City Escrow definition

City Escrow is described in Section 2.2 hereof.
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City Escrow means the approximately $415,000.00 remaining in escrow for the benefit of the City pursuant to that certain Consent to Partial Assignment and Assumption of Development Agreement, executed on or about July 1, 2008 between the City, Frisco Square Land, Ltd., and Behringer Harvard Frisco Square, LP, and related documents.
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Examples of City Escrow in a sentence

  • Furthermore, the City shall also deposit all Accounts Receivable collected by it following the Closing Date and prior to the Payment Date with the Escrow Agent by the third Business Day after collection for further deposit by the Escrow Agent into the City Funded Escrow Account (such amounts, together with the Initial City Escrow Amount, the “City Funded Escrow Amount”).

  • The parties shall make all reasonable effort to close the purchase and sale under this Agreement at or before 5:00 p.m., Pacific Standard Time, on or before the Final Closing Date, at the offices of Capital City Escrow, Inc.

  • The parties shall make all reasonable effort to close the purchase and sale under this Agreement at or before 5:00 PM, Pacific Standard Time, on or before the Final Closing Date, at the offices of Capitol City Escrow, Inc.

  • This Agreement shall not be assigned by City, Escrow Agent, or Owner without the written consent of the other parties to this Agreement.

  • The Selling Agent agrees to be a party to and be bound by the terms of the Escrow Agreement executed as of ____________ ___, 2002 ("Escrow Agreement") by Capitol City Escrow, Inc.

  • Within one business day after receipt of Instruments of Payment from the offering, the Selling Agent or the Company will send to Escrow Agent: (a) a copy of each subscriber's completed Subscription Agreement, and (b) the Instruments of Payment from such subscribers for deposit into the deposit account entitled "Capitol City Escrow, Inc.

  • The City designates the City Manager to act on its behalf in connection with the City Escrow.

  • Upon its receipt of written direction from the City, Escrow Agent shall pay such portion of the Deposit to Developer.

  • In accordance with the City's procedures, the parties acknowledge that the City, as a condition of the approval of the Concept Plan and the Plat, may require Seller agree to complete the Off Site Development Work, and to post with the City a letter of credit ("Letter of Credit") to assure the City of the completion of the certain of the Off Site Development Work, or to create an escrow (the "City Escrow") to do so.

  • The City agrees to provide the Partnership with copies of any audit reports the City may receive with respect to the Assessment Escrow Account, the Loan Escrow Account and the City Escrow Account.

Related to City Escrow

  • Indemnity Escrow Account means the indemnity escrow account established by the Escrow Agent pursuant to the Escrow Agreement.

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

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

  • Escrow Property has the meaning set forth in the Escrow Agreement.

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