Remuneration of Escrow Agent. The Issuer will pay the Escrow Agent reasonable remuneration for its services under this Agreement, which fees are subject to revision from time to time on 30 days' written notice. The Issuer will reimburse the Escrow Agent for its expenses and disbursements. Any amount due under this section and unpaid 30 days after request for such payment, will bear interest from the expiration of such period at a rate per annum equal to the then current rate charged by the Escrow Agent, payable on demand.
Remuneration of Escrow Agent. The Issuer will pay the Escrow Agent reasonable remuneration for its services under this Agreement, which fees are subject to revision from time to time on 30 days' written notice. The Issuer will reimburse the Escrow Agent for its expenses and disbursements. Any amount due under this section and unpaid 30 days after request for such payment, will bear interest from the expiration of such period at a rate per annum equal to the then current rate charged by the Escrow Agent, payable on demand. In the event the Issuer or the Securityholders fail to pay the Escrow Agent any amounts owing to the Escrow Agent hereunder, the Escrow Agent shall have the right not to act (including the right not to release any additional securities from escrow) and will not be liable for refusing to act until it has been fully paid all amounts owing to it hereunder. Further, in the event the Issuer fails to pay the Escrow Agent its reasonable remuneration for its services hereunder, the Escrow Agent shall be entitled to charge the Securityholders for any further release of escrowed securities and shall have the right not to act (including the right not to release any additional securities from escrow) until the Securityholders have paid such amounts to the Escrow Agent. In the event the Issuer or the Securityholders have failed to pay the amounts owing the Escrow Agent hereunder, the Escrow Agent shall not be liable for any loss caused by a delay in the release of the escrowed securities.
Remuneration of Escrow Agent. PART 9 NOTICES 9.1
Remuneration of Escrow Agent. The Issuer agrees to pay the Escrow Agent’s fees in advance as may be agreed from time to time with the Issuer, together with the Escrow Agent’s expenses and disbursements. Notwithstanding any provision contained in this Agreement, the Issuer and the Securityholders agree that if any of the Escrow Agent’s fees, expenses and disbursements are in arrears then the Escrow Agent reserves the right to withhold the release of any Securities until such fees, expenses and disbursements are paid in full.
Remuneration of Escrow Agent. 29.1 The Issuer shall pay the Escrow Agent reasonable remuneration for services provided by the Escrow Agent under this Agreement.
Remuneration of Escrow Agent. PART 9 NOTICES 9.1 Notice to Escrow Agent 9.2 Notice to Issuer 9.3 Deliveries to Securityholders 9.4 Change of Address 9.5 Postal Interruption
Remuneration of Escrow Agent. Forthwith upon receipt of an invoice therefor, the Company agrees to pay the Escrow Agent’s accounts for time, disbursements and applicable taxes relating to the performance by the Escrow Agent of its duties or rights hereunder or other work incidental to or contemplated pursuant to the terms of this Agreement. Any amount due under this section and unpaid 30 days after request for such payment, will bear interest from the expiration of such period at a rate per annum equal to the then current rate charged by the Escrow Agent, payable on demand. Notwithstanding anything to the contrary herein, the Company and the Director shall be jointly and severally liable to the Escrow Agent for unpaid accounts (including interest thereon) incurred in respect of this Agreement and which are unpaid 45 days after request for such payment.
Remuneration of Escrow Agent. CGI covenants that it will pay to the Escrow Agent such remuneration for its services hereunder as is agreed to between CGI and the Escrow Agent and will pay or reimburse the Escrow Agent upon its request for all reasonable expenses, disbursements and advances incurred or made by the Escrow Agent in the administration or execution of the duties hereby created (including the reasonable compensation and the disbursements of its counsel and all other advisers and assistants not regularly in its employ reasonably acceptable to CGI) until all the duties of the Escrow Agent under this Agreement shall be finally and fully performed, except any such expense, disbursement or advance that may arise from its negligence, bad faith or wilful misconduct. Any amount due under this provision and unpaid 30 days after receipt by CGI of a written request for such payment shall bear interest from the expiration of such thirty 30 day period at a rate per annum equal to the then current rate generally charged by the Escrow Agent to like customers from time to time, payable on demand. After default, all amounts so payable and the interest thereon shall be payable out of any funds coming into the possession of the Escrow Agent or its successors in priority to any other payment that it may be obligated to make hereunder.
Remuneration of Escrow Agent. The Issuer will pay the Escrow Agent reasonable remuneration for its services under this Agreement, which fees are subject to revision from time to time on 30 days' written notice. The Issuer will reimburse the Escrow Agent for its expenses and disbursements. Any amount due under this section and unpaid 30 days after request for such payment, will bear interest from the expiration of such period at a rate per annum equal to the then current rate charged by the Escrow Agent, payable on demand. -------------------------------------------------------------------------------- FORM 5D ESCROW AGREEMENT PAGE 14 (AS AT AUGUST 2002)
Remuneration of Escrow Agent. (a) The Corporation shall pay the Escrow Agent the fees set forth in the fee schedule attached as Schedule “B” hereto in lawful currency of Canada plus expenses reasonably incurred in connection with this Agreement, for acting as escrow agent (the “Escrow Fees”).
