Distributions from Escrow Clause Samples

Distributions from Escrow. The Escrow Agent shall distribute funds held in Escrow as follows: (a) During both the Initial Offering Period, the General Partner shall promptly notify in writing the Escrow Agent of the rejection or proper revocation of any Subscriber's Subscription Agreement. Upon receipt of such notice, the Escrow Agent shall promptly return to the Subscriber his Subscription Payment and any interest earned thereon. (b) The General Partner shall notify in writing the Escrow Agent when Subscription Agreements for at least 1,000 Units have been accepted (the "Initial Closing Date"). Upon receipt of such notice, the Escrow Agent shall promptly pay and deliver to the Fund the Subscription Payments with respect to such accepted Subscription Agreements, and pay any interest earned thereon to the Subscribers. (c) If the Escrow Agent has not received written notice of the Initial Closing Date by the close of business on December 31, 2002 (unless extended by amendment of this Agreement), the Escrow Agent shall promptly return to the Subscribers whose Subscription Payments are then being held in the Escrow the amount of their Subscription Payments, together with any interest earned thereon. (d) Upon written notice and instructions from the General Partner that the offering of Units has been terminated, the Escrow Agent shall promptly refund to each subscriber his Subscription Proceeds held in Escrow together with any interest income earned thereon during the period that the Escrow Agent held such Subscription Proceeds. Payment of any interest earned on the funds invested in the Escrow may be subject to backup withholding penalties unless a properly completed IRS Form W8 or W9 certification is submitted to the Escrow Agent. (e) If the Escrow Agent has not received written notice from the General Partner concerning the distribution of Subscription Proceeds held in Escrow as provided above, the Escrow Agent may request instructions from the General Partner by registered mail or overnight courier, return receipt requested, sent to the address of the Fund set forth on the signature page or to such other address as the General Partner may advise the Escrow Agent in writing. If the General Partner does not deliver written instructions to the Escrow Agent within ten (10) business days after the date that the Escrow Agent delivers such request, the Escrow Agent may return all Subscription Proceeds held in Escrow, together with any interest income earned thereon, to the Subscribers.
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Distributions from Escrow. Distributions shall be made from the escrow by the Escrow Agent in accordance with the Escrow Agreement. The Escrow Agreement shall provide for distributions as follows:
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Distributions from Escrow. The Escrow Agent shall not make any distribution from the Escrow Account unless (a) such distribution is in accordance with one of the following three paragraphs or (b) the Escrow Agent is instructed to do so pursuant to (i) a Decision Maker's Ruling Notice executed by the arbitrator appointed pursuant to the Agreement, (ii) the order of a court of competent jurisdiction or (iii) a joint written instruction of AD and TM. Subject to the conditions set forth below, on each of July 19, 2002, October 19, 2002, January 19, 2003 and April 30, 2003, the Escrow Agent will release from the Escrow Account to TM $***** (each such payment, an "Installment"). The manner of distribution of each Installment will be determined by written instructions from TM that need not be confirmed by AD; provided, however, that if AD shall deliver to the Escrow Agent a notice alleging that TM is in breach of that certain Agreement entered into as of the 19th day of July, 2000, by and between TM and AD, as amended by Amendment No. 1 thereto dated as of the 27th of February, 2002 (the "Agreement"), then the Escrow Agent shall not release any further funds from the Escrow Account until it is instructed to do so pursuant to (a) a Decision Maker's Ruling Notice executed by the arbitrator appointed pursuant to the Agreement, (b) the order of a court of competent jurisdiction or (c) a joint written instruction of AD and TM. In the event that TM shall deliver a notice to the Escrow Agent alleging that AD has terminated the Agreement prior to the end of the term thereof for reasons other than a material breach by TM and instructing the Escrow Agent to release the unreleased Installments to TM, the Escrow Agent shall forward a copy of said notice to AD and shall release the unreleased Installments to TM on the date (the "Release Date") five business (5) days following the date the Escrow Agent furnishes a copy of said notice to AD unless, prior to the Release Date, AD furnishes to the Escrow Agent a written notice attesting that AD has not terminated the Agreement prior to the end of the term thereof for reasons other than a material breach by TM, in which case the escrow agent shall not release any further funds from the Escrow Account, unless and until it is instructed to do so pursuant to (a) a Decision Maker's Ruling Notice executed by the arbitrator appointed pursuant to the Agreement, (b) the order of a court of competent jurisdiction or (c) a joint written instruction of AD and TM. Concu...
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Distributions from Escrow. (a) In the event that, following Closing, any Buyer Indemnitee incurs Damages for which it believes it is entitled to indemnification from the Equity Holders in accordance with this Article VIII, then Parent’s and the Equity Holders’ respective rights and obligations with respect to any such Claim shall be governed by the Escrow Agreement; (b) On such date as is the 12-month anniversary of the Closing Date, all amounts held in escrow, less any portion of such amounts subject to any outstanding unresolved Claim Notice delivered on or prior to such date, shall be disbursed to the Paying Agent in accordance with the terms of the Escrow Agreement. Parent and the Stockholders’ Representative shall send a joint disbursement notice to Escrow Agent pursuant to the terms of the Escrow Agreement instructing Escrow Agent to disburse to the Paying Agent the Escrow Amount to which Parent and the Equity Holders are entitled. Upon receipt of such funds, the Paying Agent shall promptly distribute to each Equity Holder its Proportionate Share thereof.
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Distributions from Escrow. The following principals shall apply for determining the relative amount of Escrowed Cash and Escrowed Shares to be distributed from the Escrow Fund to satisfy an indemnification claim (other than with respect to distributions of Restricted Escrow Consideration in connection with a Restricted Stock Claim), (i) each Effective Time Stockholder with Escrowed Cash and/or Escrowed Shares remaining in the Escrow Fund (each a “Contributing Effective Time Stockholder”) shall contribute to the distribution on a pro rata basis based upon the amount of Escrowed Cash and Escrowed Shares of such Contributing Effective Time Stockholder in the Escrow Fund at the time of distribution as compared to the full amount of Escrowed Cash and Escrowed Shares held in the Escrow Fund at the time of distribution, (ii) each contributing Effective Time Stockholder shall contribute to such distribution first from the Escrowed Cash of such Contributing Effective Time Stockholder held in the Escrow Fund at the time of such distribution, and then, to the extent that such Contributing Effective Time Stockholder’s Escrowed Cash has been exhausted, from the Contributing Effective Time Stockholder’s Escrowed Shares held in the Escrow Fund at the time of the distribution and (iii) all Escrowed Shares shall be valued at the Trading Price. Any Escrowed Shares distributed to Parent shall be canceled and terminated without any further right of the Effective Time Stockholders in whose name the Escrowed Share was issued to receive such share.
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Distributions from Escrow 
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Related to Distributions from Escrow

