Escrow Statement definition

Escrow Statement means that accounting of the proceeds of the
Sample 1Sample 2Sample 3
Escrow Statement shall set forth with respect to the period covered thereby (A) the balance of the Escrow Funds (the “Escrow Balance”) as of the beginning of such period, (B) the Escrow Balance as of Table of Contents the end of such period, (C) the amount of each release of Escrow Funds to the Buyer under Section 4(b) and to the Parent under Section 4(c), 4(d) or 4(e) during such period (and the identity of the Buyer Certificate or Tax Certificate with respect to which each such release related, if applicable), (D) the aggregate amount of interest and income earned on the Permitted Investments of the Escrow Funds during such period and (E) the aggregate of all Demand Amounts (as defined below) previously submitted to the Escrow Agent with respect to which the Escrow Agent had neither released Escrow Funds to the Buyer in accordance with Section 4(b)(ii) nor received a Determination (as defined below) under Section 4(b)(iii) (“Pending Demand Amounts”) as of the end of such period. Although the Buyer and the Parent each recognize that it may obtain a broker confirmation or written statement containing comparable information at no additional cost, within three business days following any securities transaction in the escrow account, and which reflects the amount of the agency fee, the Buyer and the Parent hereby agree that confirmations of Permitted Investments are not required to be issued by the Escrow Agent for each month in which a monthly statement is rendered. The Buyer and the Parent acknowledge and agree that the disbursement and release of Escrow Funds on any particular date is subject to the sale and final settlement of Permitted Investments. Proceeds of a sale of Permitted Investments will be delivered on the business day on which the appropriate instructions are delivered to the Escrow Agent if received prior to the applicable deadline for same day sale of such Permitted Investments. If such instructions are received after the applicable deadline, proceeds will be delivered on the next succeeding business day.
Sample 1

Examples of Escrow Statement in a sentence

  • The Final Report of Real Property or Conservation Easement Expenditures is completed by the District EEM Coordinator and forwarded with Closing Escrow Statement to the LPA Office with a copy to the HQ EEM Program Coordinator.

  • The Housing Authority reports operating revenues as defined for cash flow purposes in GASB Statement No. 9.

  • Recommendations 10 for a short-term employment goal should be provided, whenever possible.

  • J.E. 11 (the “First Notice”).Change to notify Ms. Pope of changes to her Monthly Mortgage Payment and the effective dates of those changes.45 The Notices provided the following information: Between the filing of the Third Notice and the Fourth Notice, Ms. Pope received an annual Escrow Statement dated January 26, 2018 (the “January 2018 Escrow Statement”).

  • The Initial Escrow Statement itemizes the estimated taxes, insurance premiums and other charges anticipated to be paid from the Escrow Account during the first twelve months of the loan.

  • In Statement of Auditing Procedures Number 29, the AICPA committee stated that internal control in the broad sense includes controls that may be characterized as either accounting or administrative.

  • While the Fifth Notice decreased Ms. Pope’s Monthly Mortgage Payment to $1,558.08 and her escrow payment to $649.42, effective July 1, 2019, the May 29, 2019 Escrow Statement, which was attached to it, did not show the actual application of the escrow payments preceding May of 2019.

  • The Debtor paid Feldstein a $4,000 fee for securing the loan, although the Plaintiff was not aware of this payment at the time of the transaction.Contemporaneous with the execution of the Notes, the parties executed an addendum to the Notes (the “Addendum”) that stated simply: “Copy of Escrow Statement to be sent to Michael McEntee when it is available.” See Exs.

  • The Mortgage Modification further states that “Borrower has been advised of the amount needed to fully fund the T&I Escrow Account.” (Id. at PAGEID# 1093).On November 25, 2013, Caliber analyzed Plaintiff’s escrow account and sent him an Annual Escrow Statement.

  • Escrow Statement at 2.To support his assertion that the monthly payment included amounts that should have been capitalized but were not, Mr. Bowen cites Ms. Christensen’s deposition.

Related to Escrow Statement

  • Funds Flow Statement means a funds flow statement in agreed form.

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • Cash Flow Statement means, with respect to any particular Bonds and Auxiliary Obligations, an Authority Certificate (a) setting forth, for the then current and each future Bond Year during which such Bonds and Auxiliary Obligations will be Outstanding, and taking into account (i) any such Bonds expected to be issued or redeemed or purchased for cancellation in each such Bond Year upon or in connection with the filing of such Certificate, (for which purpose, if such Authority Certificate is delivered as of a date prior to a scheduled mandatory tender date for any Adjustable Rate Bonds, the Purchase Price of all such Adjustable Rate Bonds subject to mandatory tender on such tender date shall be assumed to be due and payable on such mandatory tender date), (ii) any such Auxiliary Obligations expected to be incurred upon or in connection with the filing of such Certificate, (iii) the interest rate, purchase price, discount points and other terms of any Related Mortgage Loans, and (iv) the application, withdrawal or transfer of any moneys expected to be applied, withdrawn or transferred upon or in connection with the filing of such Certificate:

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.

  • Payment Statement As defined in Section 6.01 hereof.

  • Closing Statement has the meaning set forth in Section 2.5(a).

  • insider report means a statement required to be filed pursuant to Section 16 of the Exchange Act (or any successor provisions), by a person who is a director of the Corporation or who is directly or indirectly the beneficial owner of more than ten percent of the shares of the Corporation.

  • Payoff statement means a written statement furnished by the mortgage servicer which sets forth all of the following:

  • Account Statement means a periodic statement of the transactions credited or debited to an Account;

  • MERS Report The report from the MERS System listing MERS Designated Mortgage Loans and other information.

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.

  • Auditor’s Report means the auditor’s report on the Financial Report; “AEDT” means Australian Eastern Daylight Time.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Billing Statement means the billing statement for your Account.

  • Objections Statement has the meaning set forth in Section 1.02(d).

  • Request regarding a statement of account means a record authenticated by a debtor requesting that the recipient approve or correct a statement indicating what the debtor believes to be the aggregate amount of unpaid obligations secured by collateral as of a specified date and reasonably identifying the transaction or relationship that is the subject of the request.

  • Reconciliation Report refers to the Reconciliation Report as referenced in s. 3 of Reg 264/07 under LHSIA.

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 11, 2022 and effective December 31, 2021.