Warranty Escrow definition

Warranty Escrow has the meaning set forth in Section 2.5(c).
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Warranty Escrow will refer to a percentage of the total Project Construction Cost held for a defined period during the Project Warranty period and released per the provisions in the Construction Contract between the Owner and Contractor.
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Warranty Escrow means an amount equal to $950,000 as a separate escrow account (segregated from the Escrow Amount) held and administrated by the Escrow Agent under the Escrow Agreement.
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Examples of Warranty Escrow in a sentence

  • Any provisions of this Contract regarding Software License, Rights To Work Product, Warranty, Escrow, Confidentiality, Content Privacy and Security, Liability, Indemnification, and the General Provisions shall survive the expiration or termination of this Contract.

  • Any provisions of this Contract regarding Software License, Rights To Work Product, Warranty, Escrow, Confidentiality, Content Privacy and Security, Liability, Indemnification, Transition of Services, the right to purchase Maintenance Services, and the General Provisions will survive the expiration or termination of this Contract.

  • Provide an engineer’s cost estimate for the cost of all improvements.2. 10% Warranty Escrow Bond or Letter of Credit and Public/Private Improvement Agreement for all public and private improvements must be in place (from a financial institution with a branch in Utah).3.

  • The provisions of this Contract regarding Software License, Warranty, Escrow, Confidentiality, Liability and Indemnification, and the General Provisions shall survive the expiration or termination of this Contract.

  • Any provisions of this Contract regarding Software License, Rights To Work Product, Warranty, Escrow, Confidentiality, Content Privacy and Security, Liability, Indemnification, Transition of Services, and the General Provisions shall survive the expiration or termination of this Contract.

  • A EUR 500,000 deductible under such insurance cover will be funded from the Warranty Escrow.

  • Any provisions of this Contract regarding Software License, Rights To Work Product, Warranty, Escrow, Confidentiality, Content Privacy and Security, Liability, Indemnification, Transition of Services, , and the General Provisions will survive the expiration or termination of this Contract.

  • Cooper-Standard Project Falcon / SPA 09 June 2007 claims under this agreement against the Warranty Escrow Fund or the insurance referred to in Section 8.4.1 at their discretion.

  • To the extent that any Guarantee Claim or other claim shall have been agreed by the Parties or determined by a final and binding award of the competent arbitration tribunal, the Purchasers and the Seller shall immediately upon such agreement or determination issue joint written instructions to the escrow agent to pay the amount of such Guarantee Claim or other claim from the Warranty Escrow Account to the Purchasers.

  • Any interest generated on the Warranty Escrow Account (subject to any deduction of tax at source) shall be credited to the Warranty Escrow Account.


More Definitions of Warranty Escrow

Warranty Escrow. Amount shall mean the escrow amount as defined in Article 5.2(b) and as decreased in accordance with Article 9.6. Welfare Fund shall mean the welfare fund of GABA AG as defined in Article 13.3(b).
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Related to Warranty Escrow

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • 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.

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

  • Indemnity Escrow Amount means $5,000,000.

  • 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.

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Escrow Deposit has the meaning set forth in Section 3.3.

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

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

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

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

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

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

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

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

  • 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.

  • 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.

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

  • 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.

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

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

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