Fees to Escrow Agent. In consideration of the services to be provided by the Escrow Agent hereunder, the Company agrees to pay the fees to the Escrow Agent as shown in Attachment 1 hereto.
Fees to Escrow Agent. In consideration of the services to be provided by the Escrow Agent hereunder, the Company will pay the Escrow Agent a fee for its services hereunder (the "Escrow Fee"). The Escrow Fee shall be $350 for each month or any portion thereof that the Escrow Account continues for the Company. Payments by the Company, if any, shall be due and payable no less frequently than six-month intervals while the escrow continues for the Company. In no event shall the total Escrow Fees payable by the Company pursuant to this Agreement be less than $2,100, nor more than $4,200, for any 12-month period. Notwithstanding anything contained in this Agreement to the contrary, in no event shall any fee, reimbursement for costs and expenses, indemnification for any damages incurred by the Escrow Agent, or monies whatsoever be paid out of or chargeable to the Escrowed Funds in the Escrow Account.
Fees to Escrow Agent. In consideration of the services to be provided by the Escrow Agent hereunder, the Company agrees to pay the following fees to the Escrow Agent.
(a) In the event that by the Closing Date an aggregate of 250,000 Shares have not been sold for the account of the Company, the Company will pay the Escrow Agent a fee in an amount equal to $15 per investor, with a minimum fee of $1,500, payable within 30 days following the Closing Date.
(b) In the event that an aggregate of at least 250,000 Shares are sold by the Closing Date, the Company will pay the Escrow Agent a fee for its services hereunder (the "Escrow Fee"). The Escrow Fee shall be $350 for each month or any portion thereof that the Escrow Account continues for the Company. The first payment of the Escrow Fee by the Company shall be due on the earlier of (i) the date on which the Escrowed Funds become distributable to the Company pursuant to Paragraph 5 hereof, or (ii) six months from the effective date of this Agreement; or (iii) the closing of the offering of Shares in the Company. Subsequent payments by the Company, if any, shall be due and payable no less frequently than six-month intervals while the escrow continues for the Company. In no event shall the total Escrow Fees payable by the Company pursuant to this Agreement be less than $2,100, nor more than $4,200, for any 12-month period. Notwithstanding anything contained in this Agreement to the contrary, in no event shall any fee, reimbursement for costs and expenses, indemnification for any damages incurred by the Escrow Agent, or monies whatsoever be paid out of or chargeable to the Escrowed Funds in the Escrow Account.
Fees to Escrow Agent. Company shall compensate the Escrow Agent for its services hereunder in accordance with Exhibit “A” attached hereto and, in addition, shall reimburse the Escrow Agent for all of its reasonable out-of-pocket expenses, including attorneys’ fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail and overnight delivery charges), copying charges and the like. The additional provisions and information set forth on Exhibit “A” are hereby incorporated by this reference, and form a part of this Escrow Agreement. All of the compensation and reimbursement obligations set forth in this Section 11 shall be payable by Company upon demand by the Escrow Agent. The obligations of Company under this Section 11 shall survive any termination of this Escrow Agreement and the resignation or removal of the Escrow Agent. Notwithstanding anything contained in this Agreement to the contrary, in no event shall any fee, reimbursement for costs and expenses, indemnification for any damages incurred by the Escrow Agent or monies whatsoever be paid out of or chargeable to the Escrowed Funds in the Escrow Account.
Fees to Escrow Agent. In consideration of the services to be provided by the Escrow Agent hereunder, the Company agrees to pay the fees and expenses to the Escrow Agent as outlined in Schedule I hereto which Schedule I permits reasonable fees for the performance of extraordinary services and reimbursement for reasonable extraordinary costs in the event that it should become necessary for the Escrow Agent to perform extraordinary services not contemplated by this Agreement and the Escrow Agent shall, to the extent permitted by law make its best efforts to provide prior written notice before the incurrence of any such expenses.
Fees to Escrow Agent. As consideration for its agreement to act as Escrow Agent as herein described, Issuer agrees to pay the Escrow Agent its fees described on the attached fee schedule (Exhibit B). Further, Issuer agrees to pay all disbursements and advances incurred or made by the Escrow Agent in performance of its duties hereunder, including reasonable fees, expenses and disbursements of its counsel, all in accordance with the attached fee schedule or the other provisions of this Agreement. No such fees or reimbursements shall be paid out of or chargeable to the funds on deposit in the Escrow Account until such time as the Minimum has been collected. Escrow Agent shall promptly issue a check in the amount of the collected funds from the subscriber's check to the rejected subscriber after the Escrow Agent has cleared such funds. If Escrow Agent has not yet submitted a rejected subscriber's check for collection, the Escrow Agent shall promptly remit the subscriber's check directly to the subscriber.
Fees to Escrow Agent. In consideration of the services to be provided by the Escrow Agent hereunder, the Company agrees to pay a fee to the Escrow Agent in the amount of $2,500 for the first two months of the escrow and $750 per month thereafter. The initial two months fee covers the Escrow Agent’s fees for acceptance and review of the documents. The Company shall notify the Escrow Agent of the Effective Date.
Fees to Escrow Agent. As consideration for its agreement to act as Escrow Agent as herein described, Issuer agrees to pay the Escrow Agent its reasonable fees and disbursements and advances incurred or made by the Escrow Agent in performance of its duties hereunder, including reasonable fees, expenses and disbursements of its counsel, as described in a separate agreement between the Issuer and the Escrow Agent. No such fees or reimbursements shall be paid out of or chargeable to the funds on deposit in the Escrow Account until such time as the Minimum has been collected.
Fees to Escrow Agent. The Escrow Agent shall not receive a fee for the discharge of its duties under this Escrow Agreement. However, in the event that the conditions of this Escrow Agreement are not fulfilled, or the Escrow Agent renders any material service not contemplated by the Agreement, or there is any assignment of interest in the subject matter of this Escrow Agreement, or any material modification thereof, or if any material controversy arises hereunder, or the Escrow Agent is made a party or justifiably intervenes in any litigation pertaining to this Escrow Agreement, or the subject matter hereof, the Escrow Agent shall be reasonably compensated for such extraordinary expenses, including reasonable attorneys’ fees, occasioned by any delay, controversy, litigation or event, and the same may be recoverable from jointly and severally from all other parties.
Fees to Escrow Agent. The following fees shall be paid to the Escrow Agent for its services under this Agreement:
(a) $500.00 upon the execution of this Agreement as a set-up fee; and
(b) $600.00 upon the execution of this Agreement for the services for the first year of this Agreement and $600.00 per year on each anniversary date of this Agreement thereafter so long as this Agreement remains in effect. It is understood and agreed that said fees shall be split equally between the Sublessor and the Sublessee. In addition, the Escrow Agent shall be reimbursed for the fees and expenses it incurs under Paragraph 5 above.
