Refunding Escrow Agent definition

Refunding Escrow Agent means the refunding escrow agent under the Refunding Escrow Agreement as shall be designated by the President and Chief Executive Officer of KUB, or any successor thereunder pursuant to the terms thereof;
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Refunding Escrow Agent means the refunding escrow agent selected by the Mayor in accordance with the terms hereof.
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Refunding Escrow Agent means a financial institution selected by the County Executive to act as escrow agent under the Refunding Escrow Agreement, or any successor designated by the Governing Body.
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Examples of Refunding Escrow Agent in a sentence

  • Further Voted: to authorize the execution and delivery of a Refunding Escrow Agreement to be dated October 14, 2021, between the Town and U.S. Bank National Association, as Refunding Escrow Agent.

  • To that end, such funds may be deposited with the Refunding Escrow Agent in the same manner as described in the paragraph (a) above.

  • The Refunding Escrow Agent is hereby authorized and directed to hold and administer all funds deposited in trust for the payment when due of principal of, premium, if any, and interest on the Refunded Bonds and to exercise such duties as set forth in the Refunding Escrow Agreement.

  • The Chairman, the County Administrator, the Chief Financial Officer, or any one of them, are hereby authorised to direct the Refunding Escrow Agent to invest funds held by it in accordance with the terms of the Series 1994 Bond Escrow Agreement.

  • The County Council hereby authorize the Series 1994 Bond Escrow Agreement with the Refunding Escrow Agent in connection with the refunding and defeasance of the Refunded Series 1994 Bonds.

  • ASeries 1994 Bond Escrow Agreement@ shall mean the escrow deposit agreement, between the County and the Refunding Escrow Agent, established with respect to the Refunded Series 1994 Bonds.

  • It is advantageous to the City and KUB to deposit a portion of the proceeds from the sale of the Series NN-2022 Bonds and other funds of KUB, if any, with the Refunding Escrow Agent pursuant to the Refunding Escrow Agreement which, together with investment income thereon, will be sufficient to pay principal of, premium, if any, and interest on the Refunded Bonds, provided, that KUB may dispense with the use of a Refunding Escrow Agreement to the extent permitted by Section 13 hereof.

  • The Chief Financial Officer shall direct the Trustee in writing (A) to hold funds in the County User Fee Debt Service Reserve Fund established with respect to the Series 1994 Bonds in the County User Fee Debt Service Reserve Fund in the amount necessary to satisfy in full the Reserve Requirement with respect to the Series 2004 Bonds and (B) to transfer the balance to the Refunding Escrow Agent for use in refunding the Refunded Series 1994 Bonds as set forth in the Series 1994 Bond Escrow Agreement.

  • The County, the Trustee, Ambac Assurance, and the Refunding Escrow Agent, may, by notice given to the other parties, designate any further or different addresses to which subsequent notice, certificates, or other communications shall be sent.

  • Refunding Escrow Agreement" means the Refunding Escrow Agreement, dated as of the date of the Bonds, between the County and the Refunding Escrow Agent, in substantially the form of the document attached hereto as Exhibit A, subject to such changes thereto as shall be permitted by the terms of this resolution.


More Definitions of Refunding Escrow Agent

Refunding Escrow Agent means the financial institution designated by the Mayor to serve in such capacity in connection with the refunding of the Refunded Indebtedness, or any successor designated by the Governing Body.
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Refunding Escrow Agent means any escrow agent designated by the County Mayor to act as escrow agent under any Refunding Escrow Agreement, or any successor designated by the Governing Body.
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Refunding Escrow Agent means Regions Bank, Nashville, Tennessee.
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Related to Refunding Escrow Agent

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Escrowed Payment means an aggregate cash payment of up to $250,000;

  • Escrow Agent has the meaning set forth in Section 2.1(c).

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

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

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Escrow Bank has the meaning specified in Section 2.15(c).

  • Initial Reserve Account Deposit means $3,000,000.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.

  • Escrow and Paying Agent Agreement means, with respect to either Class of Certificates, the Escrow and Paying Agent Agreement pertaining to such Class dated as of the date hereof between the Escrow Agent, the Underwriters, the Trustee for such Class and the Paying Agent, as the same may be amended, modified or supplemented from time to time in accordance with the terms thereof.