The Escrowed Funds definition

The Escrowed Funds shall remain deposited with the Escrow Agent and shall be subject to and payable in accordance with the terms of the Escrow Agreement and this Agreement.
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The Escrowed Funds. (defined in Section 3(a) herein) shall be released to Seller;
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The Escrowed Funds less the Claimed Funds shall constitute the "Distributable Funds".
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Examples of The Escrowed Funds in a sentence

  • The Escrowed Funds shall not be held in an interest bearing account nor will interest be payable in connection therewith.

  • The Escrowed Funds will be held by the Escrow Agent for work described in the Job Standards and Specifications attached as Exhibit A to the Construction Contract of near or even date between the Applicant and the Contractor as may be modified by change orders executed by the Applicant, the Contractor, and the Escrow Agent (the “Work”).

  • The Escrowed Funds shall be released to the Corporation in accordance with the Subscription Receipt Agreement, provided that the Escrow Release Conditions have been satisfied or waived prior to the Escrow Release Deadline.

  • The Escrowed Funds shall be held in a non-interest bearing escrow account.

  • The Escrowed Funds may be invested in issuers listed on U.S. national securities exchanges; provided that (1) no investments may be made in the Company’s securities; (2) no more than 20% of the Escrowed Funds may be invested in one issuer; (3) no more than 50% of the Escrowed Funds may be invested in issuers that have; (A) a market capitalization of less than $1.0 billion; (B) been public for less than two years; and (C) less than $1.0 million in average daily volume for last 30 days.

  • The Escrowed Funds will be ‎applied towards payment of such amount, and the Corporation shall make up any shortfall of the balance owed to ‎the holders of the Subscription Receipts.‎ On the Effective Date (i) Brattle Xxxxx X.X. Ltd.

  • The Escrowed Funds received by the Escrow Agent and any securities or other instruments received by the Escrow Agent upon the investment or reinvestment of such Escrowed Funds, shall be received as agent for, and shall be segregated and kept apart by the Escrow Agent as agent for, the Receiptholders and the Underwriters.

  • The Escrowed Funds shall be forwarded to the Escrow Agent by wire transfer, together with the written account of subscription (the “Subscription”) in the form attached hereto as Exhibit B (the “Subscription Information”).

  • The Escrowed Funds Order On June 23, 2003, Kasben moved for the trial court to release to him the nearly $126,000 of Hoffman’s escrowed bankruptcy proceeds that had been turned over to Judge Unger, arguing that Hoffman had already received the money she was due under the amended judgment of divorce after remand and actually owed Kasben restitution for the wrongful sale of the Boone Farm and the marital farm.

  • The Escrowed Funds are to be disbursed pursuant to and in accordance with the provisions of the Escrow Agreement.


More Definitions of The Escrowed Funds

The Escrowed Funds shall be released to the Corporation upon the later to occur of (i) the acceptance by the Securities Exchange Commission for filing an F3 registration statement registering the Common Shares issued and (ii) the common shares of the Corporation (including the Common Shares issued being quoted on the NASDAQ. The satisfaction of each of the conditions referred to in items (i) and (ii) above being hereinafter referred to as the "Release Condition". FILING OF The Corporation will use its best efforts to satisfy the Release Condition as soon as REGISTRATION possible but in any event on or prior to the date which is 90 days following the STATEMENT: Closing Date. In the event that the Release Condition has not been satisfied prior to 5:00 p.m. (Toronto time) on the first business day which is at least 90 days following the Closing Date (the "Condition Deadline") each holder of Common Shares will be entitled to elect either (a) that the Corporation purchase for cancellation all of such holder's Common Shares for the amount of the Issue Price thereof plus any interest earned on such amount and payable from the Escrowed Funds or (b) to retain such Common Shares provided that, in the absence of such election being made by the holder prior to 5:00 p.m. (Toronto time) on the fifth business day following the Condition Deadline, the holder shall be deemed to have elected to have all of the Common Shares held by such holder purchased for cancellation in the manner set forth above. If required, the Corporation acknowledges and agrees that it shall pay the difference between the gross proceeds of the Offering and the balance of the Escrowed Funds (including all interest accrued thereon) to the Escrow Agent to ensure that all Common Shares surrendered or deemed to be surrendered for repurchase may be repurchased. RESTRICTION ON The Corporation will not, directly or indirectly, without SHARE ISSUANCES: the prior written consent of Sprott, which consent shall not be unreasonably withheld, issue, offer, sell, grant any option to purchase or otherwise dispose of (or announce any issue, offer, sale, grant of any option to purchase or other disposition of) any Common Shares or any securities convertible into, or exchangeable or exercisable for, Common Shares until the date which is 90 days following the Expiry Date, nor shall the Corporation publicly announce until such date an intention to do so, except for (i) the issuance of Common Shares in connection with the exercise of any c...
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Related to The Escrowed Funds

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • The Escrow Agent s responsibilities as escrow agent hereunder shall terminate if the Escrow Agent shall resign by written notice to the Company and the Purchaser. In the event of any such resignation, the Purchaser and the Company shall appoint a successor Escrow Agent.

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

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

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

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

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

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

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

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

  • Escrowed Proceeds means the proceeds from the offering of any debt securities or other Indebtedness paid into an escrow account with an independent escrow agent on the date of the applicable offering or Incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow account upon satisfaction of certain conditions or the occurrence of certain events. The term “Escrowed Proceeds” shall include any interest earned on the amounts held in escrow.

  • 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.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • 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 Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

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

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Escrowed Payment means an aggregate cash payment of up to $250,000;

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Escrow means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing.

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

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