Warranty Escrow Agent definition

Warranty Escrow Agent means DnB NOR.
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Warranty Escrow Agent means the Escrow Agent acting under the Warranty Escrow Agreement.
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Warranty Escrow Agent means the Purchaser's Solicitors
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Examples of Warranty Escrow Agent in a sentence

  • Further, the Purchaser and the Sellers, collectively represented by Nordic Capital, shall, on the Closing Date, execute and deliver, and shall cause the Warranty Escrow Agent to execute and deliver, an escrow agreement (the “Warranty Escrow Agreement”) substantially in the form set out in Exhibit 14.

  • The Warranty Escrow Agent shall be obligated only for the performance of the Duties as are specifically set forth herein.

  • The Warranty Escrow Agent shall be under no duty to give the property held in escrow by it hereunder any greater degree of care than it gives its own similar property.

  • The Warranty Escrow Agent and Parent shall be entitled to rely on and act in accordance with any written or deemed approval and consent of the Shareholder Agent in immediately distributing the amount of any actual Losses claimed in a specific Officer’s Certificate (and in subsequently distributing amounts to cover any anticipated Losses upon occurrence), even if the Shareholder Agent subsequently objects to or disputes the nature or amount of Losses.

  • If the Shareholder Agent does not timely deliver a Notice of Dispute (or such Notice of Dispute does not reasonably describe the basis of the objection), the Shareholder Agent shall be deemed to have irrevocably approved and consented to the payment of all Losses specified in the Officer’s Certificate (including any anticipated Losses, which will be deemed irrevocably by Shareholder Agent approved and shall be paid by the Warranty Escrow Agent or otherwise paid promptly upon their actual incurrence).

  • The Warranty Escrow Agent is authorized to deposit with the clerk or other authorized agent of the court all documents and cash amounts involved in the dispute or controversy at issue.

  • The Warranty Escrow Agent has opened the Warranty Escrow Account (account # [account number]) in the joint names of the Purchaser and the Seller Representative.

  • The Warranty Escrow Agent shall be entitled to rely on and act in accordance with any such memorandum and promptly shall distribute to Parent the specified amounts from the Warranty Escrow Fund (to the extent paid therefrom) to the extent consistent with the terms thereof.

  • The Warranty Escrow Agent shall not be liable for any act done or omitted hereunder as Warranty Escrow Agent while acting in good faith and in the absence of gross negligence or wilful misconduct.

  • In case the Warranty Escrow Agent obeys or complies with any such order, judgment or decree of any court or binding resolution of arbitration, the Warranty Escrow Agent shall not be liable to any of the parties hereto or to any other person by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed, modified, annulled, set aside, vacated or found to have been entered without jurisdiction.


More Definitions of Warranty Escrow Agent

Warranty Escrow Agent means KBC Bank
Sample 1

Related to Warranty Escrow Agent

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

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

  • 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 Deposit has the meaning set forth in Section 2.1.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • 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.

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

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

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

  • 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.

  • 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 interest or other amounts earned thereon.

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

  • Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.

  • 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 Bank has the meaning specified in Section 2.15(c).

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

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

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

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • 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.

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

  • Professional Fee Escrow means a non-interest-bearing escrow account established and funded pursuant to Article II.C.3.