Escrow Agreement definition
Examples of Escrow Agreement in a sentence
By their acceptance of the Notes, each Holder is deemed to authorize and direct the Trustee to execute and deliver the Escrow Agreement.
A consent to any amendment or waiver under this Indenture, the Notes, any Note Guarantee or the Escrow Agreement by any Holder given in connection with a tender or exchange of such Holder’s Notes will not be rendered invalid by such tender or exchange.
If a Special Mandatory Redemption of the Notes is to occur pursuant to Section 3.09 hereof due to the occurrence of one of the events specified in clause (i) or (ii) of the definition of “Special Mandatory Redemption Event,” the Escrow Agreement provides that the Escrow Agent will cause the liquidation of all Escrow Property then held by it and cause the release of the proceeds of such liquidated Escrow Property to the Trustee in accordance with the terms of the Escrow Agreement.
The Company shall have duly executed and delivered to the Placement Agent on behalf of the Purchaser the Registration Rights Agreement and the Escrow Agreement.
On the Issue Date, the Issuers, the Escrow Agent and the Trustee will enter into the Escrow Agreement, and on the Issue Date, the Issuers will deposit (or cause to be deposited) the gross proceeds of the offering of the Notes sold on the Issue Date into the Escrow Account.