Common use of OBLIGATIONS OF THE ESCROW BANK Clause in Contracts

OBLIGATIONS OF THE ESCROW BANK. 5.1 Segregation of funds Monies and other property received by the Escrow Bank under this Agreement shall, until used or applied in accordance with this Agreement, be held by the Escrow Bank in trust for the purposes for which they were received, and shall be segregated from other funds and property of the Escrow Bank.

Appears in 10 contracts

Samples: Operation and Maintenance Agreement, Escrow Agreement, Escrow Agreement

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OBLIGATIONS OF THE ESCROW BANK. 5.1 Segregation of funds Monies and other property received by the Escrow Bank under this Escrow Agreement shall, until used or applied in accordance with this Escrow Agreement, be held by the Escrow Bank in trust for the purposes for which they were received, and shall be segregated from other funds and property of the Escrow Bank.

Appears in 6 contracts

Samples: Agreement, Agreement, Substitution Agreement

OBLIGATIONS OF THE ESCROW BANK. 5.1 5.1. Segregation of funds Monies and other property received by the Escrow Bank under this Agreement shall, until used or applied in accordance with this Agreement, be held by the Escrow Bank in trust for the purposes for which they were received, and shall be segregated from other funds and property of the Escrow Bank.

Appears in 1 contract

Samples: Escrow Agreement

OBLIGATIONS OF THE ESCROW BANK. 5.1 Segregation of funds Monies and other property received by the Escrow Bank under this Agreement shall, until used or applied in accordance with this Agreement, be held by the Escrow Bank in trust for Request For Proposal - Section IIIA: List of Appendices to DLA March 2023 the purposes for which they were received, and shall be segregated from other funds and property of the Escrow Bank.

Appears in 1 contract

Samples: Format for Escrow Agreement

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OBLIGATIONS OF THE ESCROW BANK. 5.1 6.1 Segregation of funds Monies and other property received by the Escrow Bank under this Agreement shall, until used or applied in accordance with this Agreement, be held by the Escrow Bank in trust for the purposes for which they were received, and shall be segregated from other funds and property of the Escrow Bank.

Appears in 1 contract

Samples: Arbitral Award Escrow Account Agreement

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