Common use of Fees of Escrow Agent Clause in Contracts

Fees of Escrow Agent. The Escrow Agent shall serve hereunder in consideration of the fees described on Schedule A attached hereto and the reimbursement of any expenses and other charges reasonably incurred by the Escrow Agent in connection with the performance of its duties hereunder. Except as provided in Sections 2.2 and 2.7, all such fees, expenses and other charges of the Escrow Agent (the “Escrow Agent Fees and Expenses”) shall be paid by SOLARFUN and deducted from the Income prior to distribution of Income to SOLARFUN. This Section 2.4 shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent. Legal fees incurred by the Escrow Agent to establish this Agreement shall be paid by the Escrow Agent.

Appears in 2 contracts

Samples: Supply Agreement (Hoku Scientific Inc), Supply Agreement (Hoku Scientific Inc)

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Fees of Escrow Agent. The Escrow Agent shall serve hereunder in consideration of the fees described on Schedule A attached hereto and the reimbursement of any expenses and other charges reasonably incurred by the Escrow Agent in connection with the performance of its duties hereunder. Except as provided in Sections 2.2 and 2.7, all such fees, expenses and other charges of the Escrow Agent (the “Escrow Agent Fees and Expenses”) shall be paid by SOLARFUN SANYO and deducted from the Income interest income prior to distribution of Income interest income to SOLARFUNSANYO. This Section 2.4 shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent. Legal fees incurred by the Escrow Agent to establish this Agreement shall be paid by the Escrow Agent.

Appears in 2 contracts

Samples: Supply Agreement (Hoku Scientific Inc), Supply Agreement (Hoku Scientific Inc)

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