Common use of Disbursements from Escrow Funds to Pay Escrow Agent Clause in Contracts

Disbursements from Escrow Funds to Pay Escrow Agent. The Escrow Agent is authorized to, and may, disburse from time to time, to itself or to any Indemnified Party from the Escrow Funds (but only upon Escrow Agent’s receipt of the Threshold Amount), the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which Escrow Agent or any Indemnified Party is entitled to seek indemnification pursuant to Section 12 hereof). Escrow Agent shall notify Issuer of any disbursement from the Escrow Funds to itself or to any Indemnified Party in respect of any compensation or reimbursement hereunder and shall furnish to Issuer copies of all related invoices and other statements.

Disbursements from Escrow Funds to Pay Escrow Agent. The Escrow Agent is authorized to, to and may, may disburse from time to time, to itself or to any Indemnified Party from the Escrow Funds (but only upon Escrow Agent’s receipt to the extent of the Threshold AmountConsultant's rights thereto), the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including the amount set forth on Exhibit C and any amount to which Escrow Agent or any Indemnified Party is entitled to seek indemnification pursuant to Section 12 9 hereof). Escrow Agent shall notify Issuer of any disbursement from the Escrow Funds to itself or to any Indemnified Party in respect of any compensation or reimbursement hereunder and shall furnish to Issuer copies of all related invoices and other statements.