Purchase Escrow Account definition

Purchase Escrow Account has the meaning set forth in Section 2.4(a)(v).
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Purchase Escrow Account means the escrow account established with the Purchase Escrow Agent in accordance with the terms of the Purchase Escrow Agreement.
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Purchase Escrow Account means the account where the funds
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Examples of Purchase Escrow Account in a sentence

  • If this Agreement is terminated in accordance with its terms, the funds held in the Purchase Escrow Account shall be released, and each Commitment Party shall receive from the Purchase Escrow Account the cash amount actually funded to the Purchase Escrow Account by such Commitment Party, without any interest, promptly following such termination.

  • Notwithstanding anything to the contrary contained herein, the only source of funds used to acquire the equity of Texas Genco shall be (i) funds held in the Purchase Escrow Account or (ii) proceeds of permitted purchase money Indebtedness and equity issuances referred to in Section 5.18(f) hereof.

  • The Purchase Escrow Account shall be established with an escrow agent reasonably satisfactory to the Requisite Commitment Parties and the Company pursuant to an escrow agreement in form and substance reasonably satisfactory to the Requisite Commitment Parties and the Company.

  • Accordingly, you are hereby instructed to transfer, as promptly as possible, the CopyTele Share Certificates bearing distinctive number CT0022036 and the Videocon GDRs, to the Share Purchase Escrow Account (as defined in the escrow agreement dated August ____, 2014, executed betweenyourselves, CopyTele Sub and Mars Overseas).

  • All remaining amounts in the Purchase Escrow Account shall be released to Purchaser in accordance with the terms of the Purchase Escrow Agreement.

  • For the second three (3) option period pursuant to Option to Purchase Escrow Agreement, the Option to Purchase Escrow Account balance shall continue to be held in the interest bearing escrow account.

  • In such a circumstance, the $3,000,000 “xxxxxxx money” deposited into the Business Purchase Escrow Account, shall be immediately distributed to Seller’s daughter, and sole heir… Jazea Xxxxx Xxxxx - 000-000-0000 In the event of Seller’s untimely demise… if there’s a problem contacting Seller’s daughter, Jazea Xxxxx Xxxxx… Seller instructs that her sister, Xxx Xxxx Xxxxxx, be contacted to receive the $3,000,000 xxxxxxx money deposit, on behalf of Seller’s daughter, Jazea Xxxxx Xxxxx.

  • RRI shall not be permitted to use the proceeds of the Purchase Escrow Account to purchase any minority interest in Texas Genco until RRI has completed the acquisition of the Equity Interests of Texas Genco pursuant to the Texas Genco Option.

  • It is understood that any cash in the Purchase Escrow Account and the Specified Collateral Account shall be Collateral for all of the Obligations of the Credit Parties under this Credit Agreement and the other Fundamental Documents, with the Senior Priority Obligations being secured on a first priority basis and all such other Obligations being secured on a second priority basis.

  • It is understood that any cash in the Purchase Escrow Account and the Specified Collateral Account shall be Collateral for the Obligations as provided in the Collateral Trust Agreement, with the Senior Priority Obligations being secured on a first priority basis.


More Definitions of Purchase Escrow Account

Purchase Escrow Account means a Securities Account with the Collateral Agent or one of its Affiliates in which funds shall be deposited and withdrawn in accordance with, and for the purposes set forth in Sections5.15(b) and 5.18 hereof and the applicable Securities Account Control Agreement executed with respect to such account.
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Related to Purchase Escrow Account

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

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • 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.

  • 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.

  • 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.

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

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

  • Purchase Price Adjustment Escrow Amount means $1,500,000.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

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

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • 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.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount 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 Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate principal balance of the Receivables on the Initial Cutoff Date (which is equal to $22,000,029.61).

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

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Adjustment Escrow Amount means $2,000,000.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

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

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.