Escrow Monies definition

Escrow Monies the amount specified in clause 2.3;
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Escrow Monies the meaning in Clause 2.3; Final Step Transaction Costs: all transfer taxes, stamp or registration duties, registration or notarial fees payable on the transfer of or agreement to transfer FB Assets or shares in a Transferred Subsidiary to FB or an Affiliate of FB;
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Escrow Monies means individually and collectively, as applicable, (i) the amount deposited in the Escrow Account pursuant to Section 2.1, (ii) any additional amounts deposited in the Escrow Account pursuant to Section 2.2 and (iii) an L/C Drawdown, together in each case with any interest accrued thereon.
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Examples of Escrow Monies in a sentence

  • In the case of resignation by the Escrow Agent, the Escrow Agent (acting through the Account Bank) shall deliver the Escrow Monies to any party jointly notified to it in writing by Party A and Party B.

  • If the Company fails to appoint a substitute escrow agent as required above, the Escrow Agent shall deliver all Escrow Monies and other assets held in the Escrow Account to a substitute escrow agent of either its choosing or as appointed by a court upon application therefor.

  • If the transactions contemplated by this Agreement fail to close because of a failure to complete the Financing, then all of the Escrow Monies then held by Dibb Luptop Xxxxx will be immediately released to the Lender upon the written instruction of the Lender and Priveco will be liable to repay each Note less any amounts already paid as Professional Fees (the Notes will be amended to reduce the amount due by all amounts paid as Professional Fees).

  • The Oxford Escrow Monies shall be available for the purpose of satisfying indemnity obligations under Section 12.1(b) and any other obligations of Oxford and the Nominee Company under this Agreement.

  • The Buyer shall procure that the Buyer’s Solicitors transfers the Oxford Escrow Monies together with interest (actually accrued thereon from the date of Closing to the date of transfer) to the Deposit Account as soon as reasonably practicable after receipt of the details of the Deposit Account.

  • In particular, but without limiting the generality of the foregoing, the Escrow Agent shall not be liable to the Company, the Trustee, or the Collateral Agent for any failure to maximise the amount of interest or other amounts earned on all or part of the Escrow Monies.

  • We hereby irrevocably instruct you to effect payment out of the Escrow Account pursuant to the Escrow Agreement to the following person(s) as detailed below:- Name(s) of Payee(s) Amount(s) to be paid Details of bank account(s) into which the amount(s) to be paid (if applicable) Intrepid Capital LLC USD600,000 (United States Dollars Six Hundred Thousand) Intrepid Capital LLC will provide written instruction to Escrow Agent for remitting the Escrow Monies released by the Escrow Agent.

  • The Escrow Agent shall stand possessed of such Escrow Monies upon the terms set forth in this Agreement.

  • For the avoidance of doubt interest on the Oxford Escrow Monies shall be payable to Oxford on such date as the Deposit Account is closed.

  • At the Closing, Buyer and the Shareholder Representative (as defined below) and Silicon Valley Bank (the “Escrow Agent”) shall execute and deliver the InfoBasis Escrow Agreement, and Buyer shall deposit the InfoBasis Escrow Monies with the Escrow Agent.


More Definitions of Escrow Monies

Escrow Monies means the sum paid by CR to the Escrow Account in accordance with Section 4.1 of this Escrow Agreement;
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Escrow Monies means the monies held in the Escrow Fund from time to time in accordance with the terms of this Agreement and the Escrow Agreement.
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Escrow Monies has the meaning set forth in Section 1 of the Hedging Monies Escrow Agreement.
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Related to Escrow Monies

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

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

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Agent has the meaning set forth in Section 2.3.

  • Escrow Property has the meaning set forth in the Escrow Agreement.

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

  • Escrow Agreement means the escrow agreement entered into prior to the date hereof, by and among the Company, the Escrow Agent and the Placement Agent pursuant to which the Purchasers shall deposit Subscription Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder.

  • 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 Cash is defined in Section 4.1(a).

  • 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.

  • Escrow Deposit Agreement means the agreement provided for in Section 4.02(a) of this Resolution.

  • Escrow Bank has the meaning specified in Section 2.15(c).

  • Escrow Agreements means one or more of the agreements between the Company, the Partnership and one or more of the Performance Investors, dated as of the closing of the date of the initial public offering of the common stock of the General Partner, pursuant to which the Performance Investors have deposited their Performance Shares in escrow for possible transfer to the General Partner or the Partnership (as applicable).

  • The Escrow Agent s responsibilities as escrow agent hereunder shall terminate if the Escrow Agent shall resign by written notice to the Company and the Purchaser. In the event of any such resignation, the Purchaser and the Company shall appoint a successor Escrow Agent.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Escrowed Shares has the meaning set forth in Section 2.4.

  • Escrow Obligations means (a) Government Obligations, (b) certificates of deposit issued by a bank or trust company which are (1) fully insured by the Federal Deposit Insurance Corporation or similar corporation chartered by the United States or (2) secured by a pledge of any Government Obligations having an aggregate market value, exclusive of accrued interest, equal at least to the principal amount of the certificates so secured, which security is held in a custody account by a custodian satisfactory to the Registrar or the Registrar, as the case may be, or (c)(1) evidences of a direct ownership in future interest or principal on Government Obligations, which Government Obligations are held in a custody account by a custodian satisfactory to the Registrar pursuant to the terms of a custody agreement in form and substance acceptable to the Registrar and (2) obligations issued by any state of the United States or any political subdivision, public instrumentality or public authority of any state, which obligations are fully secured by and payable solely from Government Obligations, which Government Obligations are held pursuant to an agreement in form and substance acceptable to the Registrar and, in any such case, maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient money to make the payment secured thereby.

  • Escrow Items means those items that are described in Section 3.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • 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.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.