PPP Loan Escrow Agreement definition

PPP Loan Escrow Agreement means the escrow agreement by and between the PPP Lender and the Seller, in the form provided by Seller to Buyer.
PPP Loan Escrow Agreement has the meaning set forth in Section 2.04(a)(v).
PPP Loan Escrow Agreement means the PPP Loan Escrow Agreement, dated as of the Closing Date, by and among the Credit Party Representative and the PPP Loan Escrow Agent, containing reasonably customary terms mutually agreeable to the Credit Party Representative and the PPP Loan Escrow Agent.

Examples of PPP Loan Escrow Agreement in a sentence

  • Buyer will deposit or cause to be deposited the PPP Escrow Amount with the PPP Lender pursuant to the PPP Lender Escrow Agreement, which the PPP Lender will hold in an escrow account and disburse in accordance with the terms of the PPP Loan Escrow Agreement.

  • The PPP Loan Escrow Fund shall be held and disbursed by the PPP Lender (or its designee) in accordance with the terms of the PPP Loan Escrow Agreement and this Agreement; provided, that in the event of conflict between the Escrow Agreement and this Agreement, this Agreement shall prevail as among the parties to this Agreement.

  • Promptly following the completion of the forgiveness process with respect to the PPP Loan, (a) the PPP Loan Escrow Funds shall first be disbursed to repay any remaining (unforgiven) balance on the PPP Loan and (b) the remainder of the PPP Loan Escrow Funds will be released by the PPP Lender (in its capacity as escrow agent under the PPP Loan Escrow Agreement) to the Exchange Agent for distribution to the Company Members in accordance with their respective Pro Rata Percentages.

  • The Company has heretofore made available to Parent a correct and complete copy of the PPP Loan Escrow Agreement together with any and all amendments and supplements thereto and “side letters” and similar documentation relating thereto.

  • Management is supportive of staff training and demonstrated a commitment to staff training during the review period.


More Definitions of PPP Loan Escrow Agreement

PPP Loan Escrow Agreement means the Security Agreement Re: Deposit Account, dated as of the Closing Date, by and among Sellers’ Representative, London and the PPP Loan Bank, in a form of Exhibit H.
PPP Loan Escrow Agreement means that certain Escrow Agreement, dated as of the date hereof, in the form of Exhibit C by and among the Purchaser, the Seller and the PPP Loan Escrow Agent.
PPP Loan Escrow Agreement means the form of escrow agreement among the PPP Lender,the Sellers and Buyer in a form reasonably acceptable to Sellers and Buyer.
PPP Loan Escrow Agreement means that certain PPP Loan Escrow Agreement, dated as of December 31, 2020, by and between the PPP Lender, the Company and the Seller Representative. "PPP Outside Date" has the meaning set forth in Section 6.8.
PPP Loan Escrow Agreement means that certain PPP Loan Escrow Agreement, dated as of December 31, 2020, by and between the PPP Lender, the Company and the Seller Representative.