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Extract to table / escrow-agreement-virginia.docx
escrow-agreement-virginia.docx
Parties
IRONHAVEN DATA CENTERS LLC
Ironhaven Frankfurt GmbH
Ironhaven Holdings Inc
Pacific Rim Institutional Lending Corp
Pelvoran Financial Services LLC
Dates
June 3, 2024
May 15, 2024
Amounts
$475,000,000
$950,000,000
$675,000,000
$410,000,000
$14,400,000
$200,000
$200,000,000
$175,000,000
$150,000,000
$125,000,000
Obligations
This document shall not be reproduced or distributed to any other person without the prior written consent of the Administrative Agent
The Parties wish to set forth the terms and conditions governing the deposit, investment, and disbursement of the Escrowed Funds (as defined herein) in connection with Phase I construction of the Virginia Campus, including the procedures by which the Depositor may request disbursements, the conditions precedent to each such disbursement, the role and protections afforded to the Escrow Agent, and the circumstances under which this Agreement shall terminate
" In the event of any conflict between a definition set forth in this Agreement and the corresponding definition set forth in the Credit Agreement, the definition set forth in this Agreement shall control for purposes hereof
1 — Establishment of Escrow Account (a) On or prior to the Closing Date, the Escrow Agent shall establish and maintain a segregated, interest-bearing escrow account (the "Escrow Account") at its offices in Washington, D
The Escrow Account shall be titled: "Pinnacle Trust Company, N
The Escrow Agent shall not commingle the Escrowed Funds with any other funds