Escrow Items Clause Samples

The Escrow Items clause defines the specific funds or assets that must be deposited with a neutral third party, known as the escrow agent, as part of a transaction. Typically, these items include earnest money, down payments, or documents such as deeds or titles, which are held until certain conditions of the agreement are met. By clearly outlining what must be placed in escrow and under what circumstances they are released, this clause ensures that both parties fulfill their obligations before the transaction is finalized, thereby reducing the risk of default or misunderstanding.
Escrow Items. Borrower shall pay to Lender on the day periodic payments are due under the Note, until the Note is paid in full, a sum to provide for payment of amounts due for (a) taxes and assessments and other items which can attain priority over this Trust Deed, such as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; and (c) premiums for any and all insurance required by Lender under this Trust Deed. These items are called “Escrow Items.” At origination or at any time during the term of the Loan, Lender may require that community association dues, fees, and/or assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall also be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section.
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Escrow Items. The following and those items that are required improvements as part of State Statute, City Code and the resolutions approving the development of the Property:
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Escrow Items. SOFTWARE PATENT CO., at no additional cost to BUSINESS METHOD PATENT CO., will promptly place upon BUSINESS METHOD PATENT CO.'s issuance of any Purchase Order for SOFTWARE PATENT CO. Software under Section 2.2(a) of the Purchase Agreement good working order copies of the source code, object code modules for which SOFTWARE PATENT CO. has no source code and documentation for such SOFTWARE PATENT CO. Software (to the extent SOFTWARE PATENT CO. has the right to make such deposit without violating the rights of any other person) (collectively the "Escrow Items") under the control of the Escrow Agent pursuant to the terms and conditions contained herein. Each such deposit shall be accompanied by a description of any public domain software incorporated into the deposited Escrow Items, and of any software which SOFTWARE PATENT CO. has incorporated into the deposited Escrow Items under license from others. In the latter case, SOFTWARE PATENT CO. shall: (i) deposit such licensed software only to the extent (if any) to which SOFTWARE PATENT CO. is entitled to do so under such license; (ii) specify which portions of such licensed software have been included in, and excluded from, the deposit; (iii) identify the owner or other licensor of such software; and (iv) to the best of SOFTWARE PATENT CO.'s knowledge at the time, described how (if at all) BUSINESS METHOD PATENT CO. may seek to license such software after release of the Escrow Items to BUSINESS METHOD PATENT CO. under this Agreement. BUSINESS METHOD PATENT CO.'s rights to Escrow Items under this Agreement shall at all times be subject to SOFTWARE PATENT CO.'s rights thereto, as those rights may change from time to time. Deposits of Escrow Items related to SOFTWARE PATENT CO. Software shall be made: (i) monthly while the related SOFTWARE PATENT CO. Software is a Pre-released Product; (ii) upon the related SOFTWARE PATENT CO. Software's designation as a Released Product; and (iii) upon SOFTWARE PATENT CO.'s release (if ever) of each new version of the related SOFTWARE PATENT CO. Software, provided that BUSINESS METHOD PATENT CO. is entitled to such new version under the Purchase Agreement or the Maintenance Agreement. SOFTWARE PATENT CO. shall revise and update the Escrow Items semi-annually or as necessary to keep them current and in good working order, provided that SOFTWARE PATENT CO. shall have no obligation to BUSINESS METHOD PATENT CO. to revise or update such copies after the later of: (i) the expiration of...
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Escrow Items. Issuer has placed into Escrow and delivered to the Escrow Agent the Escrow Items (other than the Purchase Price) as defined in the Escrow Agreement.
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Escrow Items. Lessee hereby authorizes Lessor to deduct or recover the items identi ed below from the General Reserve as provided in Section 8.2 of the Lease. Where no dollar gure is listed, the deductions will vary in amount and will be computed as indicated. As used in this Lease, “Lessor Markup” means any amount that exceeds the actual cost incurred by Lessor, whether such excess amount is retained by Lessor to offset administrative costs, as pro t, or for any other purpose. Auxiliary Power Unit Rent See Schedule A, § 3.4 Equipment Base Rent See Schedule A, §3.1 Base Rent payments include Lessor Markups, as well as additional interest and fees described in § 3.1.2.2 of this Schedule A, if Lessor elects the variable method of paying Base Rent described in that Section. Changes, alterations, improvements in the Equipment approved by Lessor or removed at Lessee’s expense because not approved by Lessor Amount Lessor paid or otherwise incurred Claims, losses, damages, or expenses (including reasonable attorneys’ fees) under Lease § 10 (Indemni cation), including deductibles under required nontrucking liability insurance and physical damage insurance policies pursuant to Lease §§ 14.1.1 and 14.1.2 Amount Lessor paid or otherwise incurred Equipment Purchase See Lease, § 26 Excess Mileage Rent See Schedule A, § 3.3 General Reserve escrow fund contributions See Schedule A, § 8(a) Insurance coverages that Lessor maintains at Lessor’s initial expense because Lessee failed to provide proper evidence of the purchase or maintenance of the required coverages under Lease § 14.3 Amounts the insurer(s) charged Lessor for the coverages plus Lessor Markup. Licenses, permits, taxes, other operating expenses, related levies, nes, penalties, liens, and encumbrances pursuant to Lease § 21, to the extent Lessee has not elected to make other arrangements to provide those items independently (either through Carrier or another source) Amount Lessor paid or otherwise incurred Loss, Damage, or Destruction pursuant to Lease § 13.1 Amount Lessor paid or otherwise incurred for repairs or, if a Loss under Lease § 13.1, such other amounts as are indicated in such section Maintenance Charges See Schedule A, § 3.2 Maintenance, repairs, and parts See Full-Service Maintenance Schedule If maintenance, repairs, parts, and supplies related to maintenance the cost of which are not Lessor’s responsibility under the Lease are nonetheless supplied/performed by an outside vendor and charged to Lessor's account wi...
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Escrow Items. The following items with a fully executed copy of this Escrow Agreement (collectively, the "Escrow Deposit"), shall be delivered to Escrow Agent, to be held by Escrow Agent pursuant to this Escrow Agreement: a. Securities in the amount stated on Schedule "A". b. "Blank" Stock Powers
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Related to Escrow Items

