Deposits into the Escrow Account definition

Deposits into the Escrow Account. All Subscribers' checks will be made payable to "NORTH FORK BANK, as escrow agent for IPORUSSIA." The checks received from prospective purchasers of the Subscriptions may be delivered to an Account Representative at the Branch for deposit into the Escrow Account. The Escrow Agent is not obligated to, but may refuse to accept deposits not accompanied by a Subscription containing the name, address and taxpayer identification number of each prospective purchaser and the Purchase Price of the Subscriptions subscribed for by such purchaser.
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Deposits into the Escrow Account. All Subscribers' checks are to be made payable to "NORTH FORK BANK, as escrow agent for IPORUSSIA." The checks received from Subscribers whose Subscriptions have been accepted shall be delivered, as contemplated by section 5 below, to an account representative at the Branch for deposit into the Escrow Account. Upon receipt of such checks, the Escrow Agent shall deposit them in the Escrow Account for collection as provided in section 5. The Escrow Agent is not obligated, and may refuse, to accept checks not accompanied by a Subscription (or photocopy of a Subscription) containing the name, address and taxpayer identification number of each Subscriber and the Purchase Price of the Shares subscribed for by such Subscriber.
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Examples of Deposits into the Escrow Account in a sentence

  • Commencing on June 1, 1990, and on the first day of each month thereafter during the term of this Note, the Borrower shall make deposits ("Escrow Deposits") into the Escrow Account in an amount equal to one-twelfth (1/12) of the estimated annual real estate tax liability of the Borrower for the current twelve-month period in which such taxes are due.

  • Deposits into the Escrow Account are insured, subject to the applicable rules and regulations of the Federal Deposit Insurance Corporation (the “FDIC”), in the standard FDIC insurance amount of $250,000, including principal and accrued interest, and are not secured.

  • We note your references in the Escrow Agreement, filed as Exhibit 1A-8, in Section 3 Deposits into the Escrow Account to depositing virtual currencies .

  • The Investor(s) will instruct subscribers to wire funds to the account of the Escrow Agent as follows: Bank: Wachovia, N.A. of New Jersey Routing #: 031201467 Account #: __________________ Name on Account: David Gonzalez Attorney Trust Acxxxxx Xxxx xx Sub-Account: Nexicon, Inc./Cornell Capital Partners, LP Escrow Account Deposits into the Escrow Account.

  • Deposits into the Escrow Account are insured, subject to the applicable rules and regulations of the FDIC, in the standard FDIC insurance amount of $250,000, including principal and accrued interest, and are not secured.

  • The Company shall deliver physical share certificate of the Company's Common Stock to the Investor's Counsel for deposit into the Investor's Counsels account as follows: Brokerage Firm: Investec Ernst & Co. Account #: 400-07595 Name on Account: Xxxxxx Xxxxxxxx LLP Escrow Account Deposits into the Escrow Account.

Related to Deposits into the Escrow Account

  • Escrow Accounts means a SEK bank account and/or EUR bank account and/or a NOK bank account opened by the Arranger with a reputable bank on which the proceeds from the Bond Issue will be held until the Conditions Precedent for Disbursement have been fulfilled.

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

  • 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.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

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

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,653,198.45.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Initial Reserve Account Deposit means $3,000,000.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Escrow means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Collection Accounts As defined in Section 3.10(a).

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Escrowed Proceeds means the proceeds from the offering of any debt securities or other Indebtedness paid into an escrow account with an independent escrow agent on the date of the applicable offering or Incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow account upon satisfaction of certain conditions or the occurrence of certain events. The term “Escrowed Proceeds” shall include any interest earned on the amounts held in escrow.