Common use of Escrow Agent Fee Clause in Contracts

Escrow Agent Fee. The Escrow Agent shall be entitled to compensation for services provided hereunder in accordance with the fees and charges set forth in the fee letter agreement between the parties dated October 22, 2010, as such fee letter agreement may be amended from time to time, and reimbursement of the reasonable out-of-pocket expenses incurred in connection with such services, which compensation and reimbursement shall be paid by the Company. The foregoing obligation of the Company shall become an obligation of the Dealer Manager with respect to fees and reimbursable expenses that the Company does not pay within 30 days of being invoiced by BNYM. Subject to the provisions of Section 11 hereof, the fee agreed upon for the services rendered hereunder in the aforementioned fee letter agreement is intended as full compensation for the Escrow Agent’s services as contemplated by this Agreement. Any fee, reimbursement for costs and expenses, indemnification for damages incurred by the Escrow Agent or other monies of any sort may be paid out of or chargeable to the income of assets of the Escrow Accounts if such is not paid by the Company or Dealer manager within thirty (30) days of demand by the Escrow Agent, but any partial recovery by the Escrow Agent pursuant to the foregoing sentence shall not be construed as an accord and satisfaction of all amounts that may be owed.

Escrow Agent Fee. The Escrow Agent shall be entitled to compensation for services provided hereunder in accordance with the fees and charges set forth its services, as stated in the fee letter agreement between the parties dated October 22, 2010, schedule attached hereto as such fee letter agreement may be amended from time to timeExhibit B, and reimbursement of the reasonable out-of-pocket expenses incurred in connection with such services, which compensation and reimbursement shall be paid by the Company. The foregoing obligation of the Company shall become an obligation of the Dealer Manager with respect to fees and reimbursable expenses that the Company does not pay within 30 days of being invoiced by BNYMBNY. Subject to the provisions of Section 11 10 hereof, the fee agreed upon for the services rendered hereunder in the aforementioned fee letter agreement Exhibit B is intended as full compensation for the Escrow Agent’s services as contemplated by this Agreement. Any fee, reimbursement for costs and expenses, indemnification for damages incurred by the Escrow Agent or other monies of any sort may be paid out of or chargeable to the income of assets of the Escrow Accounts Account if such is not paid by the Company or Dealer manager within thirty (30) days of demand by the Escrow Agent, but any partial recovery by the Escrow Agent pursuant to the foregoing sentence shall not be construed as an accord and satisfaction of all amounts that may be owed.

Escrow Agent Fee. The Escrow Agent shall be entitled to compensation for services provided hereunder in accordance with the fees and charges set forth in the fee letter agreement between the parties dated October 22, 2010, as such fee letter agreement may be amended from time to time, and reimbursement of the reasonable out-of-pocket expenses incurred in connection with such services, which compensation and reimbursement shall be paid by the Company. The foregoing obligation of the Company shall become an obligation of the Dealer Manager with respect to fees and reimbursable expenses that the Company does not pay within 30 days of being invoiced by BNYM. Subject to the provisions of Section 11 10 hereof, the fee agreed upon for the services rendered hereunder in the aforementioned fee letter agreement is intended as full compensation for the Escrow Agent’s services as contemplated by this Agreement. Any fee, reimbursement for costs and expenses, indemnification for damages incurred by the Escrow Agent or other monies of any sort may be paid out of or chargeable to the income of assets of the Escrow Accounts if such is not paid by the Company or Dealer manager within thirty (30) days of demand by the Escrow Agent, but any partial recovery by the Escrow Agent pursuant to the foregoing sentence shall not be construed as an accord and satisfaction of all amounts that may be owed.