Examples of Escrow Accounts in a sentence
All amounts lying to the credit of the Escrow Accounts shall be held for the benefit of the Beneficiaries.
The Company shall cooperate with the Escrow Collection Bank to ensure such closure of the Escrow Accounts, the Public Offer Account and the Refund Account.
Additionally, any amounts deposited by the eligible Anchor Investors in relation to any part of the Offer subsequent to the Anchor Investor Bidding Date and up to (and including) the Pay-in Date in relation to Anchor Investors and in the event that there are any underwriting obligations, such amount shall also be deposited into and credited to the appropriate Escrow Accounts prior to finalisation of the Basis of Allotment or such other time as may be agreed among the parties to the Underwriting Agreement.
Such termination shall be effected by a prior notice of not less than three weeks in writing, and the erstwhile Escrow Collection Bank; or any Public Offer Account Bank or Refund Bank shall transfer of the amounts standing to the credit of the Escrow Accounts, Public Offer Account or Refund Account to the substituted escrow collection bank, the public offer account banks and/or refund bank.
The Servicer will pay (or cause the applicable Subservicer to pay) to the Borrowers interest on funds in Escrow Accounts to the extent required by Law or the applicable Asset Documents.