Common use of Expenses and Tax Reporting Clause in Contracts

Expenses and Tax Reporting. All fees and expenses, including fees for escrow administration, reasonably incurred in entering into this Agreement and in the ordinary course of performing its responsibilities hereunder will be paid directly by the Estate (and not through withdrawal from the Escrow Account); provided, however, any custodial fees imposed by the custodian of the Escrow Account may be paid from the Escrow Account after the Estate receives the Certificate of Payment referenced above. The parties hereto agree that, for tax reporting purposes, all interest or other income earned from the Escrow Account shall be allocable to the Estate.