Common use of Rights, Duties and Responsibilities of the Escrow Agent Clause in Contracts

Rights, Duties and Responsibilities of the Escrow Agent. 5.1 The Escrow Agent shall notify the Issuer on a regular basis of the escrow amounts which have been deposited in the Escrow Account and of the amounts, constituting the Fund, which have cleared the banking system and have been collected by the Escrow Agent.