Common use of Annual Escrow Fee Clause in Contracts

Annual Escrow Fee. To cover the administrative functions of the Escrow Agent under the agreement, including the establishment and maintenance of the Escrow account, safekeeping of assets, maintenance of the records, follow-up of the agreement provisions, and other duties required of the agent under the terms of the Escrow agreement. $7,000 Amendment Fee: (if necessary) To cover the administrative functions of amending the Agreements Fee to be mutually agreed upon prior to review by Citi of any amendment.

Annual Escrow Fee. To cover the administrative functions of the Escrow Agent under the agreement, including the establishment and maintenance of the Adjustment Escrow and Indemnification Escrow account, safekeeping of assets, maintenance of the records, follow-up of the agreement provisions, and other duties required of the agent under the terms of the Escrow agreement. $7,000 Amendment Fee: (if necessary) To cover the administrative functions of amending the Agreements Fee to be mutually agreed upon prior to review by Citi of any amendment.Waived