Closing Escrow Account definition

Closing Escrow Account has the meaning set forth in Section 3.1 hereof.
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Closing Escrow Account means the escrow account to be opened and maintained by the Escrow Agent in terms of the Escrow Agreement, into which the Advance Payment shall be deposited and from which it shall be released as governed by the terms of the Escrow Agreement;
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Closing Escrow Account is defined in paragraph 5(a) of this Agreement.
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Examples of Closing Escrow Account in a sentence

  • The Purchase Price shall be deposited into and held by the Escrow Agent in a Closing Escrow Account with a bank satisfactory to the Purchaser and Seller.

  • Literature review Teams of three or four physicians were assigned between one and four CD-related terms.

  • Upon confirmation that the Articles of Merger have been filed with the Secretary, Purchaser shall deposit with the Escrow Agent the aggregate amount of such outstanding fees and expenses in cash payable by wire transfer of immediately available funds for deposit in the Closing Escrow Account in accordance with the terms and conditions of the Escrow Agreement.

  • The Purchase Price, as so adjusted, shall be deposited by Buyer into the Closing Escrow Account prior to the Closing for transfer to Seller at the Closing in accordance with (a) the Joint Escrow Instructions, and (b) wiring instructions to be provided to the Closing Escrow Agent by Seller.

  • The escrow fee, if any, charged by the Escrow Holder for holding the Post Closing Escrow Account shall be borne equally by the parties.

  • As more fully set forth in the Liquidation Analysis, the Debtors have estimated that no more than 20% of the Closing Escrow Account Funds ($744,873.22) will be the subject of legitimate claims, and the balance ($2,979,492.87) will be remitted to the estates for distribution under the Plan.

  • THA shall deposit an amount equal to one hundred ten percent (110%) of the estimated Scrap Metal Fee for any Scrap Metal Fees that Covanta has not received from THA into the Closing Escrow Account.

  • If the amount deposited by THA to the Closing Escrow Account is greater than THA’s portion of the 2013, then THA will be reimbursed by LCSWMA for that amount.

  • If these are triggered then the developer is required to pay the full costs of the scheme as approved by TfL and/or the borough as appropriate.

  • XxxXxxxxx xx the sole beneficiary SCHEDULE B ----------------------------------------------------------------------------------------------------------------------------------- Cash Received Total Shares of (including from Class A Class B Name Holdings at Closing Escrow Account) Common Shares Common Shares Preferred Shares ---- ------------------- --------------- ------------- ------------- ---------------- Paul X.


More Definitions of Closing Escrow Account

Closing Escrow Account means the escrow account to be opened by the Vendor with the Escrow Agent in accordance with Clause 2.2(b) below, into which the Purchaser will deposit the Advance Payment and from which the Intercompany Loan 1 Repayment Amount will be released as provided in Clause 5.1.2 or returned as provided in Clause 6.3 below.
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Closing Escrow Account. Section 3.5(a) “Closing Statements” Section 3.3(b)
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Closing Escrow Account has the meaning set forth in Section 1.5(d).
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Closing Escrow Account shall have the meaning set forth in Section 1.6(b).
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Related to Closing 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.

  • 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.

  • 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.

  • 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.

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

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

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

  • 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.

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

  • 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.

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

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • 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.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Cash is defined in Section 4.1(a).

  • Working Capital Escrow Amount means $2,000,000.

  • Escrow Fund has the meaning ascribed to it in Section 7.2(a).

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

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

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

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

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

  • 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).

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC