Escrow Security definition

Escrow Security means any Primary Escrow Security or any Secondary Escrow Security that is an asset of an Escrow Account.

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Escrow Security means the Security created or evidenced or expressed to be created or evidenced by a Debtor or a member of the Group under or pursuant to the Escrow Security Documents which is released or otherwise discharged upon the proceeds of any Credit Facility, Senior Secured Notes, Pari Passu Debt Notes, Pari Passu Debt Loan, Second Lien Debt Notes and/or Second Lien Debt Loan being made freely available to a Debtor or member of the Group.

Escrow Security means the Completion Escrow Security and the Earn-Out Escrow Security (each as defined in Schedule 7)

Examples of Escrow Security in a sentence

The Escrow Agent will not be responsible or liable in any manner whatever for the sufficiency, correctness, genuineness or validity of any Escrow Security deposited with it.
In lieu of providing evidence of acceptable creditworthiness, the Seller may provide Idaho Power with commercially reasonable security instruments such as Letter of Credit, Senior Lien Rights, Step-In-Rights, Cash Escrow Security as those terms are defined in this Agreement or other forms of liquid financial security that would provide readily available cash to Idaho Power in the Event of a Default under this Agreement.
The Bank hereby agrees that the Escrow Security Agreement and the financing statements delivered to the Bank on the Closing Date pursuant to Section 4.1(c) of this Agreement shall be held in escrow by the Bank and shall not be filed or acted upon until an Event of Default exists under this Agreement, in which case the Bank may enforce such Escrow Security Agreement and perfect its interest therein to the fullest extent permissible under the law.
Any and all money and other Assets paid over to or received by the Holders pursuant to the provisions of this Section 5(b) shall be retained by the Holders in the account established pursuant to that certain Interest Escrow Security Agreement, dated as of the date hereof, by and among the Company and the other parties thereto (the "Collateral Account") as additional Pledged Collateral hereunder and shall be administered and applied in accordance with the provisions of the Notes.
Grantor and the Trustee have caused this Escrow Security Agreement to be duly executed as of the day and year first above written.
If Grantor has delivered Mortgage Escrow Security in lieu of maintaining the Mortgage Escrow Account, Grantor shall either deposit in the Mortgage Escrow Account not less than three (3) Business Days prior to the date the same are due an amount sufficient to pay such Impositions, or Beneficiary shall draw down on the Mortgage Escrow Security in such amount.
The Company will provide information reasonably requested by the Holders respecting the Depositary appointed under the Interest Escrow Security Agreement and will change the Depositary, if requested by the Holders.
The disbursement of such funds shall be governed by the Escrow Agreement and the Escrow Security Agreement.
Nutrition Management represents and warrants that the Escrow Security Agreement, upon the filing of financing statements in the appropriate governmental offices, will create valid first perfected security interests in the personal property of Nutrition Management described therein as collateral for all the Obligations subject to no prior Encumbrances.
Purchasers shall have received irrevocable instructions from the Company to direct funds to accounts maintained pursuant to the Interest Escrow Security Agreement and the Funded Commitment Facility Agreement.

More Definitions of Escrow Security

Escrow Security means the deposit of an amount equal to , to be deposited in an account in the name of the Escrow Agent and to be held by the Escrow Agent on the Escrow Terms as security for the payment of amounts due by the Buyer to the Council under clause 12.12 of this Agreement;