Common use of Disbursements from Escrow Amount to Pay Escrow Agent Clause in Contracts

Disbursements from Escrow Amount to Pay Escrow Agent. Escrow Agent is authorized to, and may disburse to itself from the Escrow Amount, from time to time, the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which Escrow Agent or any Indemnified Party is entitled to seek indemnification hereunder). Escrow Agent shall notify Buyer and Seller Representative of any disbursement from the Escrow Amount to itself or any Indemnified Party in respect of any compensation or reimbursement hereunder and shall furnish Buyer and Seller Representative copies of related invoices and other statements.