Escrow Account Deposits Sample Clauses

Escrow Account Deposits. It is hereby unconditionally agreed by the parties hereto that the non-refundable down payment paid by the Buyer is to be deposited and held BY OSWEGO COUNTY until closing at COMMUNITY BANK, N.A., transfer of title or day of default, whichever occurs first. Down payment shall be credited against the purchase price at closing. Buyer fee is non-refundable and is hereby released and deemed earned byAuction Company for it sole use.
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Escrow Account Deposits. Upon the consummation of the sale of the Securities on the Issue Date, the Issuer shall cause the net proceeds of such Securities to be deposited into the Escrow Account with the Escrow Agent and deposit or cause an Affiliate to deposit an amount in cash equal to the sum of (x) an amount in cash that, when added to the net proceeds of such Securities equals 100% of the aggregate principal amount of such Securities, (y) an amount equal to the interest payable on such Securities from the Issue Date to, but excluding, the first Interest Payment Date for such Securities. If the Securities Assumption does not occur on or prior to the first Interest Payment Date for such Securities, the Issuer shall deposit or cause an Affiliate to deposit into the Escrow Account an amount in cash equal to the aggregate amount of interest payable on such Securities for the period from the first Interest Payment Date for such Securities to, but excluding, April 10, 2012.
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Escrow Account Deposits. Upon the consummation of the sale of the Initial Notes, the Company shall (i) cause the Initial Purchasers to deposit $257,591,600.00, representing the gross proceeds of the Notes into the Escrow Account with the Escrow Agent (the “Gross Proceeds Deposit”) and (ii) deposit or cause an affiliate to deposit $5,000,638.22 in to the Escrow account, representing an amount equal to the sum of (x) 1% of the Gross Proceeds Deposit and (y) interest that would accrue on the Notes from the date hereof to, but excluding October 16, 2009.
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Escrow Account Deposits. In accordance with the terms of the Escrow Agreement, on the date hereof, (i) the Initial Purchasers will deposit the gross proceeds received by the Initial Purchasers from the offer and sale of the Original Senior Notes into several Escrow Accounts pursuant to the Escrow Agreement and (ii) the Escrow Issuers will deposit pursuant to the Escrow Agreement an amount in cash or cash equivalents into such Escrow Accounts that results in the total funds deposited therein, when taken together with the amount deposited under clause (i) above (without giving effect to any income on such funds), to equal 100% of the initial offering price of the Original Senior Notes as shown on the cover page of the Offering Circular, plus the interest that will accrue and the accretion of original issue discount thereon to, but excluding, March 23, 2012.
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Escrow Account Deposits. Upon CITY’s receipt of payments from the buyers of the land that CITY acquires from DISTRICT (which shall include principal and interest on any purchase money loan it makes to such buyers), CITY shall deposit up to $6,217,185 of such funds plus the interest on any such purchase money loans into the Account. Any funds received by the City in excess of $6,217,185 shall be retained by the City, and shall not be deposited into the Account.
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Escrow Account Deposits. Prior to the First Closing, City shall deposit the BNSF Work Payment Amount, and the initial amounts attributable to BNSF Additional City Cost Work as set forth on the Construction Draw Schedule into the Escrow Account. City shall deposit those additional amounts listed on the Construction Draw Schedule for the BNSF Additional City Cost Work according to the schedule on the Construction Draw Schedule, and any incremental amounts for BNSF Additional City Cost Work over and above the amounts listed on the Construction Draw Schedule shall be deposited by City within fifteen (15) days following City's receipt of (i) written notice of the amount by which the Escrow Account needs to be increased, and
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Escrow Account Deposits. For each Mortgage Loan the balance of all Escrow Payments remaining for disbursement to pay Insurance and Lienable Items.
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Escrow Account Deposits. In accordance with the terms of the Escrow Agreement, on the date hereof, Escrow Issuer shall cause (i) the Initial Purchasers to deposit the gross proceeds received by the Initial Purchasers from the offer and sale of the Securities into the Escrow Account pursuant to the Escrow Agreement and (ii) California Lyon to deposit (or cause to be deposited) to the Escrow Account an amount of cash sufficient to fund all interest that will accrue on the Securities from (and including) the date hereof through (but excluding) August 29, 2014. The Escrow Issuer shall cause the Escrow Agent to invest the Escrowed Property in such Eligible Escrow Investments as the Escrow Issuer may from time to time direct in writing.
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Related to Escrow Account Deposits

  • Establishment of Escrow Account; Deposits in Escrow Account With respect to those Mortgage Loans on which the Servicer or any Sub-Servicer collects Escrow Payments, if any, the Servicer shall, and shall cause the Sub-Servicer to, segregate and hold all funds collected and received pursuant to each such Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of trust accounts. Such Escrow Accounts shall be established with a commercial bank, a mutual savings bank or a savings and loan association the deposits of which are insured by the FDIC in a manner which shall provide maximum available insurance thereunder, and which may be drawn on by the Servicer. The Servicer shall give notice to the Trustee of the location of any Escrow Account, and of any change thereof, prior to the use thereof. Nothing in this paragraph shall be deemed to require the Servicer to collect Escrow Payments in the absence of a provision in the related Mortgage requiring such collection. The Servicer shall deposit, or cause to be deposited, in any Escrow Account or Accounts on a daily basis, and retain therein, (i) all Escrow Payments collected on account of any Mortgage Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (ii) all amounts representing proceeds of any hazard insurance policy which are to be applied to the restoration or repair of any Mortgaged Property. The Servicer shall make withdrawals therefrom only to effect such payments as are required under this Agreement, and for such other purposes as are set forth in Section 5.11. The Servicer shall be entitled to retain any interest paid on funds deposited in the Escrow Account by the depository institution other than interest on escrowed funds required by law to be paid to the related Mortgagor and, to the extent required by law, the Servicer shall pay interest on escrowed funds to the related Mortgagor notwithstanding that the Escrow Account is non-interest-bearing or that interest paid thereon is insufficient for such purposes.

