Interest on Escrow Funds Sample Clauses

Interest on Escrow Funds. All interest accruing from the date the Deposit is remitted to the Escrow Agent on the Escrow Funds or any part thereof held by the Escrow Agent shall accrue to the benefit of the party to which the portion of the Escrow Funds to which the interest relates is paid.
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Interest on Escrow Funds. All interest earned on the Escrow Funds shall be held by the Escrow Agent and shall inure to the benefit of and be paid to PEC or as PEC otherwise instructs in writing. The taxpayer identification number of PEC is 75-2000000.
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Interest on Escrow Funds. In the event that the Closing shall take place, then any interest earned on the Earnest Money Deposit shxxx xx credited to the Buyer as a portion of the cash required to be paid at Closing. In the event that the Closing fails to take place through default of the Seller and the Buyer shall demand a refund of the Earnest Money Deposit xx xxcordance with any of the terms of this Agreement, then said interest shall be paid to the Buyer. In the event that the Closing fails to take place through a default of the Buyer, Seller shall be entitled to the Earnest Money Deposit paxx xxxxunder, together with all interest earned on the Earnest Money Deposit xx xxx Seller accepts same as liquidated damages.
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Interest on Escrow Funds. (a) Any interest, dividends and other distributions and payments (collectively “Interest”) earned on the Escrow Funds shall accrue pro rata to the benefit of the Persons ultimately entitled to such funds.
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Interest on Escrow Funds. 9 2.5 No Set-Off...........................................................9 2.6
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Interest on Escrow Funds. The Parties agree that the interest, dividends and other distributions and payments (collectively "INTEREST") earned on the Escrow Funds shall accrue PRO RATA to the benefit of the Persons ultimately entitled to such funds.
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Interest on Escrow Funds. No interest accruing on the funds held in escrow shall be disbursed by the Escrow Agent to NABI or FRESENIUS, as the case may be, as each payment is made by the Escrow Agent out of the Residual Escrow Amount. Such interest shall be allocated between NABI and FRESENIUS in the same manner and to the same extent as any payment of principal out of the Residual Escrow Amount and shall be paid by the Escrow Agent as directed in the Reconciliation. In the event that the Reconciliation is not completed and jointly signed for any reason, the balance of the Residual Escrow Amount shall be retained in escrow pending presentation of a joint written direction received from NABI and FRESENIUS or a court order.
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Interest on Escrow Funds. In the event all conditions precedent as defined in Paragraph 2 are met, the total amount of Subscription Funds along with any interest earned, net of mutually agreed escrow related expenses, shall be released to the Company.
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Interest on Escrow Funds. Any interest paid on Escrow Funds deposited with Escrow Agent pursuant to this Agreement shall be added to and become a part of the Escrow Funds. In the event of an Event of Default (as hereinafter defined) all accrued interest of funds deposited with Escrow Agent pursuant to this Agreement shall be disbursed to Lender to be applied in the same manner as outlined in subparagraph 12(b) below. All earnings from the investment of the Escrow Funds on deposit in the Escrow Account shall be reported by Escrow Agent to applicable authorities, if at all, using the federal tax identification number of Borrower. The parties hereto acknowledge that the foregoing provision shall not in any way abrogate, vitiate or diminish the effectiveness of the security interests granted to Lender in paragraph 6 below.
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Related to Interest on Escrow Funds

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Deposits Any interest earned on cash deposits will be credited to CLEC in the amount actually earned or at the rate set forth in Section 8.7 below, whichever is lower, except as otherwise required by law, provided that, for elimination of doubt, the Parties agree that such deposits are not subject to state laws or regulations relating to consumer or End User Customer cash deposits. Cash deposits and accrued interest, if applicable, will be credited to CLEC's account or refunded, as appropriate, upon the earlier of the expiration of the term of this Agreement or the establishment of satisfactory credit with Qwest, which will generally be one full year of consecutive timely payments of undisputed amounts in full by CLEC. Upon a material change in financial standing, CLEC may request, and Qwest will consider, a recalculation of the deposit. The fact that a deposit has been made does not relieve CLEC from any requirements of this Agreement.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 360 days for the actual number of days elapsed) or (ii) the Swing Line Lender’s Quoted Rate (computed on the basis of a year of 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

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