  • Funds for Escrow Items Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the “Funds”) to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called “Escrow Items.” At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower’s obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower’s obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower’s obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase “covenant and agreement” is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or earnings on the Funds. ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by ▇▇▇▇▇▇.

  • 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 Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Excluded Items The following items are excluded from this sale:

  • Collection of Taxes, Assessments and Similar Items; Escrow Accounts (a) To the extent required by the related Mortgage Note and not violative of current law, the Master Servicer shall establish and maintain one or more accounts (each, an "Escrow Account") and deposit and retain therein all collections from the Mortgagors (or advances by the Master Servicer) for the payment of taxes, assessments, hazard insurance premiums or comparable items for the account of the Mortgagors. Nothing herein shall require the Master Servicer to compel a Mortgagor to establish an Escrow Account in violation of applicable law. (b) Withdrawals of amounts so collected from the Escrow Accounts may be made only to effect timely payment of taxes, assessments, hazard insurance premiums, condominium or PUD association dues, or comparable items, to reimburse the Master Servicer out of related collections for any payments made pursuant to Sections 3.01 hereof (with respect to taxes and assessments and insurance premiums) and 3.09 hereof (with respect to hazard insurance), to refund to any Mortgagors any sums determined to be overages, to pay interest, if required by law or the terms of the related Mortgage or Mortgage Note, to Mortgagors on balances in the Escrow Account or to clear and terminate the Escrow Account at the termination of this Agreement in accordance with Section 9.01 hereof. The Escrow Accounts shall not be a part of the Trust Fund. (c) The Master Servicer shall advance any payments referred to in Section 3.06(a) that are not timely paid by the Mortgagors on the date when the tax, premium or other cost for which such payment is intended is due, but the Master Servicer shall be required so to advance only to the extent that such advances, in the good faith judgment of the Master Servicer, will be recoverable by the Master Servicer out of Insurance Proceeds, Liquidation Proceeds or otherwise.