Common use of Fee of Escrow Agent Clause in Contracts

Fee of Escrow Agent. The Company shall pay the Escrow Agent a fee of $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(a) hereof.

Appears in 3 contracts

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

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Fee of Escrow Agent. (a) The Company shall agrees to pay the Escrow Agent a fee of $15.00 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(a) 3 hereof.

Appears in 2 contracts

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

Fee of Escrow Agent. The Company shall pay the Escrow Agent escrow agent will accrue a fee service charge of $15.00 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(a) 3 hereof.

Appears in 2 contracts

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

Fee of Escrow Agent. The Company shall pay the Escrow Agent will accrue a fee service charge of $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(a) 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Satilla Financial Services Inc)

Fee of Escrow Agent. The Company shall pay the Escrow Agent escrow account will accrue a fee service charge ------------------- of $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(a) 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Ucb Financial Group Inc)

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Fee of Escrow Agent. The Company escrow account will accrue a service charge of $2,000 per year, which amount shall pay accrue ratably over the period of time in which the Escrow Agent a fee of $15.00 per monthholds 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(a) hereof3 hereof or accept direct payment from the Company.

Appears in 1 contract

Samples: Escrow Agreement (First Metroplex Capital Inc)

Fee of Escrow Agent. The Company shall pay the Escrow Agent escrow account will accrue a fee service charge of $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(a) 3 hereof.

Appears in 1 contract

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

Fee of Escrow Agent. The Company shall pay the Escrow Agent escrow account will accrue a fee service charge of $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(a) 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (First Reliance Bancshares Inc)

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