Common use of Fee of Escrow Agent Clause in Contracts

Fee of Escrow Agent. The escrow account will accrue a service charge of $15.00 per mouth. 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)

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Fee of Escrow Agent. The escrow account will accrue a service charge of $15.00 per mouth. 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)

Fee of Escrow Agent. The escrow account will accrue a ------------------- service charge of $15.00 per mouthmonth. 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 $15.00 per mouth. 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)

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Fee of Escrow Agent. The escrow account will accrue a service ---------------------- charge of $15.00 per mouthmonth. 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)

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