Settlement Escrow Account definition

Settlement Escrow Account means the escrow account established pursuant to the Memorandum of Understanding to hold the Settlement Amount together with interest thereon.

Settlement Escrow Account means the interest-bearing account selected by the

Settlement Escrow Account means the Account managed by the Escrow Agent for the benefit of the Class Representatives and the Settlement Class until the Date of Finality.

Examples of Settlement Escrow Account in a sentence

• The proceeds in the Settlement Escrow Account shall be released on the Exit Facility Conversion Date and applied, as specified by Borrower in writing in advance of the Exit Facility Conversion Date, (i) to fund a portion of the Custodial Trusts on the Exit Facility Conversion Date and (ii) for general corporate and working capital purposes on and after the Exit Facility Conversion Date.

• Borrower shall have (i) established the Settlement Escrow Account with proceeds from the Tranche B-1 Term Loans in an aggregate principal amount of $35,000,000 and entered into the Settlement Account Escrow Agreement and (ii) the established Working Capital Escrow Account with proceeds from the Tranche B-2 Term Loans in an aggregate principal amount of $90,000,000 and entered into the Working Capital Account Escrow Agreement.

• The Court shall retain jurisdiction over this Case, the Settlement Administrator, the Settlement Escrow Account, the Settlement Agreement, the Final Order and Judgment, the Settlement Class Members, the Plaintiffs, and Sears for the purpose of administering, supervising, construing and enforcing the Settlement Agreement and the Final Order and Judgment.

• The Settlement Amount that Honeywell deposits, or causes to be deposited, into the Settlement Escrow pursuant to this Section V shall be held in the Settlement Escrow Account until such time as the Escrow Agent receives instructions pursuant to Section VI to distribute such amounts from the Settlement Escrow.

• The Seller accepts that all amounts remitted into the Settlement Account shall automatically be transferred to the Settlement Escrow Account pursuant to the consent letter provided under Clause 4.1.

More Definitions of Settlement Escrow Account

Settlement Escrow Account means an Escrow Account maintained in accordance with the Settlement Account Escrow Agreement which shall have no amounts on deposit therein other than with respect to the proceeds of the Tranche B-1 Term Loans required to be deposited therein pursuant to Section 3.1(x) and which proceeds shall be available solely to fund a portion of the Custodial Trusts on the Exit Facility Conversion Date.

Settlement Escrow Account means an interest-bearing escrow account selected by Co-Lead Class Counsel and Counsel for NIBCO, which shall be treated at all times as a “Qualified Settlement Fund” for federal income tax purposes pursuant to Internal Revenue Code (“Code”) Section 468B and the Regulations issued thereto.

Settlement Escrow Account means an escrow account in NOK established as a client account in the name of NT Services AS as escrow agent, with the Issuer being the beneficial owner of such account, which shall be pledged in favour of the Bond Trustee and the other creditors providing the requisite funds to refinance the Existing Debt (on a pro rata basis).

Settlement Escrow Account means the escrow account of Escrow Agent into which the Estimated Unsettled Municipal Bond Purchase Price shall be deposited by Buyer at Closing.

Settlement Escrow Account means an account maintained at City National Bank wherein the Settlement Fund shall be deposited and held in escrow under the control of Lead Counsel.

Settlement Escrow Account means the interest-bearing account established by the Settlement Escrow Agents (as defined below) pursuant to Court order and subject to Court oversight for the deposit of the Settlement Fund (as defined below).

Settlement Escrow Account means the account described in