Escrow Deposits Definition | Law Insider

Escrow Deposits definitionEscrow Deposits means the Deposit, and any other sums (including, without limitation, any interest earned thereon) which the parties agree shall be held in escrow hereunder.View SourceBased on 7 documents7Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoEscrow Deposits has the meaning set forth in Section 2.3.View SourceBased on 6 documents6Draft with AIEscrow Deposits means, with respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges and any other payments actually received by the servicer or Lender, which are required to be escrowed by the related mortgagor with the related mortgagee pursuant to any mortgage or any other document.View SourceBased on 4 documents4Draft with AI

Examples of Escrow Deposits in a sentence

• If for any reason the Closing does not occur and either party makes a written demand upon the Escrow Agent for payment of the Escrow Deposits, the Escrow Agent shall give written notice to the other party of such demand.

• Buyer shall pay any income taxes on any interest earned on the Escrow Deposits.

• If the Closing occurs, the Escrow Agent shall deliver the Escrow Deposits to, or upon the instructions of, Seller on the Closing Date.

• The Escrow Agent has executed this Agreement in the place indicated on the signature page hereof in order to confirm that the Escrow Agent has received and shall hold the Escrow Deposits, in escrow, and shall disburse the Escrow Deposits pursuant to the provisions of this Article 13.

• The Escrow Agent shall invest the Escrow Deposits in government insured interest-bearing instruments reasonably satisfactory to both Buyer and Seller, shall not commingle the Escrow Deposits with any funds of the Escrow Agent or others, and shall promptly provide Buyer and Seller with confirmation of the investments made.

More Definitions of Escrow Deposits

Escrow Deposits means all ▇▇▇▇▇▇▇ money, escrow deposits, additional deposits, or good faith deposits required from the purchasers under Housing Purchase Contracts.View SourceBased on 4 documents4Draft with AIEscrow Deposits has the meaning set forth in Section 1.6(b).View SourceBased on 4 documents4Draft with AIEscrow Deposits shall have the meaning given such term in Article 13 hereof.View SourceBased on 3 documents3Draft with AIEscrow Deposits means all monies held by the Borrower representing principal, interest, tax, insurance and other deposits or payments made by mortgagors under Mortgage Loans.View SourceBased on 3 documents3Draft with AIEscrow Deposits means escrow deposits maintained by Borrower at Lender, which shall be interest bearing or non-interest bearing as designated by Borrower.View SourceBased on 3 documents3Draft with AIEscrow Deposits means all deposits required under the Blocked Accounts Agreement.View SourceBased on 2 documents2Draft with AIEscrow Deposits contained in Exhibit A to the Recapitalization Agreement is hereby amended by deleting therefrom the reference to "Four Million Dollars ($4,000,000)" in clause (a) of the second sentence thereof and substituting in lieu thereof the number "One Million Dollars ($1,000,000)".View SourceBased on 2 documents2Draft with AI

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