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

• Escrow Agent is acting solely as a stakeholder and depository, and is not responsible or liable in any manner whatsoever for the sufficiency, correctness, genuineness, or validity of the subject matter of the escrow, or for the identity or authority of any person executing or depositing it.

• Escrow Agent may dispose of the ▇▇▇▇▇▇▇ Deposit in accordance with a court order, and shall be fully protected if it acts in accordance with any such court order.

• At the Closing, the Company shall, and shall cause the escrow agent under the Escrow Agreement to, deliver to Seller all such documents, share certificate and/or shareholder statement reasonably satisfactory to Seller evidencing such deposit of the TRX Exchange Shares.

• This Agreement shall serve as escrow instructions and shall be subject to the usual conditions of acceptance of the Escrow Agent, insofar as the same are not inconsistent with any of the terms hereof.

• At the Closing, proceeds of the E▇▇▇▇▇▇ Money shall be paid by Escrow Agent to Seller.

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 means the escrow account maintained by the Escrow Agent in accordance with the terms of the Escrow Agreement;

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