Warranty Escrow Agent definition

Warranty Escrow Agent means DnB NOR.
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Warranty Escrow Agent means the Escrow Agent acting under the Warranty Escrow Agreement.
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Warranty Escrow Agent means KBC Bank
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Examples of Warranty Escrow Agent in a sentence

  • The Warranty Escrow Agent may conclusively rely and shall be protected in relying or refraining from acting on any instrument reasonably believed to be genuine and to have been signed or presented by the proper party or parties.

  • They emphasized the need to ensure the effective involvement of specialized agencies and for agency mandates to remain responsive to national priorities and needs.

  • The Warranty Escrow Agent shall upon appointment of such successor escrow agent be discharged from any further duties and liability under this Warranty Escrow Agreement.

  • If Warranty Escrow Agent does not receive written notice of Seller's objections to the Estimated Loss within ten (10) days of Warranty Escrow Agent's receipt of Buyer's Notice, Warranty Escrow Agent shall pay to Buyer from the Warranty Reserve a sum equal to the Estimated Loss.

  • The Warranty Escrow Amount standing on the Warranty Escrow Account shall be held and distributed by the Warranty Escrow Agent in accordance with this Warranty Escrow Agreement.

  • If the Shareholder Agent does not timely deliver a Notice of Dispute (or such Notice of Dispute does not reasonably describe the basis of the objection), the Shareholder Agent shall be deemed to have irrevocably approved and consented to the payment of all Losses specified in the Officer’s Certificate (including any anticipated Losses, which will be deemed irrevocably by Shareholder Agent approved and shall be paid by the Warranty Escrow Agent or otherwise paid promptly upon their actual incurrence).

  • The Warranty Escrow Agent shall be entitled to rely on and act in accordance with any such memorandum and promptly shall distribute to Parent the specified amounts from the Warranty Escrow Fund (to the extent paid therefrom) to the extent consistent with the terms thereof.

  • Though a non-compete agreement will be signed while offering the services of T.I.P.S., the option of a full service management contract and/or a partnership arrangement with W.T.T. is well within the realm of possibilities to discuss.

  • Parent may not receive any amounts from the Warranty Escrow Fund unless and until Parent delivers an Officer’s Certificate (as defined in subparagraph (e) below) to the Warranty Escrow Agent identifying the nature and amount of Losses being asserted, as described in subparagraph (e) below.

  • The Warranty Escrow Agent shall not be liable for any act done or omitted hereunder as Warranty Escrow Agent while acting in good faith and in the absence of gross negligence or wilful misconduct.


More Definitions of Warranty Escrow Agent

Warranty Escrow Agent means the Purchaser's Solicitors
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Related to Warranty Escrow Agent

  • The Escrow Agent s responsibilities as escrow agent hereunder shall terminate if the Escrow Agent shall resign by written notice to the Company and the Purchaser. In the event of any such resignation, the Purchaser and the Company shall appoint a successor Escrow Agent.

  • Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

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

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • 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.

  • Indemnity Escrow Amount means $5,000,000.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrow Property has the meaning set forth in the Escrow Agreement.

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

  • 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.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

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

  • Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

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

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

  • Adjustment Escrow Amount means $1,000,000.

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Professional Fee Escrow means an escrow account established and funded pursuant to section 2.6 of the Plan.