  • Escrow Accounts Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement.

  • Establishment of Escrow Accounts; Deposits in Escrow Accounts The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts. A copy of such letter agreement shall be furnished to the Trustee upon request. The Escrow Account shall be an Eligible Account.

  • Deposits into Escrow Account The Concessionaire shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account:

  • Escrow Deposits All escrow deposits and escrow payments currently required to be escrowed with the Mortgagee pursuant to each Mortgage Loan (including capital improvements and environmental remediation reserves) are in the possession, or under the control, of the Mortgage Loan Seller or its servicer, and there are no delinquencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to the Depositor or its servicer (or, in the case of a Non-Serviced Mortgage Loan, to the related depositor under the Non-Serviced PSA or Non-Serviced Master Servicer for the related Non-Serviced Trust).

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Disbursements from the Escrow Account a. At such time as Escrow Agent has collected and deposited instruments of payment in the total amount of the Advance and has received such Common Stock via D.W.A.C from the Company which are to be issued to the Investor pursuant to the Standby Equity Distribution Agreement, the Escrow Agent shall notify the Company and the Investor. The Escrow Agent will continue to hold such funds until the Investor and Company execute and deliver a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction at which time the Escrow Agent shall wire the Escrow Funds to the Company. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Investor that Escrow Agent already has on file. Simultaneous with delivery of the executed Joint Written Direction to the Escrow Agent the Investor and Company shall execute and deliver a Common Stock Joint Written Direction to the Escrow Agent directing the Escrow Agent to release via D.W.A.C to the Investor the shares of the Company's Common Stock. In releasing such shares of Common Stock the Escrow Agent is authorized to rely upon such Common Stock Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Escrow Agent has on file. In the event the Escrow Agent does not receive the amount of the Advance from the Investor or the shares of Common Stock to be purchased by the Investor from the Company, the Escrow Agent shall notify the Company and the Investor.

  • Establishment of Custodial Account; Deposits in Custodial Account The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “PrimeLending, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by the FHFA, Fxxxxx Mxx or Fxxxxxx Mac as an eligible depository institution for custodial accounts. The Custodial Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

  • Deposits into the Escrow Account All Subscribers will be directed by the Issuer and its agents to transmit their data and subscription amounts, via Escrow Agent’s technology systems (“Issuer Dashboard”), directly to the Escrow Account to be held for the benefit of Subscribers in accordance with the terms of this Agreement and applicable regulations. All Subscribers will transfer funds directly to the Escrow Agent (with checks, if any, made payable to “Prime Trust, LLC as Escrow Agent for Investors in [●]”) for deposit into the Escrow Account. Escrow Agent shall process all Escrow Amounts for collection through the banking system, shall hold such funds, and shall maintain an accounting of each deposit posted to its ledger, which also sets forth, among other things, each Subscriber’s name and address, the quantity of Securities purchased, and the amount paid. All monies so deposited in the Escrow Account and which have cleared the banking system are hereinafter referred to as the "Escrow Amount." No interest shall be paid to Issuer or Subscribers on balances in the Escrow Account. Issuer shall promptly, concurrent with any new or modified Subscription Agreement and/or offering documents, provide Escrow Agent with a copy of the Subscriber’s subscription and other information as may be reasonably requested by Escrow Agent in the performance of their duties under this Agreement. Escrow Agent is under no duty or responsibility to enforce collection of any funds delivered to it hereunder. Issuer shall assist Escrow Agent with clearing any and all AML and ACH exceptions. Funds Hold — clearing, settlement and risk management policy: All parties agree that funds are considered “cleared” as follows: * Wires — 24 hours after receipt of funds * Checks — 10 days after deposit * ACH — As transaction must clear in a manner similar to checks, and as Federal regulations provide investors with 60 days to recall funds. For risk reduction and protection, in making an effort to provide flexibility to Issuer, the Escrow Agent shall at its discretion post funds as cleared starting 10 calendar days after receipt. Of course, regardless of this operating policy, Issuer remains liable to immediately and without protestation or delay return to Prime Trust any funds recalled for whatever reason pursuant to Federal regulations. Notwithstanding the foregoing, cleared funds remain subject to internal compliance review in accordance with internal procedures and applicable rules and regulations. Escrow Agent reserves the right to deny, suspend or terminate participation in the Escrow Account of any Subscriber to the extent Escrow Agent, in its sole and absolute discretion, deems it advisable or necessary to comply with applicable laws or to eliminate practices that are not consistent with laws, rules, regulations or best practices.

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