Qualified escrow agent definition

Qualified escrow agent means the State Treasurer or any bank or trust company approved by the Treasury Board to hold collateral pledged to secure public deposits.
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Qualified escrow agent means the State Treasurer or any bank or trust company approved by the
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Qualified escrow agent means any bank or trust company that is qualified to hold collateral pledged to secure public deposits.
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More Definitions of Qualified escrow agent

Qualified escrow agent means a commercial bank, trust company or other financial institution with a combined capital and surplus in excess of One Hundred Million Dollars ($100,000,000).
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Qualified escrow agent means the State Treasurer or any bank or trust company
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Qualified escrow agent means a neutral Third Party selected by the party required to place funds in escrow who has prior experience as a neutral escrow agent and is not rejected by the arbitrator.
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Qualified escrow agent means any commercial bank with full corporate trust powers located within the state whose accounts are insured by the Federal Deposit Insurance Corporation; and
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Related to Qualified escrow agent

  • 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”.

  • Escrow Release Conditions has the meaning assigned to such term in the Escrow Agreement.

  • Escrow Agent means the escrow agent under the Escrow Agreement.

  • Specified Equity Contribution means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.