Compensation of Agent. For services rendered, the Escrow Agent shall receive $500 as compensation. The Escrow Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder, including, but not limited to, all counsel, advisors' and agents' fees and disbursements and all reasonable taxes or other governmental charges. No such fee, reimbursement for costs and expenses, indemnification or any damages incurred by the Escrow Agent or any monies whatsoever shall be paid out of or chargeable to the subscription funds held in the Escrow Account.
Appears in 3 contracts
Samples: Escrow Agreement (Greengate Corp), Escrow Agreement (Bluegate Corp), Escrow Agreement (Greengate Corp)
Compensation of Agent. For services rendered, the Escrow Agent shall receive [$500 500] as compensation. The Escrow Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder, including, but not limited to, all counsel, advisors' and agents' fees and disbursements and all reasonable taxes or other governmental charges. No such fee, reimbursement for costs and expenses, indemnification or any damages incurred by the Escrow Agent or any monies whatsoever shall be paid out of or chargeable to the subscription funds held in the Escrow Account.
Appears in 1 contract
Samples: Escrow Agreement (Wentworth I Inc)
Compensation of Agent. For services rendered, the Escrow Agent shall receive $500 _____ as compensation. The Escrow Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder, including, but not limited to, all counsel, advisors' and agents' fees and disbursements and all reasonable taxes or other governmental charges. No such fee, reimbursement for costs and expenses, indemnification or any damages incurred by the Escrow Agent or any monies whatsoever shall be paid out of or chargeable to the subscription funds held in the Escrow Account.
Appears in 1 contract
Samples: Escrow Agreement (Bluegate Corp)