PPP Escrow Agent definition

PPP Escrow Agent means for Target Company, the bank that provided the PPP Loan to Target Company.

PPP Escrow Agent means U.S. Bank National Association.

PPP Escrow Agent means JPMorgan Chase Bank, N.A.

Examples of PPP Escrow Agent in a sentence

• The total percentage bolt-ons which may be claimed are therefore 50% i.e. £119.23.

• In the event that there is no CARES Unforgiven Debt, Purchaser and Seller shall cause the PPP Escrow Agent to release the entire PPP Escrow Amount (including any interest accrued thereon) to Seller.

• After taking into account the amount contemplated by the previous sentence, if any, Purchaser and Seller shall cause all remaining funds from the PPP Escrow Amount (including any interest accrued thereon) to be released by the PPP Escrow Agent to Seller.

• The consent and approval of the PPP Lender to the transactions contemplated by this Agreement shall have been obtained and the PPP Escrow Agreement shall have been entered into, or concurrently herewith will be entered into, by the Sellers and the PPP Escrow Agent.

• The PPP Escrow Agreement will provide for the deposit of the principal plus accrued interest (plus any prepayment and similar fees) under the PPP Loan through the date of the Closing (together, the “PPP Escrow Amount”) by Buyer at the Closing in an account with the PPP Escrow Agent.

More Definitions of PPP Escrow Agent

PPP Escrow Agent has the meaning set forth in Section 2.3(a)(xii).

PPP Escrow Agent means Boston Private Bank & Trust Company.

PPP Escrow Agent means BOKF, NA doing business as Bank of Oklahoma.

PPP Escrow Agent means Zions Bancorporation N.A. dba Vectra Bank Colorado.

PPP Escrow Agent means the PPP Lender, in its capacity as escrow agent with respect to the PPP Escrow Amount.

PPP Escrow Agent means First Republic Bank.

PPP Escrow Agent means Truist Bank. “PPP Escrow Amount” means $441,162.