Common use of Compensation of Agent Clause in Contracts

Compensation of Agent. For services rendered, the Agent shall receive as compensation $ , which fee shall be paid by the Company promptly following the signing of this Agreement. The Agent shall also be entitled to retain any income earned on the funds in the escrow account as part of the Agent’s compensation. The Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder, including, but not limited to, all counsel, advisors’ and Agents’ fees and disbursements and all reasonable taxes or other governmental charges. It is anticipated that such disbursement shall not exceed $500.00 barring any unforeseen circumstances.

Appears in 2 contracts

Samples: Escrow Agreement (Colonial Commercial Corp), Escrow Agreement (Colonial Commercial Corp)

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Compensation of Agent. For services rendered, the Agent shall receive as compensation $ $2,500, which fee shall be paid by the Company promptly following the signing of this Agreement. The Agent shall also be entitled to retain any income earned on the funds in the escrow account as part of the Agent’s compensation. The Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder, including, but not limited to, all counsel, advisors’ and Agents’ fees and disbursements and all reasonable taxes or other governmental charges. It is anticipated that such disbursement shall not exceed $500.00 barring any unforeseen circumstances.

Appears in 1 contract

Samples: Escrow Agreement (Colonial Commercial Corp)

Compensation of Agent. For services rendered, the Agent shall receive as compensation $ $5,000, $2,500 of which fee shall be paid by the Company promptly following the signing of this Agreement. The Agent shall also Agreement and the remaining $2,500 to be entitled to retain any income earned paid on the funds in date that the escrow account as part of Escrow Funds are released to the Agent’s compensationCompany. The Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder, including, but not limited to, all counsel, advisors’ and Agents’ fees and disbursements and all reasonable taxes or other governmental charges. It is anticipated that such disbursement shall not exceed $500.00 barring any unforeseen circumstances.

Appears in 1 contract

Samples: Escrow Agreement (nCoat, Inc.)

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Compensation of Agent. For services rendered, the Agent shall receive as compensation $ $2,500.00, which fee shall be paid by the Company promptly following at the signing of this AgreementFirst Closing. The Agent shall also be entitled to retain any income earned on the funds in the escrow account as part of the Agent’s compensation. The Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder, including, but not limited to, all counsel, advisors’ and Agents’ fees and disbursements and all reasonable taxes or other governmental charges. It is anticipated that such disbursement shall not exceed $500.00 barring any unforeseen circumstances.

Appears in 1 contract

Samples: Escrow Agreement (Expedite 4 Inc)

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