Common use of Compensation to Escrow Agent Clause in Contracts

Compensation to Escrow Agent. The Escrow Agent shall be entitled to receive from the Issuer reasonable compensation for its services as set forth in Exhibit B attached hereto. In the event that the Escrow Agent renders any additional services not provided for herein, or if any controversy arises hereunder, or if the Escrow Agent is made a party to, or intervenes in any action, suit or proceeding pertaining to this Agreement, the Issuer shall provide reasonable compensation for such additional services. Upon notice to the Security Holders, the Escrow Agent may deduct its compensation from any cash dividends or distributions held pursuant to paragraph 8 above.

Appears in 4 contracts

Samples: Security Escrow Agreement (HLM Design Inc), Security Escrow Agreement (Brannon Vernon B), Security Escrow Agreement (HLM Design Inc)

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