LURC Escrow Clause Samples

LURC Escrow. Pursuant to ELL Financing Order No. U-36350-A, the LURC is required to deposit any distributions received from the Trust into a separate restricted escrow account subject to the terms and conditions of the LURC Trust Distributions Escrow Agreement, to be effective as of the date of Closing, between the LURC and the escrow agent. The Trustee shall deposit any distributions due to the LURC pursuant to Section 6.01 of this Agreement directly into the separate restricted escrow account pursuant to Section 6.02 of this Agreement.