Escrow Account Balance definition

Escrow Account Balance has the meaning set forth in Section 4 of this Agreement.
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Escrow Account Balance. (i) the Initial Deposit plus accrued interest thereon to the end of the Fixed Period and (ii) after the payment of an amount payable pursuant to Section 4(b), the amount of funds remaining in the Escrow Account together with any interest earned thereon less any amount previously paid to the Charterer pursuant to Section 4(b)(ii).
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Escrow Account Balance has the meaning set forth in Exhibit H.
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Examples of Escrow Account Balance in a sentence

  • Likewise, in the event CUSTOMER does not forward sufficient funds to pay for services of the CLERK & COMPTROLLER, thereby creating a shortage, the CUSTOMER hereby authorizes the CLERK & COMPTROLLER to charge CUSTOMER'S Escrow Account Balance for said shortage.

  • Any and all unpaid charges shall be deducted from the available Escrow Account Balance prior to closing of the Escrow Account and the return of any remaining Escrow Account Balance.

  • Each of AusSuper and Federation must, at all times until the Escrow Account Balance is nil, have a nominated representative for the purpose of executing withdrawals, dealings and other notices in relation to the Escrow Account in accordance with this agreement and the Escrow Account Control Deed.

  • In the event such Escrow Account Balance becomes totally depleted or sufficient funds do not remain to cover costs incurred against the same, services will be suspended until such Escrow Account Balance is replenished as provided herein.

  • Interest which accrues on the Escrow Account Balance (together with any interest accruing on amounts credited to the account as interest), is for the benefit of Federation.

  • If an Escrow Claim becomes an Agreed Claim (which, for the avoidance of doubt, may occur at any time before or after the Escrow Payment Date), Federation and AusSuper must, on the next Business Day, direct the Escrow Bank to pay to AusSuper from the Escrow Account the Agreed Claim Amount up to the extent of the Escrow Account Balance (provided that such Agreed Claim Amount is satisfied in accordance with clause 7.14).

  • Escrow Account Balance means at the relevant time and from time to time the amount credited to the Escrow Account.

  • On the next Business Day after the Escrow Payment Date, Federation and AusSuper must direct the Escrow Bank to pay to Federation by way of Escrow Funds an amount equal to the Escrow Account Balance less the aggregate amount of all Escrow Claimed Amounts applicable to such Unagreed Escrow Claims (if any) as at the Escrow Payment Date.

  • When the port was advised to furnish the plan of deployment of funds from the Escrow account for the purposes stated in the tariff guidelines, the port has contended that it is not required to utilise the Escrow Account Balance upto 2009-10 with reference to the transfers made in the Account in the year 2005-06.

  • In the event CUSTOMER pays for services of the CLERK & COMPTROLLER with funds outside of the Escrow Account and the payment of such funds creates a funds surplus for the transaction, CUSTOMER agrees said funds surplus may be credited to CUSTOMER'S Escrow Account Balance.


More Definitions of Escrow Account Balance

Escrow Account Balance means, at any relevant time, the then amount standing to the credit of the Escrow Account (comprising the Escrow Amount) (i) plus any interest or profit generated therefrom, (ii) less any payments made from the Escrow Account to any Buyer pursuant to Clause 4.5, any payments made to the Sellers pursuant to Clause 4.4 and any amounts to which Clause 4.6 applies;
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Escrow Account Balance means the amount, if any, held in the Escrow Fund by the Escrow Agent pursuant to this Agreement on the Distribution Date, including the initial escrow deposit of $5,000,000 made pursuant to Section 2 of this Agreement and all income and interest earned on and profits realized from and proceeds of investments of the Escrow Fund, LESS, however, any losses incurred from investments of the Escrow Fund and any amounts paid or owing from the Escrow Fund on or prior to the Distribution Date pursuant to Section 5 hereof to pay expenses or fees of the Escrow Agent, to pay amounts payable to the Surviving Corporation for Reimbursable Expenses and certain taxes payable by the Surviving Corporation pursuant to Section 8 hereof, to pay expenses of the Stockholder Representatives, or to pay a Final Judgment Amount or Approved Settlement Amount to the Surviving Corporation.
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Escrow Account Balance. As set forth in Section 4.13 herein.
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Escrow Account Balance means at the relevant time and from time to time, the principal amount credited to the Escrow Account (to avoid doubt, excluding any interest on that principal amount).
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Escrow Account Balance has the meaning given in the Escrow Agreement.
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Escrow Account Balance means, at any given time after Closing, the funds remaining in the Escrow Account, including any amount of interest actually earned thereon/
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Related to Escrow Account Balance

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Principal Funding Account Balance means, with respect to any date of determination, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

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

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

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

  • Expense Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • 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.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • 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.

  • Economic Capital Account Balance has the meaning provided in Section 5.1(e) hereof.

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

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

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

  • Economic Capital Account Balances has the meaning set forth in Section 5.01(g) hereof.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.