Retainage Agent definition

Retainage Agent means Bank One Trust Company, NA.
Retainage Agent means Bank One Arizona.
Retainage Agent means Michigan National Bank, NA.

Examples of Retainage Agent in a sentence

  • In addition, on the Closing Date, the Seller and Buyers shall enter into a Retainage Agreement in the form attached as Exhibit D hereto, pursuant to which Six Hundred Thousand Dollars ($600,000) shall be deposited by Buyers with the Retainage Agent and disbursed at the times and under the procedures specified in the Retainage Agreement.

  • On the Closing Date, the Sellers and Buyer shall execute the Retainage Agreement in the form attached hereto as Exhibit C, which shall provide for the retention of a portion of the Purchase Price at Closing by the Retainage Agent under the terms and conditions set forth in that Agreement.

  • Concurrent with the execution of this Agreement, the Sellers and Buyer shall execute the Retainage Agreement in the form attached hereto as Exhibit C, which shall provide for the retention of a portion of the Purchase Price by the Retainage Agent under the terms and conditions set forth in that Agreement.


More Definitions of Retainage Agent

Retainage Agent means ________________________.
Retainage Agent means Dubuque Bank & Trust Company.

Related to Retainage Agent

  • Retainage means that portion of the purchase price of an Export Order that a Buyer is not obligated to pay until the end of a specified period of time following the satisfactory performance under such Export Order.

  • Exchange Agent has the meaning set forth in Section 3.02(a).

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

  • Payment Agent shall have the meaning set forth in Section 2.8(a).

  • Disbursing Agent means the Debtors or the Reorganized Debtors, or the entity or entities chosen by the Debtors or the Reorganized Debtors to make or facilitate distributions pursuant to the Plan.

  • Disbursement is defined in Section 2.6.2.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Canadian Administrative Agent means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian administrative agent for the Lenders hereunder.

  • Construction Agent means the Lessee, as construction agent under the Construction Agency Agreement.

  • Applicable Agent means (a) with respect to a Loan or Borrowing denominated in US Dollars or any Letter of Credit, and with respect to any payment hereunder that does not relate to a particular Loan or Borrowing, the Administrative Agent and (b) with respect to a Loan or Borrowing denominated in any Alternative Currency, the London Agent.

  • Agent means any Registrar or Paying Agent.

  • Term Administrative Agent means Bank of America, N.A., in its capacity as agent for the “Secured Parties” under (and as defined in) the Term Credit Agreement, and its successors and assigns in such capacity.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Receiving Bank means the financial institution where a Receiving Party maintains its account.

  • Casualty Retainage means an amount equal to ten percent (10%) of the costs actually incurred for work in place as part of the Restoration, as certified by the Casualty Consultant, until the Restoration has been completed. The Casualty Retainage shall in no event, and notwithstanding anything to the contrary set forth above in this Section 6.4(b), be less than the amount actually held back by Borrower from contractors, subcontractors and materialmen engaged in the Restoration. The Casualty Retainage shall not be released until the Casualty Consultant certifies to Lender that the Restoration has been completed in accordance with the provisions of this Section 6.4(b) and that all approvals necessary for the re-occupancy and use of the Property have been obtained from all appropriate governmental and quasi-governmental authorities, and Lender receives evidence satisfactory to Lender that the costs of the Restoration have been paid in full or will be paid in full out of the Casualty Retainage; provided, however, that Lender will release the portion of the Casualty Retainage being held with respect to any contractor, subcontractor or materialman engaged in the Restoration as of the date upon which the Casualty Consultant certifies to Lender that the contractor, subcontractor or materialman has satisfactorily completed all work and has supplied all materials in accordance with the provisions of the contractor’s, subcontractor’s or materialman’s contract, the contractor, subcontractor or materialman delivers the lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or materialman as may be reasonably requested by Lender or by the title company issuing the Title Insurance Policy, and Lender receives an endorsement to the Title Insurance Policy insuring the continued priority of the lien of the Mortgage and evidence of payment of any premium payable for such endorsement. If required by Lender, the release of any such portion of the Casualty Retainage shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or materialman.

  • Escrow Agent has the meaning set forth in Section 2.3.

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.

  • Surviving Bank has the meaning set forth in Section 1.03.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Billing agent means a telephone utility that includes in a bill it sends to a customer a charge for a product or service offered by a service provider.[PL 1999, c. 59, §1 (NEW); PL 1999, c. 59, §3 (AFF).]