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.
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
The Escrow Agreement shall be substantially in the form of Exhibit C, attached hereto, or as otherwise agreed by the Representative.
At the time of the Closing, the Purchaser shall have delivered its Purchase Price to the Escrow Agent (as defined below) pursuant to the terms of the escrow agreement, dated September 17, 2025, by and among the Purchaser, the Company, and Law Offices of Jiali Pan & Associates, PLLC (the “Escrow Agent”).
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