Common use of Fee of Escrow Agent Clause in Contracts

Fee of Escrow Agent. The escrow account will accrue a service charge of $20.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 5 contracts

Samples: Escrow Agreement (Congaree Bancshares Inc), Escrow Agreement (Congaree Bancshares Inc), Escrow Agreement (Pro Financial Holdings Inc)

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Fee of Escrow Agent. The escrow account agent will accrue a service charge of $20.00 15.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 4 contracts

Samples: Escrow Agreement (CommunitySouth Bancshares Inc), Escrow Agreement (Tidelands Bancshares Inc), Escrow Agreement (First Southern Bancorp Inc /Ga/)

Fee of Escrow Agent. The escrow account will accrue a service charge of $20.00 15.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 4 contracts

Samples: Escrow Agreement (Mountain Bancshares Inc), Escrow Agreement (Nbog Bancorporation Inc), Escrow Agreement (First Capital Bank Holding Corp)

Fee of Escrow Agent. The escrow account will accrue Company shall pay the Escrow Agent a service charge fee of $20.00 15.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 3(a) hereof.

Appears in 3 contracts

Samples: Escrow Agreement (Cornerstone Bancorp/Sc), Escrow Agreement (Cornerstone Bancorp/Sc), Escrow Agreement (Carolina National Corp)

Fee of Escrow Agent. The escrow account will accrue a service charge of $20.00 15.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. subscription All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Escrow Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 2 contracts

Samples: Escrow Agreement (New Commerce Bancorp), Escrow Agreement (First National Bancshares Inc /Sc/)

Fee of Escrow Agent. The escrow account agent will accrue a service charge of $20.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 2 contracts

Samples: Escrow Agreement (Trident Bancshares, Inc.), Escrow Agreement (Allied Bancshares Inc)

Fee of Escrow Agent. (a) The escrow account will accrue Company agrees to pay the Escrow Agent a service charge fee of $20.00 per month3,000 pursuant to this Agreement. In addition, a $20.00 10.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 2 contracts

Samples: Escrow Agreement (T Bancshares, Inc.), Escrow Agreement (T Bancshares, Inc.)

Fee of Escrow Agent. The escrow account will accrue a service charge ------------------- of $20.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereofhereof or accept direct payment from the Company.

Appears in 1 contract

Samples: Escrow Agreement (Community Bank of Georgia Inc)

Fee of Escrow Agent. The escrow account will accrue a service charge of $20.00 15.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Escrow Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (First Reliance Bancshares Inc)

Fee of Escrow Agent. The escrow account Escrow Agent will accrue a service charge of $20.00 15.00 per montheach month that it holds Escrowed Funds. In addition, a $20.00 per check fee will be charged if the escrow account Escrow Account has to be refunded due to a failure to complete the subscriptionOffering. All of these fees are payable upon the release of the Escrowed Funds, and the The Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Satilla Financial Services Inc)

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Fee of Escrow Agent. The escrow account will accrue a service ------------------- charge of $20.00 15.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to must be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Neighbors Bancshares Inc)

Fee of Escrow Agent. The escrow account will accrue a service charge of $20.00 2,000 per monthyear, which amount shall accrue ratably over the period of time in which the Escrow Agent holds the Escrowed Funds. In addition, a $20.00 per check fee will Such service charge shall be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereofhereof or accept direct payment from the Company.

Appears in 1 contract

Samples: Escrow Agreement (First Metroplex Capital Inc)

Fee of Escrow Agent. The escrow account will accrue a service charge of $20.00 15.00 per month. In addition, a fee of the lesser of $20.00 per check fee or $2,500 will be charged if the escrow account has to be refunded due to a failure to complete the subscription. subscription All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Escrow Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Lehigh Acres First National Bancshares Inc)

Fee of Escrow Agent. The escrow account agent will accrue a service charge --------------------- of $20.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Flint River Bancshares Inc)

Fee of Escrow Agent. The escrow account will accrue a service charge ------------------- of $20.00 15.00 per month. In addition, a $20.00 per check fee will be charged if the escrow account has to be refunded due to a failure to complete the subscription. All of these fees are payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Ucb Financial Group Inc)

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