Payments from the Escrow Account. (a) A Parent Indemnified Party shall initiate a claim against the Escrow Fund by delivering to the Member Representative, with a copy to the Depository Agent, a written notice (an "Indemnification Notice"), which Indemnification Notice shall:
Payments from the Escrow Account. The Escrow Agent shall hold the Escrowed Cash in the Escrow Account in accordance with this Agreement and shall make payments from the Escrow Account only as follows:
Payments from the Escrow Account. The Escrow Agent shall make payments from the Escrow Account to the Director, the Grantor, or other persons, as instructed in writing by the Director. Payments from the Escrow Account shall be made solely in accordance with Sections 11523, 11523a, and 11523b of the Act. The Escrow Account so established shall be used solely to provide for the payment of the costs of closure, post-closure, and/or corrective action at the facility or facilities, covered by this Agreement, to reimburse the Grantor for legitimate expenses in carrying out closure, post-closure, and/or corrective action activities as approved by the Director, or to disburse to the Grantor excess funds as determined by the Director not required to be part of this Escrow Account. If the Director issues a notice of violation or other order to the Grantor alleging violation of the closure, post-closure, or corrective action requirements, the Director may, after providing the Grantor seven (7) days notice and opportunity for hearing, access the funds in the Escrow Account to complete closure, post-closure maintenance and monitoring, and/or corrective action to the extent necessary to correct such violations. In accordance with Section 11523b(6), the owner/operator may request the Department to authorize the release of funds from an Escrow Account if the owner/operator demonstrates that the value of the account exceeds the owner’s/operator’s financial assurance obligation. A payment or disbursement from the Account shall not be made without the prior written approval of the Department. The owner or operator shall receive all interest or earnings from an Escrow Account upon its termination. The Escrow Agent shall ensure the filing of all required tax returns for which the Escrow Account is liable and shall disburse funds from earnings to pay lawfully due taxes owed by the Escrow Account, without permission of the Department.
Payments from the Escrow Account. Upon receipt of a written certification of in Authorized Officer of Telesource that there is an amount in the Escrow Account in excess of tie balance required by Section 10 hereof and that CUC is entitled to be paid such excess amount from the Escrow Account, the Agent shall release from the Escrow Account and pay to CUC an amount which equals such excess amount.
Payments from the Escrow Account. Tenant agrees that, during the course of design and construction of the Tenant Improvements, funds shall disbursed from the Escrow Account to pay for TI Costs up to twice a month upon receipt by the holder of the Escrow Account of draw requests in Landlord’s standard form, containing such certifications, lien waivers (including a conditional lien release for each progress payment and unconditional lien releases for the prior month’s progress payments), and other matters as Landlord customarily obtains.
Payments from the Escrow Account. Any payment to be made by the Escrow Agent pursuant to this Agreement (whether to the Parent, the Purchaser, the Investors, the Sellers or any third party) shall be made by check or wire transfer (upon receipt of written wire transfer instructions of the recipient) out of the Escrow Account.
Payments from the Escrow Account. (a) On the date hereof, as promptly as reasonably practicable after the transfer described in Section 3(a), Holdco hereby directs the Escrow Agent to transfer an amount equal to $ (redacted amount) to DB, which amount is to be debited from the Escrow Account and is pledged to DB as collateral to secure the Issuer’s obligation to make payments to DB in accordance with the DB Swap.
Payments from the Escrow Account. On or before ten (10) business days prior to the Date Due listed in Section 2.8(b) above, Bank will remit payment in the amount listed to the following party in accordance with the following wire transfer instructions:
Payments from the Escrow Account. 2.1 No amount shall be released out of the Escrow Account otherwise than in accordance with this paragraph 2.
Payments from the Escrow Account. 2.1 No amount shall be released from the Escrow Account otherwise than in accordance with this Schedule 4 and the terms of the Escrow Account Agreement.
