Escrow Agent definition
Examples of Escrow Agent in a sentence
In such case, the Broker will collect the proceeds of the subscribers’ payments and issue a payment made payable to the order of the Escrow Agent for the aggregate amount of the subscription proceeds.
The Parties will split all Escrow Agent fees evenly that relate to the change of registration, filing of the Aircraft Lease Agreements at the FAA, and the registration of international interests in respect of the Aircraft Lease Agreements.
Upon Purchaser’s irrevocable issuance to Escrow Agent of an Escrow Account disbursement notice for the applicable Allocable Purchase Price and confirmation from Purchaser’s lender that the lien releases prepositioned with Escrow Agent related the Transferring Aircraft may be released, the Escrow Agent will simultaneously date and release the Assignment of Warranties and the Bills of Sale to APA – Embraer / Challenger Fleet Transaction.
The Escrow Agent, by signing the Consent and ▇▇▇▇▇▇▇ of Escrow Agent set forth at the end of this Agreement, has confirmed that it will be bound by the terms and conditions of this Agreement.
The Escrow Funds shall be released from escrow and applied by the Escrow Agent in accordance with the Escrow Agreement upon the occurrence of the “Second Merger Effective Time” (as defined in the Acquisition Agreement) pursuant to the Articles of Second Merger (as defined in the Acquisition Agreement).