Escrow definition

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.

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Escrow means an escrow, trust, collateral or similar account or arrangement holding proceeds of Indebtedness solely for the benefit of an unaffiliated third party.

Escrow has the meaning provided in the definition of “Indebtedness.”

Examples of Escrow in a sentence

• Such funds will be held for the Purchaser’s benefit in the escrow account established for the Offering (the “Escrow Account”), without interest or offset as set forth in the Escrow Agreement.

• In the event the Company fails to obtain Stockholder Approval as contemplated by the terms hereof by February 28, 2026, each Purchaser shall be refunded all pre-paid aggregate amounts for the Additional Shares and Additional Warrants paid by such Purchaser as promptly as practicable following the Company’s failure to obtain such Stockholder Approval in accordance with the terms of the Escrow Agreement, but in any event no later than three (3) Trading Days thereafter.

• Promptly after the issuance of the Rights on book entry, Subscription Agent shall deliver a statement along with instructions (including wire instructions for payment to be sent to Escrow Agent), offering documents and the required forms for the holder to exercise the Rights.

• The Company shall have duly executed and delivered to the Placement Agent on behalf of the Purchaser the Registration Rights Agreement and the Escrow Agreement.

• Buyer, the Company, the Escrow Agent and any other applicable withholding agent (each, a “Withholding Agent”) shall be entitled to deduct and withhold from any amounts otherwise payable pursuant to this Agreement, such amounts as the Withholding Agent is required to deduct and withhold with respect thereto under the Code or any other provision of applicable Tax Law.

More Definitions of Escrow

Escrow means an escrow established with an independent escrow agent pursuant to an escrow agreement reasonably satisfactory in form and substance to the Person or Persons asserting the obligation of one or more Borrowers to make a payment to it or them hereunder.

Escrow means the escrow established pursuant to the Escrow Agreement.

Escrow means a legal document (such as Source Code) delivered by Contractor to a third party escrow agent (“Escrow Agent”), and held by Escrow Agent until Procuring Agency Accepts one or more the Deliverables; in the event Contractor Defaults this Agreement, Procuring Agency will receive the legal document, e.g., Source Code, from Escrow Agent.

Escrow has the meaning set forth in Section 3.1 hereof.

Escrow has the meaning set forth in Section 5.4(e).

Escrow shall have the meaning given thereto in Section 4 hereof.

Escrow means written instruments, money or other items deposited by one party with a settlement