  • Distributions from the Certificate Account (a) On each Distribution Date the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Total Distribution Amount (to the extent such amount is on deposit in the Certificate Account) and shall allocate such amount to the interests issued in respect of each REMIC created pursuant to this Agreement and shall distribute such amount as specified in this Section. All allocations and distributions made among and with respect to Pool 1, Pool 2, Pool 3 and Pool 4 in this Section shall be made concurrently. (b) On each Distribution Date, the Trustee shall distribute the Interest Remittance Amount for Pool 1 for such date in the following order of priority: (i) pro rata, to each Class of Group 1 Senior Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; provided, however, that any shortfall in Current Interest shall be allocated among such Classes in proportion to the amount of Current Interest that would otherwise be distributable thereon; (ii) pro rata, to each Class of Group 2, Group 3 and Group 4 Senior Certificates, Current Interest (taking into account distributions pursuant to subsections 5.02(c)(i), 5.02(d)(i) and 5.02(e)(i) below, as applicable) for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; provided, however, that any shortfall in Current Interest shall be allocated among such Classes in proportion to the amount of Current Interest that would otherwise be distributable thereon; (iii) pro rata, to each Class of Subordinate Senior Certificates, Current Interest for each such Class and such Distribution Date and Carryforward Interest for each such Class and such Distribution Date; (iv) sequentially, to the Class M1, Class M2, Class M3, Class M4, Class M5, Class M6 and Class M7 Certificates, in that order (the “Class M Priority”), Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; (v) to the Credit Risk Manager, the product of (a) the Credit Risk Manager’s Fee and (b) the Pool Percentage for Pool 1 for such Distribution Date; (vi) to the Trustee, any amounts reimbursable pursuant to Section 4.04(b)(i) and not previously reimbursed to the Trustee; and (vii) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in subsection (g) of this Section, any Interest Remittance Amount for Pool 1 remaining after application pursuant to clauses (i) through (vi) above. (c) On each Distribution Date, the Trustee shall distribute the Interest Remittance Amount for Pool 2 for such date in the following order of priority: (i) pro rata, to each Class of Group 2 Senior Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; provided, however, that any shortfall in Current Interest shall be allocated among such Classes in proportion to the amount of Current Interest that would otherwise be distributable thereon; (ii) pro rata, to each Class of Group 1, Group 3 and Group 4 Senior Certificates, Current Interest (taking into account distributions pursuant to subsection 5.02(b)(i) above, and subsections 5.02(d)(i) and 5.02(e)(i) below, as applicable) for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; provided, however, that any shortfall in Current Interest shall be allocated among such Classes in proportion to the amount of Current Interest that would otherwise be distributable thereon; (iii) pro rata, to each Class of Subordinate Senior Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; (iv) sequentially, to each Class of Subordinate Certificates, in accordance with the Class M Priority, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; (v) to the Credit Risk Manager, the product of (a) the Credit Risk Manager’s Fee and (b) the Pool Percentage for Pool 2 for such Distribution Date; (vi) to the Trustee, any amounts reimbursable pursuant to Section 4.04(b)(i) and not previously reimbursed to the Trustee; and (vii) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in subsection (g) of this Section, any Interest Remittance Amount for Pool 2 remaining after application pursuant to clauses (i) through (vi) above. (d) On each Distribution Date, the Trustee shall distribute the Interest Remittance Amount for Pool 3 for such date in the following order of priority: (i) pro rata, to each Class of Group 3 Senior Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; provided, however, that any shortfall in Current Interest shall be allocated among such Classes in proportion to the amount of Current Interest that would otherwise be distributable thereon; (ii) pro rata, to each Class of Group 1, Group 2 and Group 4 Senior Certificates, Current Interest (taking into account distributions pursuant to subsections 5.02(b)(i) and 5.02(c)(i) above and subsection 5.02(e)(i) below, as applicable) for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; provided, however, that any shortfall in Current Interest shall be allocated among such Classes in proportion to the amount