Common use of Deposit of the Escrow Amount Clause in Contracts

Deposit of the Escrow Amount. Within three Business Days from the Effective Date, the Lender shall deposit with the Escrow Agent and the Escrow Agent shall accept and hold in the Escrow Account the Escrow Amount, to be released in accordance with Article 6 herein below.

Appears in 2 contracts

Sources: Escrow Agreement (Ridgewood Electric Power Trust V), Escrow Agreement (Ridgewood Power Growth Fund /Nj)