Common use of Fees, Expenses and Commissions Clause in Contracts

Fees, Expenses and Commissions. (a) The Escrow Agent fee of $5,000, and all reasonable out-of-pocket expenses paid or incurred by the Escrow Agent in the administration of its duties hereunder, including, but not limited to, postage, all outside counsel to the Escrow Agent and advisors' and agents' fees and all taxes or other governmental charges, if any, shall be paid from the gross proceeds from the sale of the Debentures held in escrow. The Escrow Agent shall retain the sum of $500 from the gross proceeds from the sale of the Debentures for out-of-pocket expenses, and the Company agrees to pay the Escrow Agent any out-of-pocket expenses in excess of the $500, upon receipt of an invoice from the Escrow Agent for such excess amount. The Escrow Agent is directed to pay itself such Escrow Agent fee and out-of pocket expenses in the amount of $500 from the escrow, at Closing.

Appears in 1 contract

Samples: Escrow Agreement (Crys Tel Telecommunications Com Inc)

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Fees, Expenses and Commissions. (a) The Escrow Agent fee of $5,000, and all reasonable out-of-pocket expenses paid or incurred by the Escrow Agent in the administration of its duties hereunder, including, but not limited to, postage, all outside counsel to the Escrow Agent and advisors' and agents' fees and all taxes or other governmental charges, if any, shall be paid from the gross proceeds from the sale of the Debentures held in escrow. The Escrow Agent shall retain the sum of $500 300 from the gross proceeds from the sale of the Debentures for out-of-pocket expenses, and the Company agrees to pay the Escrow Agent any out-of-pocket expenses in excess of the $500300, upon receipt of an invoice from the Escrow Agent for such excess amount. The Escrow Agent is directed to pay itself such Escrow Agent fee and out-of of-pocket expenses in the amount of $500 300 from the escrow, at Closing. The Company is to receive prior written notice in the event the Escrow Agent engages outside counsel.

Appears in 1 contract

Samples: Escrow Agreement (Accord Advanced Technologies Inc)

Fees, Expenses and Commissions. (a) The Escrow Agent fee of $5,000, and all reasonable out-of-pocket expenses paid or incurred by the Escrow Agent in the administration of its duties hereunder, including, but not limited to, postage, all outside counsel to the Escrow Agent and advisors' and agents' fees and all taxes or other governmental charges, if any, shall be paid from the gross proceeds from the sale of the Debentures held in escrow. The Escrow Agent shall retain the sum of $500 350 from the gross proceeds from the sale of the Debentures for out-of-pocket expenses, and the Company agrees to pay the Escrow Agent any out-of-pocket expenses in excess of the $500350, upon receipt of an invoice from the Escrow Agent for such excess amount. The Escrow Agent is directed to pay itself such Escrow Agent fee and out-of of-pocket expenses in the amount of $500 350 from the escrow, at Closing.

Appears in 1 contract

Samples: Escrow Agreement (Alottafun Inc)

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Fees, Expenses and Commissions. (a) The Escrow Agent fee of $5,000, and all reasonable out-of-pocket expenses paid or incurred by the Escrow Agent in the administration of its duties hereunder, including, but not limited to, postage, all outside counsel to the Escrow Agent and advisors' and agents' fees and all taxes or other governmental charges, if any, shall be paid from the gross proceeds from the sale of the Debentures held in escrow. The Escrow Agent shall retain the sum of $500 from the gross proceeds from the sale of the Debentures for out-of-of- pocket expenses, and the Company agrees to pay the Escrow Agent any out-of-of- pocket expenses in excess of the $500, upon receipt of an invoice from the Escrow Agent for such excess amount. The Escrow Agent is directed to pay itself such Escrow Agent fee and out-of pocket expenses in the amount of $500 from the escrow, at Closing.

Appears in 1 contract

Samples: Escrow Agreement (Crys Tel Telecommunications Com Inc)

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