Common use of Escrow and Accounts Clause in Contracts

Escrow and Accounts. (a) All funds received by the Escrow Agent pursuant to the terms of the Agreement shall be held and disbursed in accordance with the terms of this Escrow Agreement. Such funds and any earnings thereon shall constitute the "Escrow" and shall be held by the Escrow Agent separate and apart from all other funds and accounts of the Escrow Agent, the Settling States and the Participating Manufacturers.

Appears in 3 contracts

Samples: Master Settlement Agreement, Master Settlement Agreement (Loews Corp), Master Settlement Agreement (Philip Morris Companies Inc)

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Escrow and Accounts. (a) All funds received by the Escrow Agent pursuant to the terms of the Agreement shall be held and disbursed in accordance with the terms of this Escrow Agreement. Such funds and any earnings thereon shall constitute the "Escrow" and shall be held by the Escrow Agent separate and apart from all other funds and accounts of the Escrow Agent, the Settling States and the Participating Manufacturers.shall

Appears in 3 contracts

Samples: Master Settlement Agreement (Loews Corp), Master Settlement Agreement (Philip Morris Companies Inc), Master Settlement Agreement (RJR Nabisco Inc)

Escrow and Accounts. (a) All funds received by the Escrow Agent pursuant to the terms of the Agreement shall be held and disbursed in accordance with the terms of this Escrow Agreement. Such funds and any earnings thereon shall constitute the "Escrow" and shall be held by the Escrow Agent separate and apart from all other funds and accounts of the Escrow Agent, the Settling States and the Participating Manufacturers.

Appears in 2 contracts

Samples: Master Settlement Agreement, Master Settlement Agreement

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Escrow and Accounts. (a) All funds received by the Escrow Agent pursuant to the terms of the Agreement shall be held and disbursed in accordance with the terms of this Escrow Agreement. Such funds and any earnings thereon shall constitute the "Escrow" ‘‘E scrow’’ and shall be held by the Escrow Agent separate and apart from all other funds and accounts of the Escrow Agent, the Settling States and the Participating Manufacturers.

Appears in 1 contract

Samples: Master Settlement Agreement

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