Common use of FDIC Coverage Clause in Contracts

FDIC Coverage. The parties are informed that the Federal Deposit Insurance Corporation (FDIC) coverage applies only to a maximum amount of One hundred thousand Dollars ($100,000) for each individual depositor, and that the Escrow Agent assumes no responsibility for any loss occurring which arises from the fact that the amount held by the Escrow Agent in any account may cause the aggregate amount of any individual depositor's accounts to exceed One hundred thousand Dollars ($100,000) and that the excess amount is not insured by the Federal Deposit Insurance Corporation.

FDIC Coverage. The parties are informed that the -------------- Federal Deposit Insurance Corporation (FDIC) coverage applies only to a maximum amount of One hundred thousand Dollars ($100,000) for each individual depositor, and that the Escrow Agent assumes no responsibility for any loss occurring which arises from the fact that the amount held by the Escrow Agent in any account may cause the aggregate amount of any individual depositor's accounts to exceed One hundred thousand Dollars ($100,000) and that the excess amount is not insured by the Federal Deposit Insurance Corporation.

FDIC Coverage. The parties are informed that the Federal Deposit Insurance Corporation (FDIC) coverage applies only to a maximum amount of One hundred thousand Hundred Thousand Dollars ($100,000100,000.00) for each individual depositor, and that the Escrow Agent assumes no responsibility for any loss occurring which arises from the fact that the amount held by the Escrow Agent in any account may cause the aggregate amount of any individual depositor's accounts to exceed One hundred thousand one Hundred Thousand Dollars ($100,000100,000.00) and that the excess amount is not insured by the Federal Deposit Insurance Corporation.