Escrowed Funds definition

Escrowed Funds. Has the meaning, with respect to any Trust, specified in Section 2.02(b).
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Escrowed Funds has the meaning specified in Section 2.02(b).
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Escrowed Funds. With respect to any Trust, has the meaning specified in Section 2.02(b).
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Examples of Escrowed Funds in a sentence

  • For greater certainty, any Escrowed Funds, interest or other monies held by the Subscription Receipt Agent pursuant hereto after the cheque or wire transfer for the amount specified in Section 3.4(f) have been mailed or delivered, as the case may be, shall be delivered to the Corporation as soon as reasonably practicable thereafter.

  • The Corporation agrees that the Subscription Receipt Agent acts prudently in depositing the Escrowed Funds at any such bank, and that the Subscription Receipt Agent is not required to make any further inquiries in respect of any such bank.

  • The Subscription Receipt Agent xxxxxx agrees to hold the Escrowed Funds as agent for and on behalf of the Corporation and the Receiptholders and to release and deal with the Escrowed Funds as provided herein.


More Definitions of Escrowed Funds

Escrowed Funds means the Escrowed Proceeds and the Earned Interest thereon at any given time;
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Escrowed Funds has the meaning set forth in Section 3.1.
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Escrowed Funds means an amount, in cash or Eligible Escrow Investments, not to exceed the sum of (a) the issue price of the New Senior Notes, plus (b) the Additional Escrow Amount, plus (c) so long as they are retained in the Escrow Account, any income, proceeds or products of the foregoing.
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Escrowed Funds has the meaning assigned to such term in the Escrow Agreement.
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Escrowed Funds means the Proceeds, all interest or other income earned and any investments acquired from time to time with such funds;
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Escrowed Funds means the proceeds from the sale of the Subscription Receipts;
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Escrowed Funds means funds held in a SPAC escrow account, and must include at least 90% of the gross proceeds raised in the SPAC IPO or subsequent rights offering by a SPAC and at least 50% of the underwriters’ commission relating to the SPAC IPO.
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