Common use of Concerning the Escrow Agent Clause in Contracts

Concerning the Escrow Agent. 5.01 The Escrow Agent shall be entitled to reasonable compensation for its services hereunder and shall be reimbursed for all reasonable expenses, disbursements and advances (including reasonable attorneys' fees and expenses) incurred or made by it in performance of its duties hereunder. Such reasonable compensation, disbursement, expenses and advances shall be borne equally by Allegro and the Stockholders' Representative and shall be paid promptly upon request by the Escrow Agent.

Appears in 3 contracts

Samples: Escrow Agreement (Allegro New Media Inc), Escrow Agreement (Cinnamon Barry A), Escrow Agreement (Cinnamon Barry A)

AutoNDA by SimpleDocs

Concerning the Escrow Agent. 5.01 3.01 The Escrow Agent shall be entitled to reasonable compensation for its services hereunder and shall be reimbursed for all reasonable expenses, disbursements and advances (including reasonable attorneys' fees and expenses) incurred or made by it in performance of its duties hereunder. Such Buyer and Sellers shall each pay one-half of all such reasonable compensation, disbursementdisbursements, expenses and advances shall be borne equally by Allegro and advances, which, until so paid, will constitute, along with any amounts due under Section 3.04 hereof, a first lien against the Stockholders' Representative and shall be paid promptly upon request by the Escrow AgentEscrowed Fund.

Appears in 2 contracts

Samples: Acquisition Agreement (Ampex Corp /De/), Escrow Agreement (Ampex Corp /De/)

Concerning the Escrow Agent. 5.01 The Escrow Agent shall be entitled to reasonable compensation for its services hereunder and shall be reimbursed for all reasonable expenses, disbursements and advances (including reasonable attorneys' fees and expenses) incurred or made by it in performance of its duties hereunder. Such reasonable compensation, disbursement, expenses and advances shall be borne equally by Allegro and the Stockholders' Representative Vizacom and shall be paid promptly upon request by the Escrow Agent.

Appears in 2 contracts

Samples: Escrow Agreement (Vizacom Inc), Escrow Agreement (Vizacom Inc)

Concerning the Escrow Agent. 5.01 The Escrow Agent shall be entitled to reasonable compensation for its services hereunder and shall be reimbursed for all reasonable expenses, disbursements and advances (including reasonable attorneys' fees and expenses) incurred or made by it in performance of its duties hereunder. Such reasonable compensation, disbursement, expenses and advances shall be borne equally by Allegro and the Stockholders' Representative IWI and shall be paid promptly upon request by the Escrow Agent.

Appears in 1 contract

Samples: Acquisition Agreement (Origin Investment Group Inc)

Concerning the Escrow Agent. 5.01 3.01 The Escrow Agent shall be entitled to reasonable compensation for its services hereunder and shall be reimbursed for all reasonable expenses, disbursements and advances (including reasonable attorneys' fees and expenses) incurred or made by it in performance of its duties hereunder. Such reasonable compensationThe Buyer, disbursementon the one hand, expenses and advances shall be borne equally by Allegro and the Stockholders' Representative Seller and the Shareholders, on the other hand, shall be paid each promptly pay one-half (1/2) of the amounts described in the preceding sentence upon request by receipt of a reasonably detailed itemized statement from the Escrow Agent.

Appears in 1 contract

Samples: Asset Purchase Agreement (Aqua Chem Inc)

AutoNDA by SimpleDocs

Concerning the Escrow Agent. 5.01 3.01 The Escrow Agent shall be entitled to reasonable compensation for its services service hereunder and shall be reimbursed for all reasonable expenses, disbursements and advances (including reasonable attorneys' fees and expenses) incurred or made by it in performance of its duties hereunder. Such reasonable compensationThe Buyer, disbursementon the one hand, expenses and advances shall be borne equally by Allegro and the Stockholders' Representative Seller and the Shareholders, on the other hand, shall be paid each promptly pay one-half (1/2) of the amounts described in the preceding sentence upon request by receipt of a reasonably detailed itemized statement from the Escrow Agent.

Appears in 1 contract

Samples: Asset Purchase Agreement (Aqua Chem Inc)

Concerning the Escrow Agent. 5.01 5.1 The Escrow Agent shall be entitled to reasonable compensation for its services hereunder and shall be reimbursed for all reasonable expenses, disbursements and advances (including reasonable attorneys' fees and expenses) incurred or made by it in performance of its duties hereunder. Such The reasonable compensation, disbursementexpenses, expenses disbursements and advances shall be borne equally paid by Allegro and the Stockholders' Representative and shall be paid promptly Republic upon request by the Escrow AgentAgent from time to time.

Appears in 1 contract

Samples: Escrow Agreement (Lobeck William E Jr)

Concerning the Escrow Agent. 5.01 4.1. The Escrow Agent shall be entitled hereby waives its right to reasonable compensation for its services hereunder and hereunder, but shall be reimbursed for all reasonable out-of-pocket expenses, disbursements and advances (including reasonable attorneys' fees and expensesexpenses if actually incurred by the Escrow Agent in connection with the use of outside attorneys) incurred or made by it in performance of its duties hereunder. Such reasonable compensation, disbursementdisbursements, expenses and advances shall be borne equally by Allegro and the Stockholders' Representative and shall be paid promptly upon request by the Escrow AgentParties equally.

Appears in 1 contract

Samples: Escrow Agreement (Finet Holdings Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.