Common use of Fees of Escrow Agent Clause in Contracts

Fees of Escrow Agent. The Company shall pay the Escrow Agent an -------------------- annual fee of $1,500.00 for its services hereunder. In addition, the Company will pay a service charge of $5.00 per subscriber. 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 (Buckhead Community Bancorp Inc), Escrow Agreement (Buckhead Community Bancorp Inc)

AutoNDA by SimpleDocs

Fees of Escrow Agent. The Company shall pay the Escrow Agent an -------------------- annual a fee of $1,500.00 1,000.00 for its services hereunder. In addition, the Company will pay a service charge of $5.00 per subscriber. All of these fees are Such fee is 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 (Northern Star Financial Inc)

Fees of Escrow Agent. The Company shall pay the Escrow Agent an -------------------- annual a fee of $1,500.00 2,000 for its services hereunder. In addition, the Company will pay a service charge of $5.00 per subscriber. All of these fees are This fee is payable upon the release of the Escrowed Funds, and the Escrow Agent is hereby authorized to deduct such fees fee from the Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

Appears in 1 contract

Samples: Escrow Agreement (Unity Holdings Inc)

Fees of Escrow Agent. The Company shall pay the Escrow Agent an -------------------- annual a fee of $1,500.00 2,000 for its services hereunder. In addition, the Company The escrow account will pay accrue a service charge of $5.00 15.00 per subscribermonth. 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 (Southeast Commerce Holding Co)

AutoNDA by SimpleDocs

Fees of Escrow Agent. The Company shall pay the Escrow Agent an -------------------- annual a fee of $1,500.00 1,500 for its services hereunder. In addition, the Company escrow account will pay accrue a service charge of $5.00 15.00 per subscribermonth. 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 (Peoples Community Capital Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!