Escrow Funds definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Escrow Funds means the funds deposited with NCPS pursuant to this Escrow Agreement.

Escrow Funds means the funds deposited with Escrow Agent pursuant to Section 3 of this Agreement, together with any interest and other income thereon.

Examples of Escrow Funds in a sentence

Escrow Agent is authorized to and may disburse from time to time, to itself or to Portal or to any Indemnified Party from the Escrow Funds (but only to the extent of Issuer’s rights thereto), the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which Escrow Agent or any Indemnified Party is entitled to seek indemnification pursuant to Section 9 hereof).
Notwithstanding the foregoing, Escrow Agent shall not be obligated to disburse the Escrow Funds to Issuer if Escrow Agent has reason to believe that (a) Cash Investment Instruments in full payment for that number of Securities equal to or greater than the Minimum Offering have not been received, deposited with and collected by Escrow Agent, or (b) any of the certifications and opinions set forth in the Minimum Offering Notice are incorrect or incomplete.
Escrow Agent’s sole responsibility shall be for the safekeeping and disbursement of the Escrow Funds in accordance with the terms of this Escrow Agreement.
Escrow Agent shall notify Issuer and Portal of any disbursement from the Escrow Funds to itself or to any Indemnified Party in respect of any compensation or reimbursement hereunder and shall furnish to Issuer copies of all related invoices and other statements.
Escrow Agent shall not be obligated to take any legal action or commence any proceeding in connection with the Escrow Funds, any account in which Escrow Funds are deposited, this Escrow Agreement or the Offering Document, or to appear in, prosecute or defend any such legal action or proceeding.

More Definitions of Escrow Funds

Escrow Funds. All funds collected with respect to a Mortgage Loan by the Servicer to cover related Escrow Items according to the provisions of this Agreement.

Escrow Funds means the Purchase Price delivered to the Escrow Agent as contemplated by Sections 1(c) and (d) hereof.

Escrow Funds shall have the meaning set forth in Section 8.9.

Escrow Funds has the meaning set forth in Section 2.1(a).

Escrow Funds means the Escrow Deposit plus all interest, and interest earned on interest, on the Escrow Deposit.

Escrow Funds means, at any time of determination, the funds held in escrow at such time by the Escrow Agent in the Escrow Account pursuant to this Agreement and the Escrow Agreement.

Escrow Funds means, at any given time after Closing, the funds remaining in the one or more accounts in which the Escrow Agent has deposited the Escrow Amount in accordance with the Escrow Agreement, including any amount of interest actually earned.