Escrow Balance definition
Examples of Escrow Balance in a sentence
NUMBER(10,2) Escrow Balance Any positive balance remaining in the escrow account.
Each such statement shall be accompanied by an explanation of the reasons for any adjustment to any Cut- Off Date Unpaid Principal Balance or Escrow Balance.
It is clarified that any interest earned on the amounts deposited by NMCG in the Escrow Account will be counted towards the Minimum Escrow Balance.
The statement shall be accompanied by an explanation of the reasons for any adjustment to any Unpaid Principal Balance or Escrow Balance.
On the Release Date (i), if such date is the Closing Date, Escrow Agent shall deliver to Seller (or its designee) the Escrow Balance or (ii) if such date is the effective date of an earlier termination of the Purchase Agreement in accordance with the terms thereof, the provisions of SECTION 5 above shall apply to any release of the Escrow Balance.