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.
Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.
Deposit Escrow Agreement has the meaning set forth in Section 2.2.
Escrow Deposit has the meaning set forth in Section 3.3.
Indemnity Escrow Account has the meaning set forth in Section 2.3(c).
Escrow Bank has the meaning specified in Section 2.15(c).
Indemnity Escrow Agreement has the meaning set forth in Section 1.5.
Escrow Property has the meaning set forth in the Escrow Agreement.
Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.
Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.
Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.
Indemnity Escrow Amount means $5,000,000.
Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.
Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.
Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.
Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC
Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).
Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).
Escrow Fund means the escrow fund established pursuant to 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 Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.
Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.
Professional Fee Escrow means an escrow account established and funded pursuant to section 2.6 of the Plan.
Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.
Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).
Escrow Cash is defined in Section 4.1(a).