Common use of Escrow Agent Fees Clause in Contracts

Escrow Agent Fees. All fees of the Escrow Agent for performance of its duties hereunder shall be paid by IEC in accordance with the standard fee schedule of the Escrow Agent. It is understood that the fees and usual charges agreed upon for services of the Escrow Agent shall be considered compensation for ordinary services as contemplated by the Escrow Instructions. In the event that the conditions of the Escrow Agreement are not promptly fulfilled, or if the Escrow Agent renders any service not provided for in the Escrow Instructions or if the parties request a substantial modification of its terms, or if any controversy arises, or if the Escrow Agent is made a party to, or intervenes in, any litigation pertaining to the Escrow Fund or its subject matter, the Escrow Agent shall be reasonably compensated for such extraordinary services and reimbursed for all costs, attorney's fees, including allocated costs of in-house counsel, and expenses occasioned by such default, delay, controversy or litigation. IEC promises to pay these sums upon demand.

Escrow Agent Fees. All fees of the Escrow Agent for performance of its duties hereunder shall be paid by IEC Parent in accordance with the standard fee schedule of the Escrow Agent. It is understood that the fees and usual charges agreed upon for services of the Escrow Agent shall be considered compensation for ordinary services as contemplated by the Escrow Instructionsthis Agreement. In the event that the conditions of the Escrow this Agreement are not promptly fulfilled, or if the Escrow Agent renders any service not provided for in the Escrow Instructions this Agreement, or if the parties request a substantial modification of its terms, or if any controversy arises, or if the Escrow Agent is made a party to, or intervenes in, any litigation pertaining to the Escrow Fund or its subject matter, the Escrow Agent shall be reasonably compensated by Parent for such extraordinary services and reimbursed for all costs, attorney's ’s fees, including allocated costs of in-house counsel, and expenses occasioned by such default, delay, controversy or litigation. IEC promises to pay these sums upon demand.

Escrow Agent Fees. All fees of the Escrow Agent for performance of its duties hereunder shall be paid by IEC Parent in accordance with the standard fee schedule of the Escrow Agent. It is understood that the fees and usual charges agreed upon for services of the Escrow Agent shall be considered compensation for ordinary services as contemplated by the Escrow Instructionsthis Agreement. In the event that the conditions of the Escrow this Agreement are not promptly fulfilled, or if the Escrow Agent renders any service not provided for in the Escrow Instructions this Agreement but that has been requested by an officer of Parent, or if the parties request a substantial modification of its termsthe terms of the Agreement, or if any controversy arises, or if the Escrow Agent is made a party to, or intervenes in, any litigation pertaining to the Escrow Fund or its subject matter, the Escrow Agent shall be reasonably compensated for such extraordinary services and reimbursed for all costs, attorney's ’s fees, including allocated costs of in-house counsel, and expenses occasioned by such default, delay, controversy or litigation. IEC promises to pay these sums upon demand.

Escrow Agent Fees. All fees of the Escrow Agent for performance of its duties hereunder shall be paid by IEC Parent in accordance with the standard fee schedule of the Escrow Agent. It is understood that the fees and usual charges agreed upon for services of the Escrow Agent shall be considered compensation for ordinary services as contemplated by the Escrow Instructionsthis Agreement. In the event that the conditions of the Escrow this Agreement are not promptly fulfilled, or if the Escrow Agent renders any service not provided for in the Escrow Instructions this Agreement, or if the parties or the Escrow Agent request a substantial modification of its terms, or if any controversy arises, or if the Escrow Agent is made a party to, or intervenes in, any litigation pertaining to the Escrow Fund or its subject matter, the Escrow Agent shall be reasonably compensated by Parent for such extraordinary services and reimbursed for all costs, attorney's ’s fees, including allocated costs of in-house counsel, and expenses occasioned by such default, delay, controversy or litigation. IEC promises to pay these sums upon demand.