Common use of Expenses of Escrow Agent Clause in Contracts

Expenses of Escrow Agent. Except as set forth in Section 11 the Buyers shall reimburse Escrow Agent for all of its reasonable out-of-pocket expenses, including attorneys’ fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail and overnight delivery charges), copying charges and the like. All of the compensation and reimbursement obligations set forth in this Section shall be payable by the Buyers, upon demand by Escrow Agent. The obligations of the Buyers under this Section shall survive any termination of this Agreement and the resignation or removal of Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (Eastern Resources Inc)

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Expenses of Escrow Agent. Except as set forth in Section 11 the Buyers Company shall reimburse the Escrow Agent for all of its reasonable out-of-pocket expenses, including attorneys' fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail and overnight delivery charges), and copying charges charges, and shall pay the likeEscrow Agent compensation equal to Three Hundred Fifty Dollars ($350) for each Advance directly out of the proceeds. All of the compensation and reimbursement obligations set forth in this Section shall be payable by the BuyersCompany, upon demand by the Escrow Agent. The obligations of the Buyers Company under this Section shall survive any termination of this Agreement and the resignation or removal of the Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (Innova Holdings)

Expenses of Escrow Agent. Except as set forth in Section 11 the Buyers Company and the Investor(s) jointly and severally shall reimburse Escrow Agent for all of its reasonable out-of-pocket expenses, including attorneys’ fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail and overnight delivery charges), copying charges and the like. All of the compensation and reimbursement obligations set forth in this Section shall be payable by the Buyers, upon demand by Escrow Agent. The obligations of the Buyers Company under this Section shall survive any termination of this Agreement and the resignation or removal of Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (Futuremedia PLC)

Expenses of Escrow Agent. Except as set forth in Section 11 the Buyers ------------------------ Company shall reimburse Escrow Agent for all of its reasonable out-of-pocket expenses, including attorneys' fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail and overnight delivery charges), copying charges and the like. All of the compensation and reimbursement obligations set forth in this Section shall be payable by the BuyersCompany, upon demand by Escrow Agent. The obligations of the Buyers Company under this Section shall survive any termination of this Agreement and the resignation or removal of Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (Roanoke Technology Corp)

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Expenses of Escrow Agent. Except as set forth in Section 11 10 the Buyers Company ------------------------- shall reimburse Escrow Agent for all of its reasonable out-of-pocket expenses, including attorneys' fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail and overnight delivery charges), copying charges and the like. All of the compensation and reimbursement obligations set forth in this Section shall be payable by the BuyersCompany, upon demand by Escrow Agent. The obligations of the Buyers Company under this Section shall survive any termination of this Agreement and the resignation or removal of Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (Medix Resources Inc)

Expenses of Escrow Agent. Except as set forth in Section 11 hereof the Buyers Company shall reimburse Escrow Agent for all of its reasonable out-of-pocket expenses, including attorneys' fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail and overnight delivery charges), copying charges and the like. All of the compensation and reimbursement obligations set forth in this Section 12 shall be payable by the BuyersCompany, upon demand by Escrow Agent. The obligations of the Buyers Company under this Section shall survive any termination of this Agreement and the resignation or removal of Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (Cirtran Corp)

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