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.