Payment to Escrow Agent. As payment for its services hereunder, the Escrow Agent shall receive annual charges as set forth in Escrow Agent's Escrow Storage Price List. The first such annual charges will be paid by AGCS within ten (10) days of the execution of this Escrow Agreement by all parties hereto. Each year thereafter, AGCS will pay the appropriate charges on or before the anniversary of the effective date of this Escrow Agreement. The annual fee may be adjusted by the Escrow Agent on an annual basis by the lesser of ten (10%) percent or the change in the Producers Price Index over the preceding twelve (12)
Payment to Escrow Agent. As payment for its services hereunder, the Licensor shall reimburse the Escrow Agent for its reasonable out-of-pocket expenses incurred in connection with the discharge by the Escrow Agent of its duties and responsibilities under this Escrow Agreement.
Payment to Escrow Agent. 9.1 Avis shall pay the reasonable fees charged by Escrow Agent for performance of services under this Agreement as specified on Exhibit A.
Payment to Escrow Agent. Any dividends paid on Common Shares and/or distributions paid with respect to Units while they are held in escrow hereunder shall be paid to the Escrow Agent by check or wire transfer by the Trust or the Partnership, respectively. Until the Share Determination Date, dividends and distributions shall only be paid with respect to those Escrowed Shares which a Security Holder would be entitled to vote under paragraph 5 hereof. The Escrow Agent shall invest such dividends and distributions and interest earned thereon in an interest-bearing account. Until the Escrowed Shares are released to the Security Holders pursuant to paragraph 3 of this Agreement, the Escrow Agent shall treat dividends and distributions paid on the Escrowed Shares and interest earned thereon (less amounts thereof required under paragraph 6.3 hereof to pay tax obligations of the Security Holders in respect of Escrowed Shares owned by them and held in escrow hereunder) as assets of the Trust or the Partnership, as the case may be, available for distribution under the terms and conditions set forth in paragraph 10 below.
Payment to Escrow Agent. At the Closing, Buyer shall deliver to the Escrow Agent for deposit the Cash Escrow Amount and the Escrow Shares (if any) into an escrow fund under the Escrow Agreement (the “Escrow Fund”).
Payment to Escrow Agent. The Escrow Agent hereby acknowledges that it has agreed to accept compensation under the Agreement pursuant to the terms of Schedule B attached hereto for services to be performed by the Escrow Agent pursuant to this Agreement, plus out-of-pocket expenses to be reimbursed at cost from legally available funds of the Issuer. The Escrow Agent shall not be compensated from amounts on deposit in the Escrow Account, and the Escrow Agent shall have no lien or claim against funds in the Escrow Account for payment of obligations due it under this Section.
Payment to Escrow Agent. All fees and disbursements of the Escrow Agent are payable by the Proponent.
Payment to Escrow Agent. Simultaneously with the Closing, the Purchaser shall pay to the Escrow Agent its fees and expenses for acting as escrow agent in connection with this Agreement, the Cxxxx NPA and the H.D. Wxxxxxxx NPA.
Payment to Escrow Agent. The Escrow Agent shall receive from MCM a fee in the amount agreed to from time to time by the Escrow Agent and MCM and reimbursement of all reasonable out-of-pocket expenses incurred by Escrow Agent in the performance of its duties hereunder. MCM shall provide KIS with duplicate copies of all invoices received by MCM from the Escrow Agent.
Payment to Escrow Agent. 3 6. Termination........................................................... 3 7. Waiver, Amendment or Modification; Severability....................... 3 8. Notices............................................................... 3 9. Limitation on Escrow Agent's Responsibility and Liability............. 3 10. Counterparts.......................................................... 4 Schedule A Description of Materials Containing the Escrow Information Relating to the Manufacture of the Liquid Polymer Material and SurgeTape ESCROW AGREEMENT ESCROW AGREEMENT dated as of August ____, 1997 by and among SurgX Corporation, having its principal offices at 0000 Xxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxx (hereinafter the "Licensor"); XxXxxx-Xxxxxx Company, a Delaware corporation having its principal offices at 000 Xxx Xxxxx Xxxx Xxxxxxxxxx, Xxxxxxxx (hereinafter the "Licensee"); and Burns, Doane, Xxxxxxx & Xxxxxx, LLP, a law firm having an office at 0000 Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxx Xxxx, Xxxxxxxxxx (hereinafter the "Escrow Agent").
