Settlement Escrow Account definition

Settlement Escrow Account means the escrow account established pursuant to the Memorandum of Understanding to hold the Settlement Amount together with interest thereon.

Settlement Escrow Account means the interest-bearing account selected by the

Settlement Escrow Account means the Account managed by the Escrow Agent for the benefit of the Class Representatives and the Settlement Class until the Date of Finality.

Examples of Settlement Escrow Account in a sentence

• The Settlement Escrow shall initially be comprised of three subaccounts (the “Accounts”), to be used solely for such purposes as are set forth in Section I above: (1) the Settlement Escrow Account, (2) Lien Holdback Account, and (3) the Administration Account.

• Defendant must deposit $7,550,000 into the Settlement Escrow Account within 10 business days of the effective date, as defined in the Settlement Agreement, to be used to (1) pay awards of attorney’s fees and expenses to be determined, (2) pay service awards to certain Settling Plaintiffs to be determined, and (3) to establish and for initial operating expenses of the Licensing Agency.

• The Settlement Escrow Account is to be established to resolve or satisfy one or more claims that have resulted or may result from an event that has occurred and that has given rise to at least one claim asserting liabilities.

• If such a relation-back election is made, the assets held in the Settlement Escrow Account on such date shall be treated as having been transferred to the Settlement Escrow Account on that date.

• The Court shall retain continuing jurisdiction over the Settlement Escrow Account, pursuant to Section 1.468B-1(c)(1) of the Treasury Regulations.

More Definitions of Settlement Escrow Account

Settlement Escrow Account means an Escrow Account maintained in accordance with the Settlement Account Escrow Agreement which shall have no amounts on deposit therein other than with respect to the proceeds of the Tranche B-1 Term Loans required to be deposited therein pursuant to Section 3.1(x) and which proceeds shall be available solely to fund a portion of the Custodial Trusts on the Exit Facility Conversion Date.

Settlement Escrow Account means an interest-bearing escrow account selected by Co-Lead Class Counsel and Counsel for NIBCO, which shall be treated at all times as a “Qualified Settlement Fund” for federal income tax purposes pursuant to Internal Revenue Code (“Code”) Section 468B and the Regulations issued thereto.

Settlement Escrow Account means the escrow account of Escrow Agent into which the Estimated Unsettled Municipal Bond Purchase Price shall be deposited by Buyer at Closing.

Settlement Escrow Account means the interest-bearing account established by the Settlement Escrow Agents (as defined below) pursuant to Court order and subject to Court oversight for the deposit of the Settlement Fund (as defined below).

Settlement Escrow Account means an account maintained at City National Bank wherein the Settlement Fund shall be deposited and held in escrow under the control of Lead Counsel.

Settlement Escrow Account means the interest-bearing account selected by the Escrow Agent for depositing the Settlement Amount less Notice and Administration Expenses.

Settlement Escrow Account means the account described in