Replacement Escrow Fund definition

Replacement Escrow Fund has the meaning assigned in Section 2.5.
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Replacement Escrow Fund has the meaning assigned in Section 2.4.
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Replacement Escrow Fund has the meaning assigned in Section 3.1(b)(ii).
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Examples of Replacement Escrow Fund in a sentence

  • The Replacement Escrow Fund shall not constitute a trust fund and may be commingled with other monies held by Mortgagee.

  • All earnings or interest on the Replacement Escrow Fund shall be and become a part of such Replacement Escrow Fund and shall be disbursed as provided in this Paragraph 6(a).

  • Until expended or applied as above provided, the Replacement Escrow Fund shall constitute additional security for the Loan.

  • Upon the occurrence of an Event of Default, Administrative Agent may apply any sums then present in the Replacement Escrow Fund to the payment of the Loan in any order in its reasonable discretion.

  • Borrowers hereby pledge to Administrative Agent for the benefit of the Lenders, and grant a security interest in, any and all monies now or hereafter deposited in the Replacement Escrow Fund as additional security for the payment of the Loan.

  • The Replacement Escrow Fund shall not constitute a trust fund and may be commingled with other monies held by Beneficiary.

  • Administrative Agent shall have no obligation to release any of the Replacement Escrow Fund while any Event of Default or Default exists.

  • Mortgagor hereby pledges to Mortgagee any and all monies now or hereafter deposited in the Replacement Escrow Fund as additional security for the payment of the Debt.

  • The Replacement Escrow Fund shall be held in an interest bearing account in Mortgagee's name at a financial institution selected by Mortgagee in its sole discretion.

  • The Replacement Escrow Fund shall be held in an interest bearing account in Beneficiary's name at a financial institution selected by Beneficiary in its sole discretion.


More Definitions of Replacement Escrow Fund

Replacement Escrow Fund shall have the meaning ascribed to such term in the Mortgage.
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Replacement Escrow Fund. Leasing Escrow Fund," "Required Repairs Reserve" and "Bank Release Reserve" (as such terms are defined in the Existing Loan Documents) including any accrued but unpaid interest thereon due from Existing Lender;
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Replacement Escrow Fund has the meaning described in Paragraph 13.B.
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Replacement Escrow Fund has the meaning assigned in ----------------------- Section 3.1(b). "REQUIRED REPAIR FUND" has the meaning assigned in -------------------- Section
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Replacement Escrow Fund shall have the meaning ascribed to such term in the Deed of Trust.
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Replacement Escrow Fund. Leasing Escrow Fund," "Required Repairs Reserve" and "Bank Release Reserve," and (ii) if separately required in order to validly transfer the Non-Managing Interest, written consents from Existing Lender's Servicer and Rating Agencies to the transfer and assumption contemplated herein (or deemed consent from the Rating Agencies if they fail to respond despite compliance with Section 10(f) of the Deed of Trust) ("Consents"). Purchaser hereby acknowledges that (i) the form of Existing Lender's Certificate attached hereto as Exhibit FF contains more information than is required in accordance with this paragraph, and that such form shall also be acceptable and shall satisfy the requirements of this Section 10.
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Related to Replacement Escrow Fund

  • 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.

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

  • 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.

  • 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.

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

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

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

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

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

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

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

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

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

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

  • 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”.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • 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.

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

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

  • 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.

  • 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.

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

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.