Additional Escrow Account definition

Additional Escrow Account means the escrow account in respect of the Additional Escrow Amount established pursuant to the Escrow Agreement.
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Additional Escrow Account means an account in the name of the Issuer or any of the Rigowners, as the case may be, into which a part of the net proceeds from the Bond Issue may be transferred from the Escrow Account, pledged and blocked on first priority as Security for the Issuer's obligations under the Finance Documents.
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Additional Escrow Account means the account referred to in paragraph 3 of Part A of Schedule 3 to this Agreement.
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Examples of Additional Escrow Account in a sentence

  • For each Payment made by the Agent Bank, on behalf of IGA, out of the Escrow Account and/or Additional Escrow Account in accordance with the terms of the Agency Agreement, the Borrower shall cause IGA, at such time as the Administrator shall reasonably request, to furnish to the Administrator such documents and other evidence showing that such Payment was made exclusively on account of a Loss.

  • The Escrow Shares, as such term is used herein, shall include the initial Escrow Shares deposited by GoAmerica and the "Additional Escrow Account" as that term is defined in Section 3.2.

  • Praveen Chakravarty Mr. Praveen Chakravarty, aged 40 years, holds an MBA from the Wharton School and an undergraduate degree from BITS, Pilani.

  • Any interest earned in the Escrow Account or in the Additional Escrow Account net of any fees or costs of investment shall be paid to the Shareholders at their addresses and in the percentage interests set forth in Schedule 1 on a quarterly basis.

  • Apuron also committed the offense of Child Abuse, as set forth in 9 GCA § 31.30 by subjecting15 Mark to cruel mistreatment; and, while having Mark, who was a child at the time pursuant to 19 GCA §16 13101(d), under his care, custody or control, unreasonably caused or permitted the physical or emotional17 health of the child to be endangered.18 64.

  • This Escrow Agreement shall terminate when the amounts on deposit in the Escrow Account and the Additional Escrow Account have been released pursuant to the provisions of Section 5 and 6 hereof.

  • Upon receipt of reasonable evidence by the Securityholders’ Representative that any Specified Payment is payable, within 10 days following the occurrence of any event giving rise to an obligation to make Specified Payments, Parent and the Securityholders’ Representative shall immediately deliver a joint instruction to the Escrow Agent instructing the Escrow Agent to release to Parent from the Additional Escrow Account, an amount equal to any Specified Payments payable.

  • An amount equal to the gross proceeds from the Offering will be deposited in the Escrow Account, together with the gross proceeds from the Escrow Account Overfunding and any Additional Escrow Account Overfunding.

  • At the Closing, Parent shall deposit, or cause to be deposited, by wire transfer of immediately available funds an amount equal to the Adjustment Escrow Amount and the Additional Escrow Amount, in each case to be held in the Adjustment Escrow Account and Additional Escrow Account, as applicable, in accordance with the terms of the Escrow Agreement.

  • The City’s Annual Budget is designed to further implement the 2030 Plan.CITY CHARTER REQUIREMENTSThe Charter (Section 6.02) requires “a proposed budget prepared by the City Manager and submitted to the City Council at least thirty days prior to the end of the fiscal year.


More Definitions of Additional Escrow Account

Additional Escrow Account means the account referred to in paragraph 3 of Part A of Schedule 4 to this Agreement;
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Additional Escrow Account means the escrow account in respect of the Additional Escrow Amount established pursuant to the Escrow Agreement. “Additional Escrow Amount” means an amount equal to $3,600,000.
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Additional Escrow Account is defined in Section 2.3(c)(v).
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Additional Escrow Account has the meaning given to that term in Appendix A to the Completion Agreement.
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Additional Escrow Account has the meaning given to that term in Section 4.01(m).
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Related to Additional Escrow Account

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Capitalized Interest Account Initial Deposit means $1,022,277.35 deposited on the Closing Date.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $3,807,950.53.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Indemnity Escrow Amount means $3,000,000.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.