Released Escrow Amount definition

Released Escrow Amount means any Escrow Funds (or any interest or other income accrued or earned thereon with respect to the Indemnity Escrow Funds and the Special Escrow Funds) that are released to the Payments Administrator and the Surviving Corporation, as applicable, for distribution to the Holders based on their respective Further Distributions Per Share pursuant to the terms and conditions of this Agreement and the Escrow Agreement.
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Released Escrow Amount means any and all funds released from time to time from the Verizon Escrow Account to the Company, or directly to the Notes Escrow Account pursuant to the Company's written instructions in the Instruction Letter, in each case but only pursuant to the terms and conditions of the Verizon Escrow Agreement, but excluding (i) any funds released under Section 3 of the Verizon Escrow Agreement which are payable to the Federal Communications Commission (or any successor entity thereto) or (ii) any Tax Distribution Amounts.
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Released Escrow Amount is defined in Section 2.13(b).
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Examples of Released Escrow Amount in a sentence

  • Further, to the extent that Reorganized NWI is entitled to receive any Escrow Amount in excess of $80,810,000 (excluding tax distributions), the FCC is entitled to a Sharing Payment equal to 20% of the excess, thus reducing any potential Released Escrow Amount remaining for the benefit of holders of the Tax Escrow Notes.

  • The Company covenants that in the event it should receive, at any time, any of the Released Escrow Amount, it will hold such amounts in trust for the Holders and promptly deliver any and all such amounts in their entirety to the Trustee for deposit in the Notes Escrow Account.

  • On the Escrow Release Date, the Trustee shall transfer in the name of the Participant for deposit in its County Treasury Pool the applicable Released Escrow Amount.

  • In the event and on each occasion that any Released Escrow Amount is released from the Verizon Escrow Account and is subject to the Instruction Letter, on the tenth Business Day after such release, subject to Section 3.08 of the Indenture, the Company shall redeem Notes in an amount equal to the aggregate amount of such Released Escrow Amount.

  • In the event and on each occasion that any Released Escrow Amount is released from the Verizon Escrow Account and is subject to the Instruction Letter, on the tenth Business Day after such release, subject to Section 3.08 hereof, the Company shall redeem Notes in an amount equal to the aggregate amount of such Released Escrow Amount.

  • The Company has, contemporaneously with the execution of this Indenture, pursuant to the Instruction Letter, directed the Verizon Escrow Agent to deposit, from time to time, any and all of the Released Escrow Amount into the Notes Escrow Account immediately upon such release and in accordance with such instructions.

  • The Released Escrow Amount shall be delivered by the Escrow Agent to the Holders in accordance with such Schedule within ten (10) days of the Escrow Agent's receipt of the Schedule.

  • The Tax Escrow Notes are non-recourse notes that entitle a holder to receive payment of an undetermined principal amount only to the extent there is any Released Escrow Amount.

  • Pursuant to the Acquisition Agreement and the Escrow Agreement, there will be no Released Escrow Amount unless certain events occur, including (absent a prior adverse Internal Revenue Service ("IRS") determination as to any matters covered by the Escrow Amount) the expiration of the applicable statute of limitations for the affected taxable years.

  • The Tax Escrow Notes are non-recourse, contingent notes that entitle a holder to receive payment of an undetermined principal amount only to the extent there is any Released Escrow Amount.


More Definitions of Released Escrow Amount

Released Escrow Amount means an amount equal to any and all funds to be released from time to time from the Verizon Escrow Account to the Notes Escrow Account other than (i) funds released pursuant to Section 3 of the Verizon Escrow Agreement but payable to the Federal Communications Commission (or any successor entity thereto) or (ii) any Tax Distribution Amount.
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Released Escrow Amount means all or such portion of the Escrow Fund that is released and distributed to the Stockholders pursuant to the terms of this Agreement and the Escrow Agreement.
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Released Escrow Amount means any and all funds released from time to time from the Verizon Escrow Account to the Company, or directly to the Notes Escrow Account pursuant to the Company’s written instructions in the Instruction Letter, in each case but only pursuant to the terms and conditions of the Verizon Escrow Agreement, but excluding (i) any funds released under Section 3 of the Verizon Escrow Agreement which are payable to the Federal Communications Commission (or any successor entity thereto) or (ii) any Tax Distribution Amounts. “Responsible Officer,” when used with respect to the Trustee, means any officer within the Conventional Debt Unit of the Institutional Trust Services department of the Trustee (or any successor unit or department of the Trustee) located at the Corporate Trust Office of the Trustee who has direct responsibility for the administration of this Indenture and, for purposes of Sections 5.01(c)(ii) and 5.14 hereof, means any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject.
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Related to Released Escrow Amount

  • Indemnity Escrow Amount means $3,000,000.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • 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.

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

  • 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.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

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

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

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

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

  • Adjustment Escrow Amount means $1,000,000.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • 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.

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

  • 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 interest or other amounts earned thereon.

  • 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”.

  • Working Capital Escrow Amount means $2,000,000.

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

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

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

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

  • Holdback has the meaning set forth in Section 4.1(d)(i).

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