Common use of The Escrow Agent Clause in Contracts

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate escrow fund for the sole and exclusive benefit of the holders of the Refunded Bonds until final payment thereof.

Appears in 1 contract

Sources: Escrow Agreement

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate escrow trust fund account for the sole and exclusive benefit of the holders of the Refunded Bonds Certificate until final payment thereof.

Appears in 1 contract

Sources: Escrow Agreement

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate escrow trust fund account for the sole and exclusive benefit of the holders of the Refunded Bonds until final payment thereof.

Appears in 1 contract

Sources: Escrow Agreement

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate escrow trust fund account for the sole and exclusive benefit of the holders of the Refunded Bonds and the Bonds (to the extent of the Escrowed Interest Requirements) until final payment thereof.

Appears in 1 contract

Sources: Escrow Agreement

The Escrow Agent. will hold the Government Securities and all interest income or profit derived therefrom and all uninvested cash in an irrevocable segregated and separate escrow trust fund account for the sole and exclusive benefit of the holders of the Refunded Defeased Bonds until final payment thereof.

Appears in 1 contract

Sources: Escrow Agreement