Placed in Escrow definition

Placed in Escrow means: (a) in respect of the Financial Model, delivery of the Financial Model: (i) dated the date of the Franchise Agreement; and (ii) adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and (iii) where Schedules 9.1 (Financial and Other Consequences of Change) and 9.2 (Identity of the Financial Models etc.) apply, audited following a Run of the Financial Model and updated with any Revised Inputs; and (b) in respect of the Operational Model, delivery of: (i) the Operational Model dated the date of the Franchise Agreement; (ii) the Operational Model adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and (iii) where Schedules 9.1 (Financial and Other Consequences of Change) and 9.2 (Identity of the Financial Models etc.) apply, the inputs to the Financial Model derived therefrom following an audit of a Run of the Financial Model; and (c) in respect of the Record of Assumptions, delivery thereof, each in accordance with Schedule 9.2 (Identity of the Financial Model etc.);
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Placed in Escrow means: (a) in respect of the Financial Model, delivery of the Financial Model: (i) dated the date of the Franchise Agreement; and (ii) adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and (b) in respect of the Operational Model, delivery of: (i) the Operational Model dated the date of the Franchise Agreement; (ii) the Operational Model adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and in respect of the Record of Assumptions, delivery thereof; and (c) in respect of any Change Model, delivery of (i) the Change Model audited following a Run of the Change Model and populated with Baseline Inputs and Change Inputs; and (ii) its related Change Operational Model, each in accordance with Schedule 9.2 (Identity of the Financial Model etc.);
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Placed in Escrow means: (a) in respect of the Financial Model, delivery of the Financial Model: (i) dated the date of the Franchise Agreement; and (ii) adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and audited following a Run of the Financial Model and updated with any Revised Inputs; and (b) in respect of the Operational Model, delivery of: (i) the Operational Model dated the date of the Franchise Agreement; (ii) the Operational Model adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and (c) the inputs to the Financial Model derived therefrom following an audit of a Run of the Financial Model; and (d) in respect of the Record of Assumptions, delivery thereof; each in accordance with Schedule 9.2 (Identity of the Financial Model etc.);
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Examples of Placed in Escrow in a sentence

  • Lemmer Vice President 8 53 EXHIBIT A Number of Units Name of Security Holder Originally Placed in Escrow* ----------------------- ---------------------------- Gregory K.

  • Mitigation(contd.) Bond Proceeds Placed in Escrow and Released Based on Business Committed to Open or Open Bonds Sized on Commitment to Open w.

  • In such an event, the Secretary of State shall be permitted to create a new copy of the Escrow Documents or part thereof from the other copy Placed in Escrow and shall within seven (7) days notify the Franchisee accordingly and afford it the right to make reasonable inspections in order to satisfy itself that a “complete and accurate” copy has been made.

  • The account is to be appropriately noted by the public depositary to enable that institution to report interest payments made to the contractor to the Internal Revenue Service in the proper format.85.74.20.d Retainage Placed in Escrow 85.74.20.d.(1)When the contractor elects to place amounts withheld in escrow, the contractor selects a bank or trust company as the escrow agent.

  • In such an event, the Secretary of State shall be permitted to create a new copy of the Escrow Documents or part thereof from the other copy Placed in Escrow and shall within seven days notify the Franchisee accordingly and afford it the right to make reasonable inspections in order to satisfy itself that a "complete and accurate" copy has been made.


More Definitions of Placed in Escrow

Placed in Escrow means: (a) in respect of the Financial Model, delivery of the Financial Model: (i) dated the date of the Franchise Agreement; and (ii) adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and
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Placed in Escrow means the delivery of the Financial Model and the Financial Model Data Book in accordance with Paragraph 1.1 of Part F (Identity of the Financial Model) of Schedule 8 (Variations) together with the information required pursuant to Paragraph 1.2 of Part F (Identity of the Financial Model) of Schedule 8 (Variations);
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Placed in Escrow in accordance with the terms of paragraph 3 of the Intellectual Property Agreement; and
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Placed in Escrow has the meaning given to it in paragraph 6.1 of Schedule 1.5 (Information about Passengers); means:
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Placed in Escrow means: (a) in respect of the Financial Model, delivery of the Financial Model: (i) dated the date of the Franchise Agreement; and (ii) adjusted to the extent necessary to reflect any time elapsed between the actual Start Date or actual Combined Effective Date (as appropriate) and the date assumed to be the Start Date or the Combined Effective Date in the Initial Business Plan; and (iii) where Schedules 9.1 (Financial and Other Consequences of Change) and 9.2 (Identity of Financial Model etc.) apply, audited following a Run of the Financial Model and updated with any Revised Inputs; and (b) in respect of the Operational Model, delivery of: (i) the Operational Model dated the date of the Franchise Agreement; (ii) the Operational Model adjusted to the extent necessary to reflect any time elapsed between the actual Start Date or the actual Combined Effective Date (as appropriate) and the date assumed to be the Start Date or the Combined Effective Date (as appropriate) in the Initial Business Plan; and (iii) where Schedules 9.1 (Financial and Other Consequences of Change) and 9.2 (Identity of Financial Model etc.) apply, the inputs to the Financial Model derived therefrom following an audit of a Run of the Financial Model; and (c) in respect of the Record of Assumptions, delivery thereof, each in accordance with Schedule 9.2 (Identity of the Financial Model etc.);
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Placed in Escrow means: (a) in respect of the Financial Model, delivery of the Financial Model: (i) dated the date of the Franchise Agreement; and (ii) adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and (iii) where Part A of Schedules 9.1 and 9.2 applies, audited following a Run of the Financial Model and updated with any Revised Inputs; and (b) in respect of the Operational Model, delivery of: (i) the Operational Model dated the date of the Franchise Agreement; (ii) the Operational Model adjusted to the extent necessary to reflect any time elapsed between the actual Start Date and the date assumed to be the Start Date in the Initial Business Plan; and (iii) where Part A of Schedules 9.1 and 9.2 applies, the inputs to the Financial Model derived therefrom following an audit of a Run of the Financial Model; and (c) in respect of the Record of Assumptions, delivery thereof; and (d) where Part B of Schedules 9.1 and 9.2 applies, in respect of any Change Model, delivery of (i) the Change Model audited following a Run of the Change Model and populated with Baseline Inputs and Change Inputs; and (ii) its related Change Operational Model, each in accordance with Schedule 9.2 (Identity of the Financial Model etc.);
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Related to Placed in Escrow

  • 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.

  • 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.

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

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

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

  • 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.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • 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.

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

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • Escrowed Payment means an aggregate cash payment of up to $250,000;

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • 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.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

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

  • Escrow means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • the Deposit means 10% of the Purchase Price;

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Closed-End Funds has the meaning set forth in Section 2.1(b).

  • Delinquent Account means an account with charges for electric services that remain unpaid at least 5 days after the due date.

  • 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.

  • Buydown Funds Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.