Common use of Execution of Escrow Agreement Clause in Contracts

Execution of Escrow Agreement. Simultaneously with the execution and ----------------------------- delivery of this Agreement, (i) the Buyer, the Seller and NationsBank, N.A., as Escrow Agent, are executing and delivering an Escrow Agreement, dated as of the date hereof, in the form attached to this Amendment as Exhibit "A" and (ii) the Buyer is depositing into the escrow fund created by such Escrow Agreement the sum of $2,000,000 in cash in immediately available funds, such funds to be held and disbursed pursuant to the terms of such Escrow Agreement. Seller shall be responsible for all fees and expenses of the Escrow Agent in accordance with Section 5.5 of the Escrow Agreement.

Execution of Escrow Agreement. Simultaneously with the execution and ----------------------------- delivery of this Agreement, (i) the Buyer, the Seller and NationsBank, N.A., as Escrow Agent, are executing and delivering an Escrow Agreement, dated as of the date hereof, in the form attached to this Amendment as Exhibit "A" and (ii) the Buyer is depositing into the escrow fund created by such Escrow Agreement the sum of $2,000,000 in cash in immediately available funds, such funds to be held and disbursed pursuant to the terms of such Escrow Agreement. Seller shall be responsible for all fees and expenses of the Escrow Agent in accordance with Section 5.5 of the Escrow Agreement.