Escrow Requirement definition

Escrow Requirement means, as of any date of calculation, the sum of an amount in cash and principal amount of Escrow Investments in the Escrow Account which, together with the interest due on the Escrow Investments, will be sufficient to pay, as the installments thereof become due, the Aggregate Debt Service.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Escrow Requirement means the portion of the sale proceeds of the Bonds deposited in the Escrow Fund to be invested and used to refund the Refunded Bonds as provided in the Escrow Agreement.

Escrow Requirement means, as of any date of calculation, the sum of an amount in cash and principal amount of Investment Obligations in the Escrow Fund which together with the interest to become due on the Investment Obligations will be sufficient to pay the Total Debt Service on the Refunded Bonds in accordance with Schedule A.

Examples of Escrow Requirement in a sentence

Borrower shall execute an Escrow Agreement substantially in the form annexed hereto as EXHIBIT "F" and deposit with the Escrow Agent the GDB Escrow Requirement, as defined below, for each Fiscal Year of the Borrower commencing with the Fiscal Year beginning April 1st, 1993.
Deposit with the Escrow Agent The Escrow Requirement when such deposit becomes due, which obligation is hereby guaranteed by the respective general partners of the Borrower by their execution of this Agreement.
The deposit of moneys for the Escrow Requirement and Escrowed Securities in the Escrow Deposit Trust Fund shall constitute an irrevocable deposit of such moneys and Escrowed Securities for the benefit of the holders of the Refunded 2006 Bank Bonds, except as provided herein with respect to amendments permitted under Section 4.01 hereof.
The Verification Agent will verify that the deposit in the Escrow Fund of the Escrow Requirement to purchase the Escrowed Securities will produce sufficient funds to pay interest due and principal payable on the Defeased 2009 Bonds until June 1, 2019, and to redeem on said date all of the Callable 2009 Bonds maturing thereafter, all of which have been called for redemption on said date, at par.
Any vacation days above fifty (50) days as of June 30 of each year shall be lost to accumulation.

More Definitions of Escrow Requirement

Escrow Requirement has the meaning assigned to that term in Section 2.5; “Escrow Securities” has the meaning assigned to that term in Section 2.4; “Exchange” means the Canadian Securities Exchange;

Escrow Requirement has the meaning assigned to that term in Section 2.8;

Escrow Requirement has the meaning assigned to that term in Section 8; “Exchange” or “CSE” means the Canadian Securities Exchange;

Escrow Requirement means, as of any date of calculation, the amount necessary to pay, as it becomes due, the Acquisition Price, net of Available Amounts, as further shown on SCHEDULE I attached hereto.

Escrow Requirement means, as of any date of calculation, the sum of (1) an amount in cash and principal amount of Federal Securities in the Principal Account sufficient to pay the Total Debt Service on

Escrow Requirement means any provision of a Software license or other agreement between a Seller party and a licensee of the Software, that either (a) imposes an absolute or contingent requirement upon the Company to establish an Escrow Agreement for the benefit of the licensee, or (b) imposes an absolute or contingent requirement upon the Company to release or deliver Source Code for any of the Software directly to the licensee.

Escrow Requirement means, as of any date of calculation, an amount which will be sufficient to pay, as the installments become due, the Debt Service.