Escrow Closing Definition | Law Insider

Escrow Closing definitionEscrow Closing means the date on which the I-Bank, the State (if applicable), a Borrower and an escrow agent appointed by the I-Bank each enter into an escrow agreement, pursuant to which (i) the I-Bank and the State each commit to make a loan to the Borrower with respect to a particular Environmental Infrastructure Project under the Water Bank or the I-Bank commits to make a loan to the Borrower with respect to a particular Transportation Infrastructure Project under the Transportation Bank; (ii) the Borrower commits to accept a loan from each of the I- Bank and the State with respect to such Environmental Infrastructure Project or the Borrower commits to accept a loan from the I-Bank with respect to such Transportation Infrastructure Project; and (iii) the I-Bank Loan Agreement and I-Bank Loan Bond for both Water and Transportation Infrastructure Projects and the Fund Loan Agreement and Fund Loan Bond for Water Bank Projects, together with certain other documents and legal opinions, are deposited into escrow, to be released by the escrow agent upon the issuance by the I-Bank of its bonds.View SourceBased on 15 documents15Draft with AISplit ViewAI-Powered Contracts

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Get StartedBook a DemoEscrow Closing has the meaning set forth in Section 3.01.View SourceBased on 10 documents10Draft with AIEscrow Closing means the date on which the Trust, the State, a Borrower and an escrow agent appointed by the Trust each enter into an escrow agreement, pursuant to which (i) the Trust and the State each commit to make a loan to the Borrower with respect to a particular Environmental Infrastructure Project; (ii) the Borrower commits to accept a loan from each of the Trust and the State with respect to such Environmental Infrastructure Project; and (iii) the Trust Loan Agreement, the Fund Loan Agreement, the Trust Loan Bond and the Fund Loan Bond, together with certain other documents and legal opinions, are deposited into escrow, to be released by the escrow agent upon the issuance by the Trust of its bonds.View SourceBased on 10 documents10Draft with AI

Examples of Escrow Closing in a sentence

• The Escrow Agent shall have no duty or responsibility to review or seek to determine the truth, accuracy or sufficiency of documents contemplated or referred to in the Notice of Escrow Closing.

• Subscription Accounting as of the date of the Notice of Escrow Closing.

• The parties may agree in writing on another date, time or place for the Escrow Closing.

• Upon creation of the Escrow, anything herein to the contrary notwithstanding, the transfer and conveyance of the Property, the payment of funds, and the delivery of the Escrow Closing Documents (as defined below) and other documents required to close the transaction contemplated by this Agreement will be made through the Escrow.

• All rights of Buyer hereunder or under any of the Escrow Closing Documents, with respect to any surviving representation, warranty, covenant, or indemnity will be deemed waived if Buyer does not, by written notice to Seller, advise Seller of any alleged breach of representation, warranty, or covenant, or any alleged indemnification obligation, prior to the expiration of the Survival Period.

More Definitions of Escrow Closing

Escrow Closing means the delivery on the Escrow Closing Date to Escrow Agent by each of Buyer and Seller of the agreements, documents and instruments specified in Sections 7.4 and 7.5 hereof, respectively.View SourceBased on 6 documents6Draft with AIEscrow Closing shall have the meaning ascribed to such term in Section 3.1(a). "Escrow Closing Date" shall have the meaning ascribed to such term in Section 3.1(a).View SourceBased on 2 documents2Draft with AIEscrow Closing means the date upon which the Property is conveyed to Buyer, as evidenced by the Title Company’s issuance of the Title Policy to Buyer.View SourceBased on 2 documents2Draft with AIEscrow Closing. The escrow agent shall be . Escrow fees shall 105 be the responsibility of: (First Party) (Second Party) (Shared equally) STRIKE TWO . Each Party shall deposit with the escrow agent all 106 funds and documents necessary to complete the exchange according to the terms of this Agreement. The escrow agent shall disburse 107 the closing funds and record/file the documents promptly upon verification that, per the most current records available for review, the 108 condition of title has not changed from the condition of title shown in the title commitment provided per lines 158-162, other than liens 109 to be paid out of closing proceeds and other changes agreed to by the Parties.View SourceBased on 2 documents2Draft with AIEscrow Closing means the closing in escrow pursuant to the Escrow Agreement as contemplated in Section 9.2 and in the Escrow Agreement.View SourceBased on 2 documents2Draft with AIEscrow Closing means the closing, subject to the terms of the Escrow Letter, of the sale and purchase of the Assets and the Diagnostics Business by the parties;View SourceBased on 2 documents2Draft with AIEscrow Closing shall have the meaning set forth in Section 5.1(c).View SourceBased on 2 documents2Draft with AI

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Related Definitions

• First Closing
• Second Closing
• Closing Escrow Agreement
• Put Closing
• Final Closing