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 (Independence Bancshares, 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 (First Southern Bancorp Inc /Ga/), Escrow Agreement (Tidelands 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 4 contracts

Samples: Escrow Agreement (Nbog Bancorporation Inc), Escrow Agreement (Mountain Bancshares Inc), Escrow Agreement (Integrity 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. 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 (First National Bancshares Inc /Sc/), Escrow Agreement (New Commerce Bancorp)

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 (United Americas Bankshares Inc)

Fee of Escrow Agent. The escrow account will accrue a service charge of $20.00 15.00 per monthmouth. 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 (Sweetwater Financial Group 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 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 per month. In addition, a 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 (Futurus Financial Services Inc)

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Fee of Escrow Agent. The escrow account will accrue a service charge of $20.00 per month. In addition, a 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 (Freedom 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 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 (Generations 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)

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