Secured Escrow Account definition

Secured Escrow Account means the escrow account containing the gross proceeds of the Offering maintained as a trust account pursuant to the terms of the Escrow Agreement.
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Secured Escrow Account means the account of the Issuer with the Escrow Agent opened pursuant to the Secured Escrow Agency Agreement and secured in the manner described in the Trust Deed.
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Examples of Secured Escrow Account in a sentence

  • The Company shall be entitled to a release to it of all funds in the Secured Escrow Account upon presentation to the Securities Intermediary of the Final Order (with a copy to the Trustee) to the effect that the Contingent Redemption Payment is $0.

  • Amounts on deposit in the Secured Escrow Account shall be held in cash or, at the written direction of the Company, invested (and reinvested from time to time) in U.S. Government Obligations or money market funds investing in U.S. Government Obligations (such investments collectively referred to herein as “Eligible Investments”), which Eligible Investments shall be held in the Secured Escrow Account.

  • Any income, including any interest or capital gains received with respect to the balance from time to time standing to the credit of the Secured Escrow Account, shall remain, or be deposited, in the Secured Escrow Account.

  • Thereafter, the Trustee shall promptly direct the Securities Intermediary to promptly turn over to the Company any remaining funds in the Secured Escrow Account.

  • Prior to the Escrow Release Date, the Escrow Issuer will not issue any Indebtedness other than the Notes, the Senior Secured Notes and the CRC Secured Notes, or own, hold or otherwise have any interest in any assets other than the Escrow Account, the Senior Secured Escrow Account and the CRC Escrow Account, its interest in the Merger Agreement and cash or Cash Equivalents.

  • If the funds in the Secured Escrow Account are insufficient to pay the Contingent Redemption Payment, the Company shall pay to the Paying Agent for further distribution to the Eligible Holders any such amount required to satisfy the Contingent Redemption Payment.