Common use of Escrow Costs Clause in Contracts

Escrow Costs. The fees, costs and expenses payable to the Escrow Agent hereunder shall be borne by Handheld. The Escrow Agent shall not collect any fee from the Escrow Account. In consideration for services rendered in connection with this Agreement, the Escrow Agent shall be compensated in accordance with the hourly billing rate which is customarily paid for Escrow Agent’s legal services. Handheld hereby agrees that it is Handheld’s obligation to compensate Escrow Agent in accordance with this Section 12 for services rendered in connection with this Agreement.