Common use of Fees of the Escrow Agent Clause in Contracts

Fees of the Escrow Agent. The fees of the Escrow Agent, including (a) the normal costs of administering the Escrow Account as set forth on the Fee Schedule attached hereto as ANNEX A, and (b) all fees and costs associated with the Escrow Agent's administration of the Escrow Account, shall be paid by Buyer. In the event that the Escrow Agent renders any service hereunder not provided for herein or there is any assignment of any interest in the subject matter of the Escrow Account or modification hereof, the Escrow Agent shall be reasonably compensated for such extraordinary services by the party that is responsible for or requests such services.

Appears in 2 contracts

Samples: Escrow Agreement (Phoenix Footwear Group Inc), Escrow Agreement (Phoenix Footwear Group Inc)

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Fees of the Escrow Agent. The fees of the Escrow Agent, including (ai) the normal costs of administering the Escrow Account as set forth on the Fee Schedule attached hereto as ANNEX A, Annex C and (bii) all fees and costs associated with the Escrow Agent's administration of the Escrow AccountClaims, shall be paid by BuyerPURCHASER and not out of the Escrow Fund. In the event that the Escrow Agent renders any service hereunder not provided for herein or there is any assignment of any interest in the subject matter of the Escrow Account or modification hereof, the Escrow Agent shall be reasonably compensated for such extraordinary services by the party that is responsible for or requests such servicesservices and not out of the Escrow Fund.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Brainworks Ventures Inc), Escrow Agreement (Brainworks Ventures Inc)

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Fees of the Escrow Agent. The fees of the Escrow Agent, including (ai) the normal costs of administering the Escrow Account as set forth on the Fee Schedule attached hereto as ANNEX A, Annex B and (bii) all fees and costs associated with the Escrow Agent's administration of the Escrow AccountClaims, shall be paid by BuyerPURCHASER and not out of the Escrow Fund. In the event that the Escrow Agent renders any service hereunder not provided for herein or there is any assignment of any interest in the subject matter of the Escrow Account or modification hereof, the Escrow Agent shall be reasonably compensated for such extraordinary services by the party that is responsible for or requests such servicesservices and not out of the Escrow Fund.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Verso Technologies Inc)

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