Escrow Agent Compensation. The Company shall pay to the Escrow ------------------------- Agent such compensation for services to be performed by it under this Agreement as the Company and the Escrow Agent may agree in writing from time to time. The Escrow Agent shall be entitled to disburse from the Accounts all such amounts due to the Escrow Agent as agreed upon by the Company and the Escrow Agent (including the reasonable expenses described in the next succeeding paragraph). The Escrow Agent shall disburse such amounts due to the Escrow Agent, if any, from the Escrow Account and the Refinancing Account on a pro rata basis. --- ---- The Company shall reimburse the Escrow Agent upon request for all reasonable expenses, disbursements, and advances incurred or made by the Escrow Agent in implementing any of the provisions of this Agreement, including compensation and the reasonable expenses and disbursements of its counsel, except any such expense, disbursement, or advance as may arise from the Company's gross negligence or willful misconduct.
Appears in 2 contracts
Samples: Escrow and Disbursement Agreement (Transtel S A), Escrow and Disbursement Agreement (Transtel S A)
Escrow Agent Compensation. The Company Guarantor shall pay to the Escrow ------------------------- Agent such compensation for services to be performed by it under this Agreement as the Company Guarantor and the Escrow Agent may agree in writing from time to time. The Escrow Agent shall be entitled to disburse from the Accounts Escrow Account all such amounts due to the Escrow Agent as agreed upon by the Company Guarantor and the Escrow Agent (including the reasonable expenses described in the next succeeding paragraph). The ; provided, however, that the Escrow Agent shall disburse such amounts due give written notice to the Escrow Agent, if any, from the Escrow Account and the Refinancing Account on a pro rata basisGuarantor at least five business days prior to any such disbursement. --- ---- The Company Guarantor shall reimburse the Escrow Agent upon request for all reasonable expenses, disbursements, and advances incurred or made by the Escrow Agent in implementing any of the provisions of this Agreement, including compensation and the reasonable expenses and disbursements of its counsel, except any such expense, disbursement, or advance as may arise from the Company's its gross negligence or willful misconduct.
Appears in 1 contract
Samples: Escrow and Disbursement Agreement (Renaissance Cosmetics Inc /De/)