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.
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:
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...
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.
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...
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