Common use of Escrow Agent’s Compensation Clause in Contracts

Escrow Agent’s Compensation. The Escrow Agent shall be entitled to receive reasonable compensation from the Issuer for its services. If the Escrow Agent is required to render additional services that are not expressly set forth herein, or if it is made a party to or intervenes in any action, suit or proceeding pertaining to this Agreement ("Additional Services"), it shall be entitled to receive reasonable compensation from the Issuer and the Depositors. If Additional Services are provided, the Escrow Agent may deduct reasonable compensation from the cash dividends, interest and proceeds being held for distribution pursuant to this Agreement.

Appears in 2 contracts

Samples: Promotional Shares Escrow Agreement (Advantage Marketing Systems Inc/Ok), Promotional Shares Escrow Agreement (Advantage Marketing Systems Inc/Ok)

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Escrow Agent’s Compensation. The Escrow Agent shall be entitled to receive reasonable compensation from the Issuer for its services. If the Escrow Agent is required to render additional services that are not expressly set forth hereintherein, or if it is made a party to or intervenes in any action, suit or proceeding pertaining to this Agreement ("Additional Services"), it shall be entitled to receive reasonable compensation from the Issuer and the Depositors. If Additional Services are provided, the Escrow Agent may deduct reasonable compensation from the cash dividends, interest and proceeds being held for distribution pursuant to this Agreement.

Appears in 2 contracts

Samples: Promotional Shares Escrow Agreement (Advantage Marketing Systems Inc/Ok), Promotional Shares Escrow Agreement (Advantage Marketing Systems Inc/Ok)

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Escrow Agent’s Compensation. The Escrow Agent shall be entitled to receive reasonable compensation from the Issuer for its services. If the Escrow Agent is required to render additional services that are not expressly set forth hereintherein, or if it its is made a party to or intervenes in any action, suit or proceeding pertaining to this Agreement ("Additional Services"), it shall be entitled to receive reasonable compensation from the Issuer and the Depositors. If Additional Services are provided, the Escrow Agent may deduct reasonable compensation from the cash dividends, interest and proceeds being held for distribution pursuant to this Agreement.

Appears in 1 contract

Samples: Promotional Shares Escrow Agreement (Vialink Co)

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