Deposits into the Escrow Account definition

Deposits into the Escrow Account. All Subscribers' checks are to be made payable to "NORTH FORK BANK, as escrow agent for IPORUSSIA." The checks received from Subscribers whose Subscriptions have been accepted shall be delivered, as contemplated by section 5 below, to an account representative at the Branch for deposit into the Escrow Account. Upon receipt of such checks, the Escrow Agent shall deposit them in the Escrow Account for collection as provided in section 5. The Escrow Agent is not obligated, and may refuse, to accept checks not accompanied by a Subscription (or photocopy of a Subscription) containing the name, address and taxpayer identification number of each Subscriber and the Purchase Price of the Shares subscribed for by such Subscriber.
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Deposits into the Escrow Account. All Subscribers' checks will be made payable to "NORTH FORK BANK, as escrow agent for IPORUSSIA." The checks received from prospective purchasers of the Subscriptions may be delivered to an Account Representative at the Branch for deposit into the Escrow Account. The Escrow Agent is not obligated to, but may refuse to accept deposits not accompanied by a Subscription containing the name, address and taxpayer identification number of each prospective purchaser and the Purchase Price of the Subscriptions subscribed for by such purchaser.
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Examples of Deposits into the Escrow Account in a sentence

  • Deposits into the Escrow Account are insured, subject to the applicable rules and regulations of the Federal Deposit Insurance Corporation (the “FDIC”), in the standard FDIC insurance amount of $250,000, including principal and accrued interest, and are not secured.

  • Commencing on June 1, 1990, and on the first day of each month thereafter during the term of this Note, the Borrower shall make deposits ("Escrow Deposits") into the Escrow Account in an amount equal to one-twelfth (1/12) of the estimated annual real estate tax liability of the Borrower for the current twelve-month period in which such taxes are due.

  • Deposits into the Escrow Account are insured, subject to the applicable rules and regulations of the FDIC, in the standard FDIC insurance amount of $250,000, including principal and accrued interest, and are not secured.

  • The Investor(s) will instruct subscribers to wire funds to the account of the Escrow Agent as follows: Bank: Wachovia, N.A. of New Jersey Routing #: 031201467 Account #: __________________ Name on Account: David Gonzalez Attorney Trust Acxxxxx Xxxx xx Sub-Account: Nexicon, Inc./Cornell Capital Partners, LP Escrow Account Deposits into the Escrow Account.

  • Deposits into the Escrow Account shall be made by wire transfer in immediately available funds.

  • The Company shall deliver physical share certificate of the Company's Common Stock to the Investor's Counsel for deposit into the Investor's Counsels account as follows: Brokerage Firm: Investec Ernst & Co. Account #: 400-07595 Name on Account: Xxxxxx Xxxxxxxx LLP Escrow Account Deposits into the Escrow Account.

  • We note your references in the Escrow Agreement, filed as Exhibit 1A-8, in Section 3 Deposits into the Escrow Account to depositing virtual currencies .

Related to Deposits into the Escrow Account

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

  • 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.

  • 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.

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

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

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

  • 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).

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

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

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

  • Interest Reserve Account As defined in Section 3.4(d).

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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.

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

  • Initial Reserve Account Deposit means $3,000,000.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

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

  • Escrow means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

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

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

  • Collection Accounts As defined in Section 3.10(a).

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.