Escrow Reserve definition

Escrow Reserve means the amount of Eligible Accounts withheld by Lender on which disbursements of the Loan are based equal to one (1) minus the Advance Rate multiplied by the face amount of the Eligible Accounts.

Escrow Reserve means, together, the PWC Escrow Reserve and the Tax and Insurance Escrow Reserve.

Escrow Reserve means the value of any cash and other assets standing to the credit of the Escrow Account at any time such value calculations being subject to the provisions of clause 14.4;

Examples of Escrow Reserve in a sentence

• The Company shall promptly provide Indemnitee with a true and complete copy of the agreement relating to the establishment and operation of the Escrow Reserve, together with such additional documentation or information with respect to the escrow as Indemnitee may from time to time reasonably request.

• The Company shall promptly deliver an executed copy of the Agreement to the escrow agent for the Escrow Reserve to evidence to that agent that Indemnitee is a beneficiary of that Escrow Reserve and shall deliver to Indemnitee the escrow agent’s signed receipt evidencing that delivery.

• The Company shall promptly following establishment of the Escrow Reserve provide Indemnitee with a true and complete copy of the agreement relating to the establishment and operation of the Escrow Reserve, together with such additional documentation or information with respect to the Escrow Reserve as Indemnitee may from time to time reasonably request.

• The Company shall promptly following establishment of the Escrow Reserve deliver an executed copy of this Agreement to the escrow agent for the Escrow Reserve to evidence to that agent that Indemnitee is a beneficiary of that Escrow Reserve and shall deliver to Indemnitee the escrow agent's signed receipt evidencing that delivery.

• The Company shall promptly deliver an executed copy of this Agreement to the Escrow Reserve agent to evidence to the agent that Indemnitee is a beneficiary of the Escrow Reserve and shall deliver to Indemnitee the escrow agent's signed receipt evidencing that delivery.

More Definitions of Escrow Reserve

Escrow Reserve means a reserve in an amount that the Company determines from time to time to be appropriate, but in no event shall the amount be less than Five Million Dollars ($5,000,000) in the aggregate, which is established by depositing assets or bank letters of credit in escrow or reserving lines of credit that may be drawn down by an escrow agent.

Escrow Reserve shall have the meaning ascribed to it in Section 2.6.

Escrow Reserve has the meaning set forth in Section 10.05(a).

Escrow Reserve means an amount equal to six million four hundred thousand dollars ($6,400,000).

Escrow Reserve means the escrow required by Section 4.2 established at U.S. Bank, Attention: Xxxxxxxxx X. Xxxxx, Personnel Trust Department, 000 Xxxxxx Xxxxxx, Xxx Xxxxxx, Xxxx 00000; Telephone: (000) 000-0000; Facsimile: (000) 000-0000.

Escrow Reserve has the meaning set forth in Section 2.5 below.

Escrow Reserve means an amount equal to ten million dollars ($10,000,000).