Escrow receipts Sample Clauses

Escrow receipts. In accordance with mutually agreed-upon arrangements and upon receipt of Instructions to do so, the Bank will execute, or cause a Depository to execute, an escrow receipt relating to a call written by the Fund upon receipt of payment for the premium therefor. Such Instructions shall contain all information necessary for the issuance of such receipts and will authorize the deposit of the securities named in such Instructions into an escrow account of the Fund. Securities so deposited into an escrow account will be held by the Bank or Depository subject to the terms of such escrow receipt. However, the Bank agrees that it will not deliver, or cause a Depository to deliver, any securities deposited in an escrow account pursuant to an exercise notice unless the Bank has received Instructions to do so or (i) the Bank has duly requested the issuance of such Instructions, (ii) at least two business days have elapsed since the receipt of such request by the Fund, and (iii) the Fund has not advised the Bank by Instructions that it has purchased securities that are to be delivered by the Bank or a Depository pursuant to the exercise notice. The Fund agrees that it will not issue any Instructions to the Bank with respect to the Property which shall conflict with the terms of any escrow receipt executed by the Bank or any Depository in relation to the Fund and which is then in effect. The parties understand that the Fund may write calls on securities ("underlying securities") which are not part of the Property and issue Instructions to the Bank to execute, or cause a Depository to execute, an escrow receipt on securities ("convertible securities") which are, or are to be, part of the Property and are convertible into the underlying securities. In such event, the Fund agrees that (i) any Instructions by it as to the execution of the escrow receipt will relate only to such convertible securities, and (ii) any Instructions by it as to the delivery of securities relating to such call will relate only to such convertible securities without responsibility on the part of the Bank to effect any conversion thereof.
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Related to Escrow receipts

  • Escrow Deposits All escrow deposits and escrow payments currently required to be escrowed with the Mortgagee pursuant to each Mortgage Loan (including capital improvements and environmental remediation reserves) are in the possession, or under the control, of the Mortgage Loan Seller or its servicer, and there are no delinquencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to the Depositor or its servicer (or, in the case of a Non-Serviced Mortgage Loan, to the related depositor under the Non-Serviced PSA or Non-Serviced Master Servicer for the related Non-Serviced Trust).

  • Additional escrow securities If you acquire additional escrow securities, those securities will be added to the securities already in escrow, to increase the number of remaining escrow securities. After that, all of the escrow securities will be released in accordance with the applicable release schedule in the tables above.

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Receipts The term “

  • Escrow Funds To provide for the timely payment of any post-closing claims by Buyer against Seller hereunder, at Closing, Seller shall deposit an amount equal to One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) (the “Escrow Funds”) which shall be withheld from the Purchase Price payable to Seller and shall be deposited for a period of one (1) year in an escrow account with the Title Company pursuant to an escrow agreement reasonably satisfactory in form and substance to Buyer and Seller (the “Post-Closing Agreement”), which escrow and Post-Closing Agreement shall be established and entered into at Closing and shall be a condition to Buyer’s obligations under this Contract. All earnings accrue to Seller and Seller may direct investment thereof. If no claims have been asserted by Buyer against Seller, or all such claims have been satisfied, within such 1-year period, the Escrow Funds deposited by Seller shall be released to Seller.