Escrow Letter definition

Escrow Letter means the letter, of even date herewith, to be signed by the Purchaser and the Seller instructing the Escrow Agents to establish and operate the Escrow Account;

Escrow Letter means, with respect to any Wet Loan that becomes subject to a Transaction before the end of the applicable rescission period, an escrow agreement or letter, which is fully assignable to Buyer, stating that in the event of a Rescission or if for any other reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for and for the benefit of Buyer and such funds shall be returned to Seller not later than one Business Day after the date of Rescission or other failure of the Loan to fund on a given day.

Escrow Letter means, with respect to any Wet Loan that becomes subject to a Transaction before the end of the applicable rescission period, an escrow agreement or letter, which is fully assignable to the Buyer, stating that in the event of a Rescission or if for any other reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for and for the benefit of the Buyer and such funds shall be returned to the related Seller not later than one Business Day after the date of Rescission or other failure of the Loan to fund on a given day.

Examples of Escrow Letter in a sentence

• The current form of the Break Escrow Letter is attached hereto as Exhibit B.

• The Break Escrow Letter shall indicate: (i) the date on which the Minimum Offering was achieved or satisfied; and (ii) the actual total number of Shares sold as of such date.

• If any of the instruments of payment are returned to the Escrow Agent for nonpayment prior to receipt of the Break Escrow Letter (as described below), the Escrow Agent shall promptly notify the Company in writing via mail, e-mail or facsimile of such nonpayment, and is authorized to debit the Escrow Account, as applicable in the amount of such returned payment.

• Such Escrow Letter inures to the benefit of, and the rights thereunder may be enforced by, the loan originator and its successors and assigns, including Buyer.

• As of the date hereof and as of the date of each delivery of a Wet Loan, the Settlement Agent has executed an Escrow Letter.

More Definitions of Escrow Letter

Escrow Letter means the letter in relation to the Escrow Account from the Escrow Agents to the Buyer and the Sellers in a form to be agreed between the parties within thirty days of today's date on terms consistent with this Agreement;

Escrow Letter means a letter substantially in the form of Exhibit L hereto.

Escrow Letter means the letter agreement dated August 8, 2017 among Conn Appliances, Inc., the Depositor, the 2016-A Issuer, the Issuer, the Administrative Agent and Xxxxx Fargo Bank, National Association, as indenture trustee.

Escrow Letter means, with respect to any Wet Loan that becomes subject to a Transaction, an escrow agreement or letter, which is fully assignable to Buyer, stating that in the event of a Rescission or if for any other reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for and for the benefit of Buyer and such funds shall be returned to Seller not later than one Business Day after the date of Rescission or other failure of the Loan to fund on a given day.

Escrow Letter means the letter of the date hereof between the Vendor and the Purchaser relating to the Escrow Account;

Escrow Letter shall have the meaning set forth in Section 10.5.

Escrow Letter means the letter from the Facility Agent acknowledged by the Company dated on or about the date hereof regarding the various payments to be made at or about the Closing in respect of the Closing.