Escrow and Disbursing Agreement definition

Escrow and Disbursing Agreement means the Escrow and Disbursing Agreement by and among the Borrower, the First Deed of Trust Lender, the City, the Agency, the Investor, the Architect, the General Contractor and Title Agent(s), of even date herewith.
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Escrow and Disbursing Agreement means the Escrow and Disbursing Agreement dated as of July 1, 2005 by and among, the Borrowers, the Director and the Escrow Agent, as from time to time amended or modified.
Sample 1

Examples of Escrow and Disbursing Agreement in a sentence

  • All draw disbursements shall be made in accordance with the Escrow and Disbursing Agreement.

  • If required by the City, the Borrower immediately will deposit all Loan proceeds advanced by the City in a separate and exclusive demand deposit account with a financial institution acceptable to the City, and the City, at its option, may make any advance directly to such account with the Title Company in accordance with the Escrow and Disbursing Agreement (with the date of the deposit being the date of the advance for all purposes).

  • Draw requests will occur no more often than monthly, only with proper certification of completion from the Architect, and with the retainage being paid as set forth in the Escrow and Disbursing Agreement.

  • The City will place a portion of the proceeds from the sale of the Development Property into escrow with First American Title Insurance Company, pursuant to a Construction Escrow and Disbursing Agreement (the “ Escrow Agreement”) in substantially the form attached hereto as Exhibit D for the purpose of reimbursing Transferor for the costs of the City Upgrades as construction thereof progresses.

  • The proceeds of the R & D Loan shall be deposited with the Escrow Agent and will be disbursed to the Borrowers in accordance with the Escrow and Disbursing Agreement.

  • If for any reason the proceeds of the R & D Loan in the Escrow Account shall at any time be or become insufficient to complete the Provision of the Project, regardless of how such condition may be caused, the Borrowers will pay all costs of Provision of the Project until the R & D Loan is in balance and until such payments have been made, the Director will not be obligated to authorize the Escrow Agent to make any further disbursements under the Escrow and Disbursing Agreement.

  • Pending disbursement in accordance with this Loan Agreement and the Escrow and Disbursing Agreement, amounts in the Escrow Account shall be held by the Escrow Agent in the Escrow Account.

  • Resolution approving a Public Improvement Escrow and Disbursing Agreement with Division 25 White Bear, LLC (Centerville Road Improvement Project).

  • The conditions for making such a disbursement are set forth in the Loan Agreement and the Escrow and Disbursing Agreement (as defined in the Loan Agreement).

  • A total of 354 organizations responded to the survey — 204 met the eligibility criteria agreed upon by the study advisory committee, and 150 did not.

Related to Escrow and Disbursing Agreement

  • Separation and Distribution Agreement has the meaning set forth in the Recitals.

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Escrow Agreement means the escrow agreement entered into prior to the date hereof, by and among the Company and the Escrow Agent pursuant to which the Purchasers, shall deposit Subscription Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder.

  • 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.

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Post-Closing Agreement shall have the meaning set forth in Section 8.9.

  • Escrow Agreements means one or more of the agreements between the Company, the Partnership and one or more of the Performance Investors, dated as of the closing of the date of the initial public offering of the common stock of the General Partner, pursuant to which the Performance Investors have deposited their Performance Shares in escrow for possible transfer to the General Partner or the Partnership (as applicable).

  • Dividend Disbursing Agent shall have the meaning designated in Section 5.2(e) hereof.

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

  • Escrow and Paying Agent Agreement means, with respect to any Class, the Escrow and Paying Agent Agreement pertaining to such Class dated as of the date hereof between the Escrow Agent, the Underwriters, the Trustee for such Class and the Paying Agent, as the same may be amended, modified or supplemented from time to time in accordance with the terms thereof.

  • Escrow Obligations means (a) Government Obligations, (b) certificates of deposit issued by a bank or trust company which are (1) fully insured by the Federal Deposit Insurance Corporation or similar corporation chartered by the United States or (2) secured by a pledge of any Government Obligations having an aggregate market value, exclusive of accrued interest, equal at least to the principal amount of the certificates so secured, which security is held in a custody account by a custodian satisfactory to the Registrar or the Registrar, as the case may be, or (c)(1) evidences of a direct ownership in future interest or principal on Government Obligations, which Government Obligations are held in a custody account by a custodian satisfactory to the Registrar pursuant to the terms of a custody agreement in form and substance acceptable to the Registrar and (2) obligations issued by any state of the United States or any political subdivision, public instrumentality or public authority of any state, which obligations are fully secured by and payable solely from Government Obligations, which Government Obligations are held pursuant to an agreement in form and substance acceptable to the Registrar and, in any such case, maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient money to make the payment secured thereby.

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • Disbursement Letter means an instructional letter executed and delivered by Administrative Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

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

  • 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.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

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

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • closing agreement as described in Section 7121 of the Code (or any corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the Closing Date; (iii) installment sale or open transaction disposition made on or prior to the Closing Date; or (iv) prepaid amount received on or prior to the Closing Date;

  • Alternative Acquisition Agreement shall have the meaning set forth in Section 6.5(c).

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Deposit has the meaning set forth in Section 3.3.

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

  • Exchange Agent Agreement has the meaning set forth in Section 2.5(a).

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.