Common use of Interest Allocations Clause in Contracts

Interest Allocations. Any and all interest which would result from or arise out of the deposits being made and held in escrow by the APPLICANT shall revert to the use and enjoyment of the escrow holder as compensation for the services rendered in connection with this Escrow Agreement, unless otherwise specified in Section 2 pertaining to the escrow funds exceeding $5,000.00.

Appears in 2 contracts

Sources: Escrow Agreement, Escrow Agreement

Interest Allocations. Any and all interest which would result from or arise out of the deposits being made and held in escrow by the APPLICANT Applicant shall revert to the use and enjoyment of the escrow holder as compensation for the services rendered in connection with this Escrow Agreement, unless otherwise specified in Section 2 pertaining to the escrow funds exceeding $5,000.00agreement.

Appears in 1 contract

Sources: Escrow Agreement

Interest Allocations. Any and all interest which would result from or arise out of the deposits being made and held in escrow by for the APPLICANT Applicant shall revert to the use and enjoyment of the escrow holder as compensation for the services rendered in connection with this Escrow Agreement, unless otherwise specified in Section 2 herein pertaining to the escrow funds exceeding $5,000.00.

Appears in 1 contract

Sources: Escrow Agreement