Escrow Information Clause Samples
The Escrow Information clause defines the requirements and procedures for handling funds or assets that are to be held in escrow during a transaction. Typically, it specifies the identity of the escrow agent, the conditions under which the escrowed funds will be released, and the responsibilities of each party in providing necessary information or instructions. This clause ensures that both parties have a clear understanding of how and when escrowed assets will be managed and disbursed, thereby reducing the risk of disputes and providing security for the transaction.
Escrow Information. With respect to the information deposited with the Escrow Agent pursuant to the Credit Agreement and/or the Escrow Agreement during a calendar quarter, Borrowers will provide the Administrative Agent and the Escrow Agent updated contact information for PWM Investors not later than the 10th Business Day after the end of such calendar quarter;
Escrow Information. The Performance Deposit shall be deposited in the Escrow Account, which Escrow Account shall be a separately segregated interest bearing account. Any interest earned by the principal in the Performance Deposit shall be accumulated in the Escrow Account, shall be considered a part of the Performance Deposit and shall be released by Escrow Agent as Escrow Agent shall be directed as provided herein; provided, however, any dispute concerning release of the Performance Deposit shall be resolved in accordance with the dispute resolution mechanism set forth in this Agreement. Buyer and Seller shall provide Escrow Agent with their respective taxpayer ID numbers concurrently with the execution of this Agreement.
Escrow Information. With respect to the information deposited by the Aggregator Fund with the Escrow Agent pursuant to the Credit Agreement and/or the Escrow Agreement during a calendar quarter, the Aggregator Fund will provide the Escrow Agent on a confidential basis updated contact information for PWM Investors not later than the tenth (10th) Business Day after the end of such calendar quarter;
Escrow Information. «ServicerName» will provide all reports available, (hardcopy and electronic) for escrowed / non-escrowed accounts to include the following: • Open items reports - taxes and insurance (PMI, hazard, flood, windstorm, lender-placed) with expiration/ due dates within ninety (90) days of «TransferDate». Please include all outstanding bills. • Escrow vender master file list. • Please notify the Flood Certification Preparer to transfer any current flood determinations to Select Portfolio Servicing, Inc. as of «TransferDate». • Taxes due ninety (90) days or less from «TransferDate»: o Date next due o Payee(s) name and address o Parcel ID number o Amount escrowed o Payment frequency o Tax service provider and contact information o Date and amount of last payment • List of loans with multiple tax parcels. • List of loans with PMI insurance o Insurer name o Certificate number o Premium amount o Payment frequency o LPMI rate, lender paid o Renewal rate o Last disbursement date o Next disbursement date o Coverage amount o Percent of coverage • List of loans with flood insurance. • List of loans with ground rents o Payee name and address o Rent amount o Due date o Payment frequency o Escrowed or non-escrowed indicator • List of loans not with a tax service.
Escrow Information. The Escrow Agent shall provide the Company with all necessary investment information with respect to the Subscription Funds, including the date each Investor's Subscription Funds were received by the Escrow Agent.