Escrowed Funds definition

Escrowed Funds. Has the meaning, with respect to any Trust, specified in Section 2.02(b).

Escrowed Funds. Has the meaning specified in Section 2.02(b).

Escrowed Funds has the meaning set forth in Section 3.1.

Examples of Escrowed Funds in a sentence

• The Corporation hereby appoints the Escrow Agent to act as: (a) escrow agent with respect to the Escrowed Shares and the Escrowed Funds and to disburse and deal with the same as provided herein; and (b) exchange agent on behalf of the Corporation to effect the exchange of Series II Preference Shares for Escrowed Shares, cash and/or other property pursuant to the rights, privileges, restrictions and conditions attaching to the Series II Preference Shares as provided herein.

• Immediately following the satisfaction and discharge of this Agreement, the Escrow Agent shall forthwith release to the Corporation all Escrowed Shares and/or Escrowed Funds, if any, then remaining in the possession of the Escrow Agent.

• Any investment losses realized by investment of Escrowed Funds or any portion thereof shall be charged to the Escrowed Funds.

• The retention and distribution of the Escrowed Funds in accordance with the terms and provisions of this Escrow Agreement shall fully and completely release Escrow Agent from any and all further obligations or liabilities under this Escrow Agreement, except to the extent provided in Section Section IX.D.

• All interest on or income realized by investment of the Escrowed Funds or any portion hereof shall be accumulated and added to the Escrowed Funds, and further provided that any such interest or investment income shall be used to pay for distributions described in Section V.A.4.

More Definitions of Escrowed Funds

Escrowed Funds means the Escrowed Proceeds and the Earned Interest thereon at any given time;

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.

Escrowed Funds has the meaning assigned to such term in the Escrow Agreement.

Escrowed Funds means the proceeds from the sale of the Subscription Receipts;

Escrowed Funds has the meaning ascribed thereto in Section 2.1 hereof;

Escrowed Funds has the meaning set forth in Section 5.4(e)(i).

Escrowed Funds means, collectively, the Proceeds, Earned Interest thereon and any investments acquired or made from time to time with such funds, as such funds may be reduced upon payment of amounts payable hereunder from the Proceeds or Earned Interest;