Escrow Funds definition

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

Examples of Escrow Funds in a sentence

  • 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 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.

  • Escrow Agent’s duties under this Agreement shall terminate upon Escrow Agent’s disbursement of all Escrow Funds in accordance with this Agreement.

  • In the event that Escrow Agent deems itself uncertain in its sole reasonable discretion at any time with regard to the disposition of the Escrow Funds, Escrow Agent may, at its election, deposit the Escrow Funds into the registry or custody of any court of competent jurisdiction, together with such legal pleadings as it may deem appropriate, and interplead the parties hereto.

  • In either event, the duties of Escrow Agent shall terminate thirty (30) days after the date of such notice (or as of such earlier date as may be mutually agreeable) and Escrow Agent shall then remit the Escrow Funds then in its control to a successor escrow agent appointed by both Seller and Xxxxxxxxx (as evidenced by a jointly-signed written notice filed with Escrow Agent).


More Definitions of Escrow Funds

Escrow Funds shall have the meaning set forth in Section 8.9.
Escrow Funds means the Purchase Price delivered to the Escrow Agent as contemplated by Sections 1(c) and (d) hereof.
Escrow Funds means, as of any date of determination, the excess (if any) of the Escrow Amount minus the sum of all distributions and other payments to any Person from the Escrow Account paid pursuant to the terms of the Escrow Agreement on or prior to such date of determination.
Escrow Funds means the funds deposited with Escrow Agent pursuant to this Agreement, consisting of (1) the Cash Investments, and (2) any interest and other earnings thereon.