Closing Date Escrow Account definition

Closing Date Escrow Account means the account established at an affiliate of Barclays Capital Inc. and under the sole dominion and control of the Collateral Agent, Account No. 831-21303-1-6, for the purpose of holding the Escrow Funds pursuant to Section 5.04.
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Closing Date Escrow Account means an account designated by the Rights Offering Agent with the escrow agent that will initially hold all amounts paid by Participating Eligible Holders upon the exercise of their Subscription Rights with respect to the Initial Rights Offering Securities and Additional Shares, if any.
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Examples of Closing Date Escrow Account in a sentence

  • A business/service model is the mechanism by which the organization intends to meet the expectations of it’s stakeholders.

  • All Rights Exercise Forms of Allowed Second Lien Senior Notes Claims held through a Nominee must be delivered to the applicable Nominee in sufficient time to allow such Nominee to process and deliver the Rights Exercise Form to the Rights Offering Agent and appropriate funding to the Closing Date Escrow Account prior to the Rights Offering Expiration Date.

  • All Eligible Holders must deliver or arrange for delivery the Funding Amount to the Closing Date Escrow Account on or before the Rights Offering Expiration Date.

  • In all sessions of the ATCN Faculty Course, the student must receive satisfactory evaluations in order to successfully complete this portion of the ATCN Faculty requirements.

  • I consider it appropriate that CS Life confirm that it has sought this category of documents from the Bank.

  • If Platinum is not able to obtain such confirmation prior to the Closing Date, Escrow Account F of the Special Escrow Agreement will be funded with a portion of the Purchase Price in accordance with the terms of Section 6 of Agreement Regarding Escrows.

  • The method of delivery of the Rights Exercise Form and any other required documents, and delivery of the Funding Amount by each Eligible Holder is at such Eligible Holder’s option and sole risk, and delivery will be considered made only when such Rights Exercise Form and other documentation are actually received by the Rights Offering Agent and such Funding Amount is actually received in the Closing Date Escrow Account.

  • The Administrative Agent shall have received a fully executed and delivered Borrowing Notice which shall include, without limitation, instructions for the Administrative Agent to deposit the Escrow Funds into the Closing Date Escrow Account.

  • Except as set forth in Section 2.1(g) and in accordance with the Rights Offering Procedures, the escrow agent shall hold all amounts received in respect of the Initial Rights Offering Securities, Elected Additional Shares Option and each Backstop Investor’s Purchase Commitment in the Closing Date Escrow Account or Provisional Funds Escrow Account, as applicable, in escrow until the Closing Date or applicable Periodic Distribution Date, as applicable, in accordance with Section 2.3(b).

Related to Closing Date Escrow Account

  • 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.

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

  • 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.

  • 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.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

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

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

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

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit G-1.

  • 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.

  • 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).

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

  • Adjustment Escrow Amount means $1,000,000.

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

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • 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.

  • 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 $____________.

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

  • 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.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.