Tax Escrow definition

Tax Escrow shall have the meaning set forth in Section 15.8(b).

Tax Escrow means US$ [***], available to satisfy indemnification amounts owed by the Sellers and Seller Principals to Buyer Indemnified Parties under Section 9.02(d) and 9.02(e) of this Agreement (claims relating to Taxes), including the Known Tax Obligations, subject to adjustment as provided in Section 2.06 hereof.

Tax Escrow has the meaning stated in Section 6.4.

Examples of Tax Escrow in a sentence

• Reserve Upfront RE Tax Reserve Monthly RE Tax Reserve RE Tax Escrow Cash or LOC Counterparty of RE Tax Escrow LOC Upfront Ins.

• If the amount due for Taxes shall increase and Lender reasonably determines that amounts on deposit in the Tax Escrow Account will not be sufficient to pay Taxes due for an annual tax period, Lender shall notify Borrower of such determination and of the increase needed to the Monthly Tax Deposit.

• If amounts on deposit in the Tax Escrow Account collected for an annual tax period exceed the Taxes actually paid during such tax period, Lender shall, in its discretion, return the excess to Borrower or credit the excess against the payments Borrower is to make to the Tax Escrow Account for the next tax period.

• If amounts on deposit in the Tax Escrow Account collected for an annual tax period are insufficient to pay the Taxes actually due during such tax period, Lender shall notify Borrower of the deficiency and, within ten (10) days thereafter, Borrower shall deliver to Lender such deficiency amount.

• Tax Escrow - Contractual Payment ($ or N/A) Servicing Report The tax escrow contractual payment, as listed in the Servicing Report.

More Definitions of Tax Escrow

Tax Escrow. An account maintained by the Borrowers with the Collateral Agent (or its Affiliate) into which the Borrower shall deposit all payments on and proceeds of the Tax Notes and against which the Collateral Agent has, at all times, a first priority, perfected security interest.

Tax Escrow. Established by Borrowers with IBJW, into which deposits of the proceeds of the Tax Notes must be directed and from which the Borrowers shall NOT make any disbursements.

Tax Escrow has the meaning set forth in Section 12.2(g).

Tax Escrow has the meaning set forth in Section 2.2(c)(ii)(B). ----------

Tax Escrow shall have the meaning as set forth in Section 8.2(e).

Tax Escrow means the escrow established pursuant to the Lexmark Sale

Tax Escrow means the escrow containing the Tax Escrow Amount to be used to pay the Taxes shown as due on the Final Company Consolidated Tax Return pursuant to Section 6.1(b)(i)(B).