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 means the Escrow Agreement in respect of the PPP Loan Escrow Fund, to be entered into by the Company and the PPP Lender (or its designee) on or about the Closing Date, in form and substance reasonably agreeable to Parent and the Company.

PPP Loan Escrow Agreement has the meaning set forth in Section 2.04(a)(v).

Examples of PPP Loan Escrow Agreement in a sentence

• The market for automotive weatherseals can be considered to be the Community.

• Within five Business Days after the Company receives notice that all or any portion of the PPP Loan has been forgiven, the amount so forgiven shall be released from the PPP Loan Escrow Amount to the Sellers Agent, for further distribution to the Sellers, in accordance with the terms and conditions of the PPP Loan Escrow Agreement.

• The Sellers Agent will use commercially reasonable efforts to designate a representative of Buyer as an authorized representative under the PPP Loan Escrow Agreement on or before January 1, 2021.

• 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.

• Applicable Period B covers a nine month period starting with the September billing month and continuing through the following May billing month.

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 has the meaning set forth in Section 6.13(b)(ii).

PPP Loan Escrow Agreement means the escrow agreement, dated as of the Closing Date, duly executed by PPP Lender and the Company. “PPP Loan Escrow Amount” is defined in Section 6.11(a).

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.

PPP Loan Escrow Agreement is defined in Section 2.5(a)(viii) of this Agreement.