of Current Interest that would otherwise be distributable thereon; (iii) pro rata, to each Class of Subordinate Senior Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; (iv) sequentially, to each Class of Subordinate Certificates, in accordance with the Class M Priority, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; (v) to the Credit Risk Manager, the product of (a) the Credit Risk Manager’s Fee and (b) the Pool Percentage for Pool 3 for such Distribution Date; (vi) to the Trustee, any amounts reimbursable pursuant to Section 4.04(b)(i) and not previously reimbursed to the Trustee; and (vii) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in subsection (g) of this Section, any Interest Remittance Amount for Pool 3 remaining after application pursuant to clauses (i) through (vi) above. (e) On each Distribution Date, the Trustee shall distribute the Interest Remittance Amount for Pool 4 for such date in the following order of priority: (i) pro rata, to each Class of Group 4 Senior Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; provided, however, that any shortfall in Current Interest shall be allocated among such Classes in proportion to the amount of Current Interest that would otherwise be distributable thereon; (ii) pro rata, to each Class of Group 1, Group 2 and Group 3 Senior Certificates, Current Interest (taking into account distributions pursuant to subsections 5.02(b)(i), 5.02(c)(i) and 5.02(d)(i) above, as applicable) for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; provided, however, that any shortfall in Current Interest shall be allocated among such Classes in proportion to the amount of Current Interest that would otherwise be distributable thereon; (iii) pro rata, to each Class of Subordinate Senior Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; (iv) sequentially, to each Class of Subordinate Certificates, in accordance with the Class M Priority, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for each such Class and such Distribution Date; (v) to the Credit Risk Manager, the product of (a) the Credit Risk Manager’s Fee and (b) the Pool Percentage for Pool 4 for such Distribution Date; (vi) to the Trustee, any amounts reimbursable pursuant to Section 4.04(b)(i) and not previously reimbursed to the Trustee; and (vii) for application as part of Monthly Excess Cashflow for such Distribution Date, as provided in subsection (g) of this Section, any Interest Remittance Amount for Pool 4 remaining after application pursuant to clauses (i) through (vi) above. (f) On each Distribution Date, the Trustee shall distribute the Principal Distribution Amount with respect to each Mortgage Pool for such date as follows: (i) On each Distribution Date (a) prior to the Stepdown Date or (b) with respect to which a Trigger Event is in effect, the Trustee shall make the following distributions, concurrently: (A) For Pool 1: Until the aggregate Certificate Principal Amount of the Offered Certificates equals the Target Amount for such Distribution Date, the Principal Distribution Amount for Pool 1 will be distributed in the following order of priority: (1) to the Class A1 and Class A2 Certificates, sequentially, in that order, until the Class Principal Amount of each such Class has been reduced to zero; (2) concurrently, to each Class of the Group 2, Group 3 and Group 4 Senior Certificates (in each case in proportion to the aggregate Class Principal Amount of the related Group after giving effect to distributions pursuant to subsections 5.02 (f)(i)(B)(1), 5.02(f)(i)(C)(1) and 5.02

  • Withdrawals From Escrow Account Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

  • When Must Distributions from a ▇▇▇▇ ▇▇▇ Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Permitted Withdrawals From Escrow Account Withdrawals from the Escrow Account or Accounts may be made by the Company only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Company for any Servicing Advances made by the Company pursuant to Section 4.08 with respect to a related Mortgage Loan, but only from amounts received on the related Mortgage Loan which represent late collections of Escrow Payments thereunder; (iii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note; (v) for application to restoration or repair of the Mortgaged Property in accordance with the procedures outlined in Section 4.14; (vi) to pay to the Company, or any Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to clear and terminate the Escrow Account on the termination of this Agreement; and (viii) to withdraw funds deposited in error.

  • Permitted Withdrawals from the Certificate Account and the Distribution Account The Master Servicer may, from time to time, make withdrawals from the Certificate Account for any of the following purposes (the order set forth below not constituting an order of priority for such withdrawals):