Common use of Escrow Account Statement Clause in Contracts

Escrow Account Statement. At least 30 days prior to each Interest Payment Date, the Escrow Agent shall deliver to the Company, the Trustee and the Existing Notes Trustee a statement setting forth with reasonable particularity the balance of funds then in the Escrow Account and the manner in which such funds are invested ("Escrow Account Statement"). The parties hereto irrevocably instruct the Escrow Agent that on the first date upon which the balance in the Escrow Account (including the holdings of all U.S. Government Securities) is reduced to zero, the Escrow Agent shall deliver to the Company, to the Trustee and the Existing Notes Trustee a notice that the balance in the Escrow Account has been reduced to zero.

Escrow Account Statement. At least 30 days prior to each Interest ------------------------ Payment Date, the Escrow Agent shall deliver to the Company, the Trustee Company and the Existing Notes Trustee a statement signed by the Escrow Agent setting forth with reasonable particularity the balance of funds then in the Escrow Account and the manner in which such funds are invested ("Escrow Account Statement"). The parties hereto irrevocably ------------------------ instruct the Escrow Agent that on the first date upon which the balance in the Escrow Account (including the holdings of all U.S. Government Securities) is reduced to zero, the Escrow Agent shall deliver to the Company, Company and to the Trustee and the Existing Notes Trustee a notice that the balance in the Escrow Account has been reduced to zero.