Working Capital Escrow definition

Working Capital Escrow means the escrow account established pursuant to the Working Capital Escrow Agreement.
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Working Capital Escrow means an amount equal to Three Million Dollars ($3,000,000).
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Working Capital Escrow shall have the meaning set forth in Section 2.6(c)(iv).
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Examples of Working Capital Escrow in a sentence

  • The Working Capital Escrow is designed to cover accruals of taxes, insurance, and interest above the amounts capitalized in the mortgage in the case of construction delay.

  • The Working Capital Escrow is to be held for a period ending one year after the date of substantial completion of the Project as determined by HUD, with any remaining balance to be refunded to the Partnership.

  • Working Capital Escrow Agreement - most multifamily developments are required to provide a letter of credit for the first three years of operation.

  • The Working Capital Escrow is designed to cover accruals of taxes, insurance, and interest in the case of construction delay, construction contingencies for cost overruns and change orders, and other miscellaneous expenses which are not included in the loan and is required for new construction and substantial rehabilitation proposals.

  • In this modern world, we are no longer just an “island.”This inaugural Annual Report shows what the Judiciary has achieved this past year and what remains to be accomplished.


More Definitions of Working Capital Escrow

Working Capital Escrow is defined in Section 2.3(b)(i)(A).
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Working Capital Escrow shall have the meaning set forth in Section 1.10(iii).
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Working Capital Escrow means an amount in cash equal to $250,000.
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Working Capital Escrow means an amount in cash equal to One Million Dollars ($1,000,000).
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Working Capital Escrow. Amount”) plus (B) Five Million One Hundred Seventy-Five Thousand and No/100 Dollars ($5,175,000.00) (collectively, the “Escrow Deposit”) to be held in escrow and disbursed, together with any interest or earnings thereon, pursuant to the escrow agreement (the “Escrow Agreement”) entered into simultaneously herewith in the previously agreed form;
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Working Capital Escrow means that certain escrow account with the Escrow Agent established by mutual agreement of the parties to hold the Working Capital Reserve, subject to distribution in accordance with Section 1.3(c).
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Working Capital Escrow means an amount in cash equal to Six Million Seven Hundred Fifty Thousand Dollars ($6,750,000).
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