Word: escrowed
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...decision, Amoco agreed: to pay $71 million into a special federal escrow account that will probably be used to help the poor with their fuel bills; to reimburse $29 million to large customers like utilities and local governments; to forgo $180 million in future price increases that it could have legally imposed; and to reduce gasoline and propane prices by about 2? per gal. Finally, Amoco said it would invest an extra $410 million in domestic oil exploration, production and refining. DOE Special Counsel Paul Bloom explained that such a complicated rebate system was necessary because it was now impossible...
...last week signed a consent decree with the Department of Energy, which had accused the company of violating federal price regulations on crude oil, natural gas liquids and refined products, the $75 million settlement included a novel provision. Getty agreed to pay one third, or $25 million, into an escrow account to be administered by the DOE to "provide relief to economically disadvantaged people in meeting their energy expenses for this winter." These funds will supplement the $1.35 billion in Government grants that Congress has appropriated to help the poor pay their heating bills...
...Cremens's second inspection on March 1, he recorded on his notation sheet that "some progress" was made. But the tenants still felt that the common areas and other units were in need of repair. In protest, on March 1, some tenants chose to withhold their rent in an escrow account until the building met health guidelines...
...alternative, perhaps the Senior Class Committee will be willing to establish a fund to be held in escrow until the University adopts a policy of total divestiture. I am sure that those of us who oppose the University's current investment policy would gladly contribute to such a fund, for the greater its success the greater embarrassment and cost to the University. I can see the headlines now: "Harvard Still Ineligible for $3,000,000 Fund." David Aronson...
...military exports, the Defense Department protects manufacturers by routinely requiring buyers to deposit enough money in a Government-administered trust account to cover a company's start-up costs under a contract. The money, which in the case of Iran totals $500 million, is held in escrow until work is completed and all the equipment has been delivered and paid for. At the same time, the contracts themselves also normally require buyers to make regular progress payments as work continues...