Word: escrowed
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...accord. Last week, however, he encouraged President Reagan to withhold further military aid to the contras at least until January, when the five Presidents will evaluate the plan's progress. He suggested that Congress might approve Reagan's request for $270 million in new aid, then place it in escrow...
...asserted that the rebels would not lay down their weapons on Nov. 7, nor would they accept an amnesty offered by Ortega. During their meeting with Reagan, the contra leaders proposed that the President secure renewed funding from Congress, then place the military portion of that aid in an escrow account. The money would become available only if Managua broke the cease-fire. Though the Administration refused to commit itself to the suggestion, Assistant Secretary of State Elliott Abrams called it "basically a good idea...
...billion. By that time the addition of 15 months' worth of interest and court costs to the $8.5 billion meant that Texaco still owed $10.2 billion. Under a court order, Texaco has been paying $2.5 million a day, $104,000 an hour, $1,736 a minute into an escrow account to cover interest on the judgment...
...started off with the E4D controversy, "Smith says. The Endowment for Divestiture (E4D) wanted to send seniors letters soliciting money on council stationary. The E4D is an alternative gift fund designed in protest of Harvard's South Africa-related investments. The money is held in escrow until Harvard divests completely, but if that hasn't happened by 2003, the money will go to local charities. Similar letters had been sent in preceding years, according to Melendez...
Meanwhile, the Iranians transferred some or all of what remained in escrow to a Swiss account. Whether the Iranians then moved the funds into the contra account is not known, but the Israelis stoutly deny that they made the deposits. "The Americans cheated on us," says an Israeli source. "They didn't tell us anything about money transferred to the contras. They only said they needed the money quickly and asked us to pressure the Iranians. Now we know...