Common use of Distribution of Interest Clause in Contracts

Distribution of Interest. Any interest earned on the Escrowed Funds shall be retained by the Company.

Appears in 22 contracts

Sources: Escrow Agreement (Trident Bancshares, Inc.), Escrow Agreement (CommunitySouth Bancshares Inc), Escrow Agreement (First Metroplex Capital Inc)

Distribution of Interest. Any interest earned on the Escrowed Funds shall be retained by the CompanyBank and the Company as provided above.

Appears in 2 contracts

Sources: Escrow Agreement (Cornerstone Bancorp/Sc), Escrow Agreement (Cornerstone Bancorp/Sc)

Distribution of Interest. Any interest earned on the Escrowed Funds shall be retained by the Company.. <PAGE>

Appears in 1 contract

Sources: Escrow Agreement (Mountain Bancshares Inc)

Distribution of Interest. Any interest earned on the Escrowed Funds shall be retained by the Company.. 128 <PAGE>

Appears in 1 contract

Sources: Escrow Agreement (Allied Bancshares Inc)

Distribution of Interest. Any interest earned on the Escrowed ------------------------ Funds shall be retained by the Company.

Appears in 1 contract

Sources: Escrow Agreement (Islands Bancorp)

Distribution of Interest. Any interest earned on the Escrowed Funds shall be retained by the CompanyBank and he Company as provided above.

Appears in 1 contract

Sources: Escrow Agreement (Carolina National Corp)