Cash Escrow means an agreement by two parties to place money into the custody of a third party for delivery to a grantee only after the fulfillment of the conditions specified.
Cash Escrow means an escrow account established by Buyer in a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof, whose long-term senior unsecured debt is rated at least “A” by S&P or “A2” by Xxxxx’x. Cash deposited to the escrow account shall earn interest at the rate applicable to money market deposits at the banking institution from time to time, and the interest shall be retained in the escrow account as additional security for Seller’s performance under this Agreement.
Cash Escrow means an escrow account established by Buyer in a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof, whose long-term senior unsecured debt is rated at least “A” by S&P and “A2” by Xxxxx’x, and with assets (net of reserves) of at least $10,000,000,000. Cash deposited to the escrow account shall earn interest at the rate applicable to money market deposits at the banking institution from time to time, and the interest shall be retained in the escrow account as additional security for Seller’s performance under this Agreement.
Examples of Cash Escrow in a sentence
With respect to any Cash Escrow established pursuant to this Section 7 as Credit Support, Seller hereby grants Buyer a security interest in the escrow account and all moneys and other amounts in the account to secure payment and performance of Seller’s obligations under this Agreement.
Whenever an Employer is delinquent, the oversight committee identified in Section 24.2 may require such Employer to post a larger Letter of Credit, Cash Escrow, Bond or combination thereof.
More Definitions of Cash Escrow
Cash Escrow has the meaning set forth in Section 9.3.3(f). -----------
Cash Escrow means an escrow account established by Developer in a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof, whose long-term senior unsecured debt is rated at least “A” by S&P and “A2” by Moody’s, and with assets (net of reserves) of at least $10,000,000,000. Cash deposited to the escrow account shall earn interest at the rate applicable to money market deposits at the banking institution from time to time, and the interest shall be retained in the escrow account as additional security for Developer’s performance under this Agreement.
Cash Escrow means $4,000,000.
Cash Escrow has the meaning set forth in Section 1.2.
Cash Escrow means the steps taken to ensure that the Cash Escrow Amount is credited to the Cash Escrow Account by the times and in the amounts required by this Agreement.
Cash Escrow means the applicant shall file a fully executed Escrow Agreement and post required cash escrow funds with the City for each and every application based on an estimate by the city as stated in the current adopted fee schedule. The escrow will be deposited and retained for one (1) year following completion, as determined by the city, of the work to guarantee proper backfilling and proper maintenance and/or reconstruction of the work. Cash Escrow will be refunded upon satisfactory completion, inspections, and approval of the work performed under the permit and as determined by the City.
Cash Escrow means an escrow account established by PacifiCorp in a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof, whose long-term senior unsecured debt is rated at least ”A” by S&P or ”A2” by Moody’s. Cash deposited to the escrow account shall earn interest at the rate applicable to money market deposits at the banking institution from time to time, and the interest shall be retained in the escrow account as additional security for Seller’s performance under this Agreement. With respect to any escrow account established pursuant to Section 8, Seller hereby grants PacifiCorp a security interest in the escrow account and all moneys and other amounts in the account to secure payment and performance of Seller’s obligations under this Agreement. PacifiCorp shall have all rights of a secured party under Article 9 of the Uniform Commercial Code and applicable law with respect to the escrow account and all moneys and other amounts in the escrow account. The escrow agreement shall be in a form acceptable to PacifiCorp in its good faith discretion and shall contain the following language: “Escrow Agent acknowledges that Seller has granted PacifiCorp a security interest in the amounts held by Escrow Agent in the [describe escrow accounts and all moneys and other amounts in the account] (collectively, the “Collateral”). Escrow Agent acknowledges that it (a) has received and holds possession of the Collateral for the benefit of PacifiCorp and not as the agent of or on behalf of Seller and (b) shall continue to hold possession of the Collateral for PacifiCorp’s benefit until Escrow Agent receives notice in an authenticated record from PacifiCorp that PacifiCorp’s security interest in the Collateral has been terminated. Escrow Agent acknowledges that it has no rights in and to the Collateral other than its right to receive payment of its fees and expenses pursuant to the Escrow Agreement.”