Escrow Arrangement means an agreement between the Provider and the National Computing Centre (“NCC”) for the benefit of the Commissioner for current version of the source code of software, on the basis of the appropriate NCC standard terms approved by the Commissioner;
Escrow Arrangement has the meaning set out in Section 4.7;
Escrow Arrangement means an arrangement whereby the proceeds of the Loans are funded and/or transferred to one or more bank accounts of the Borrower or one or more wholly-owned Subsidiaries of the Borrower pursuant to irrevocable instructions given to the depositary bank in each instance that (i) the Borrower or such Subsidiary shall only be permitted to disburse such funds (x) in connection with foreign exchange transactions in connection with the Transactions; provided that the proceeds of any such foreign exchange transactions are deposited in bank accounts pursuant to the irrevocable instructions to the applicable depositary bank described in this definition and (y) to the Depositary and other payees pursuant to Section 6.03(3) of the Arrangement Agreement and (ii) require it to return such funds to the Administrative Agent on the third Business Day following the funding of the Loans unless such funds shall have been disbursed as permitted by clause (i)(y) of this definition on or prior to such date; provided that (A) amounts so returned to the Administrative Agent shall be in United States dollars (converted if necessary by the depositary bank from the currency in which they are then held) and (B) any currency exchange gains or losses shall be for the sole account of the Borrower and shall not affect its obligations to repay the Loans in accordance with Section 2.05. The Escrow Arrangement shall be documented in a manner reasonably satisfactory to the Administrative Agent.
Examples of Escrow Arrangement in a sentence
Based on the above and in the light of the Escrow Arrangement, the Manager to the Offer is satisfied that firm arrangements have been put in place by the Acquirers to fulfill the Acquirers’ obligations through verifiable means in relation to the Offer in accordance with the SEBI (SAST) Regulations.
As a payment security measure DISCOM will have to maintain LC and Escrow Arrangement as defined in the PPA.
Further, State Utilities/Discoms will have to maintain LC and Escrow Arrangement as may be defined in the PSA.
Based on the above and in light of the Escrow Arrangement, the Manager to the Offer is satisfied that firm arrangements have been put in place by the Acquirer to fulfill the Acquirer’s obligations through verifiable means in relation to the Offer in accordance with the Regulations.
Based on the above and in the light of the Escrow Arrangement, the Manager to the Offer is satisfied that firm arrangements have been put in place by the Acquirer to fulfill the Acquirer’s obligations through verifiable means in relation to the Offer in accordance with the Regulations.
More Definitions of Escrow Arrangement
Escrow Arrangement means the execution by the Parties and the Escrow Agent of the Escrow Agreement and the deposit of the full amount of the Escrow Cash by the Purchaser in the Escrow Account no later than two (2) Business Days prior to the Closing Date.
Escrow Arrangement means an arrangement whereby the proceeds of the Loans are funded and/or transferred to bank accounts of the Borrower or one or more wholly-owned Subsidiaries of the Borrower pursuant to irrevocable instructions given to the depositary bank in each instance that require it either (i) to transfer the funds to a bank account of the Borrower or of another Person whom Borrower represents to be a wholly-owned Subsidiary of the Borrower, (ii) to otherwise disburse such funds as directed by the Borrower, but only upon receipt of a written representation from Borrower that substantially simultaneously therewith, the Acquisition shall be consummated or (iii) to return such funds to the Agent, which such depositary bank will in any event be instructed to do on December 31, 2007 unless it shall have received the instruction contemplated by clause (ii) on or prior to such date. The Escrow Arrangement may involve the purchase of one or more foreign currencies; provided that (x) amounts returned to the Administrative Agent pursuant to (iii) above shall be in United States dollars (converted if necessary by the depositary bank from the currency in which they are then held) and (y) any currency exchange gains or losses shall be for the sole account of the Borrower and shall not affect its obligations to repay the Loans in accordance with Section 2.04. The Escrow Arrangement shall be documented in a manner reasonably satisfactory to the Administrative Agent.
Escrow Arrangement means a written or oral agreement under which money, documents, instruments or other property is delivered to a person to be held by that person for disbursement or delivery in accordance with the agreement of the parties upon (A) the happening of a certain specified event or events, or (B) the delivery to the escrow holder of money, documents, instruments or other specified property with a subsequent disbursement or delivery of such money, documents, instruments or other specified property received by the escrow holder in accordance with the agreement of the parties.
Escrow Arrangement means any agreement pertaining to shares required to be escrowed pursuant to any policy or requirement of the BC Securities Commission, the Exchange or equivalent regulatory authority having jurisdiction over the Issuer;
Escrow Arrangement the arrangements in place under an escrow agreement dated 29th January 2013 entered into between the Escrow Agent and the agents of the Vendor and of the Purchaser as varied by a supplemental escrow agreement dated 2nd April 2013, pursuant to which the Escrow Agent will deal with the sum of RMB15,000,000 deposited with it on behalf of the Purchaser in accordance with the conditions therein contained “Excluded Debt” the sum of RMB9,281,976 due and owing by Star-Lake Club to Xxx Xi Xxxx Xxx*（粵西園林）
Escrow Arrangement means one agreement or a series of agreements to be entered into between the Escrow Agent, the account holder of each Escrow Account and the RSA Agent, each in a form reasonably acceptable to the Issuer and the RSA Agent, in respect of each of the Escrow Accounts.
Escrow Arrangement means that each party will, if it is legally able, pay any amount payable by it on the Settlement Date pursuant to a Transaction into escrow (the "Escrow Amount"). Each party will use reasonable efforts to deposit (or cause its escrow agent to