Proceeds Escrow Agent definition

Proceeds Escrow Agent means such escrow agent approved by Company.
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Proceeds Escrow Agent has the meaning set forth in Section 6(b)(ii)(D) (Authorized Use) of Attachment B (Facility Owned by Seller) to this Agreement.
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Examples of Proceeds Escrow Agent in a sentence

  • Upon full satisfaction of Seller's obligations under Section 6 (Modeling) of this Attachment B (Facility Owned by Seller), Company shall instruct the Proceeds Escrow Agent to remit to the bank that issued the letter of credit that was the source of the Proceeds the remaining balance (if any) of the Proceeds.

  • Upon full satisfaction of Seller’s obligations under Section 6 (Modeling) of this Attachment B (Facility Owned by Seller), Company shall instruct the Proceeds Escrow Agent to remit to the bank that issued the letter of credit that was the source of the Proceeds the remaining balance (if any) of the Proceeds.

  • The terms of the letter of credit shall provide for a release of the funds, or in the event the funds have been placed into a Proceeds Escrow, the Proceeds Escrow Agent shall release the necessary funds to Company upon receipt of a signed statement by a representative of Company that reads substantially as follows: The undersigned hereby certifies that (i) I am duly authorized to execute this document on behalf of Hawai‘i Electric Light Company, Inc.

  • Arrangements reasonably satisfactory to the Purchaser shall have been put in place to ensure that all fees and expenses due and payable under Section 2.4 shall have been paid to the Purchaser and Collateral Agent at or prior to the time at which the Purchaser delivers to the Note Proceeds Escrow Agent a copy of the Release Notice executed by the Purchaser.

  • The terms of the letter of credit shall provide for a release of the funds, or in the event the funds have been placed into a Proceeds Escrow, the Proceeds Escrow Agent shall release the necessary funds to Company upon receipt of a signed statement by a representative of Company that reads substantially as follows: The undersigned hereby certifies that (i) I am duly authorized to execute this document on behalf of Hawaiian Electric Company, Inc.

  • Upon full satisfaction of Subscriber Organization's obligations under Section 6 (Modeling) of this Attachment B (Facility Owned by Subscriber Organization), Company shall instruct the Proceeds Escrow Agent to remit to the bank that issued the letter of credit that was the source of the Proceeds the remaining balance (if any) of the Proceeds.

  • Upon the satisfaction of the Escrow Release Conditions, the Purchaser shall promptly deliver to the Note Proceeds Escrow Agent a copy of the Release Notice executed by the Purchaser.

  • Upon receipt of CDC’s notice of approval to release the Escrowed Funds and receipt of the Net Debenture Proceeds, Escrow Agent shall disburse the Escrowed Funds from the Escrow Account to Third Party Lender.

  • Within one (1) Business Day after receipt by Escrow Agent of the Minimum Offering Proceeds, Escrow Agent shall disburse the Escrowed Funds being held in the Escrow Account to Efox.

  • The largest reduction (13%) was for diagnostic testing facilities.

Related to Proceeds Escrow Agent

  • Escrow Property has the meaning set forth in the Escrow Agreement.

  • Escrowed Proceeds shall include any interest earned on the amounts held in escrow.

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

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

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

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

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

  • Escrow Cash is defined in Section 4.1(a).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • 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.

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

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • 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 Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

  • Indemnity Escrow Amount means $5,000,000.

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

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

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

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

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.