Escrow Bond definition

Escrow Bond shall have the meaning given to such term in the Indenture.
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Escrow Bond means money deposited with the State Treasurer in trust, said money shall be placed in an account in the name of the West Virginia Division of Labor and the employer. An employer who cannot provide either a surety bond or collateral bond must deposit with the West Virginia Division of Labor the amount of money set forth in W. Va Code '21-5-14(a).
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Examples of Escrow Bond in a sentence

  • Whenever an Employer is delinquent, the oversight committee identified in Section 24.2 may require such Employer to post a larger Letter of Credit, Cash Escrow, Bond or combination thereof.

  • Review and approve Engineering cost estimates for development improvements and provide details for any applicable Escrow Bond.

Related to Escrow Bond

  • Escrow Bank has the meaning specified in Section 2.15(c).

  • Bond Purchase Fund means the Fund so designated, which is created and established by a Series Indenture.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.