Special Escrow Fund definition

Special Escrow Fund means the sum of Two Million dollars ($2,000,000), which shall be maintained by the Escrow Agent to pay unresolved Common Stock Ownership Claims as provided in Section 7.4 hereof.

Special Escrow Fund means the escrow fund established pursuant to the Indemnification Escrow Agreement with respect to Special Indemnity Matters.

Special Escrow Fund means the Special Escrow Amount, as deposited with and maintained by the Escrow Agent, as such amount may be increased by any interest earned while deposited with the Escrow Agent, and reduced due to disbursements, from time to time, in accordance with the terms of this Agreement and the Escrow Agreement.

Examples of Special Escrow Fund in a sentence

• Refunding Bonds of 2010 Escrow – accounts for monies held in an escrow fund in accordance with the Special Escrow Fund Agreement of the General Obligation Limited Tax Taxable Refunding Bonds of 2010.

• Special Escrow Fund was misclassified as Other Governmental Funds.

• There came on for the Board’s consideration, to approve an Interfund Transfer from Special Escrow Fund (#002) to 2011 Refunding 2001 GO Road Bond Fund #180 in the amount of $20,000.00, and on motion from Member Montgomery, seconded by Member Howard, the Board unanimously approved the same.

• This error resulted in a prior period adjustment of $125,753 to reclassify the fund balance of Special Escrow Fund to General Fund.

• The Special Escrow Fund shall be held as a trust fund and shall not be subject to any Lien, attachment, trustee process or any other judicial process of any creditor of any party, and shall be held and disbursed solely for the purposes and in accordance with the terms of the Escrow Agreement.

More Definitions of Special Escrow Fund

Special Escrow Fund shall have the meaning ascribed to it in Section 7.2(b).

Special Escrow Fund means, at the time of measurement, the Special Escrow Amount reduced by all amounts previously distributed or paid from the Special Escrow Fund by the Escrow Agent in accordance with the Escrow Agreement together with any investment proceeds thereon.

Special Escrow Fund means an account in which the Special Escrow Amount will be deposited in four sub-accounts, consisting of separate sub-accounts of $[**] for Special Escrow Tax Losses, $[**] for any Damages in connection with the deductibility of the Bonus Agreement Payment (the “Tax Deductibility Escrow Account”), $[**] for Unsatisfied Current Income Taxes and unsatisfied Current Blocker Tax Liabilities, and $[**] for [**] Investigation Losses, to be held in trust with the Escrow Agent in accordance with this Agreement and the Escrow Agreement.

Special Escrow Fund means an account in which the Special Escrow Amount will be deposited in three sub-accounts, consisting of separate sub-accounts of $[**]6 for Special Escrow Tax Losses, $[**]6 for Unsatisfied Current Income Taxes and unsatisfied Current Blocker Tax Liabilities, and $[**]6 for [**]6 Investigation Losses, to be held in trust with the Escrow Agent in accordance with this Agreement and the Escrow Agreement.

Special Escrow Fund means the Special Escrow Amount deposited into an escrow account pursuant to this Agreement and the Escrow Agreement.

Special Escrow Fund has the meaning set forth in Section 2.2.3.

Special Escrow Fund means the escrow fund maintained by the escrow agent for the purposes of satisfying claims brought pursuant to Section 10.2(b) of the Agreement for the period of time and in accordance with the terms set forth in the Agreement and the Escrow Agreement. Special Escrow Release Date. “Special Escrow Release Date” shall mean the date on which all claims against the Special Escrow Account have been resolved in accordance with the Escrow Agreement. Subsidiary. An entity shall be deemed to be a “Subsidiary” of another Person if such Person directly or indirectly owns, beneficially or of record, (a) an amount of voting securities of other interests in such Entity that is sufficient to enable such Person to elect at least a majority of the members of such Entity’s board of directors or other governing body or (b) at least 50% of the outstanding equity or financial interests or such Entity. Tax. “Tax” shall mean any tax (including any income tax, franchise tax, capital gains tax, gross receipts tax, value-added tax, surtax, excise tax, ad valorem tax, transfer tax, stamp tax, sales tax, use tax, property tax, business tax, withholding tax or payroll tax), levy, assessment, tariff, duty (including any customs duty), deficiency or fee, and any related charge or amount (including any fine, penalty or interest), imposed, assessed or collected by or under the authority of any Governmental Body. A-5.