Common use of Fees of the Escrow Agent Clause in Contracts

Fees of the Escrow Agent. The fees and charges of the Escrow Agent with respect to this Agreement are identified on Schedule B attached hereto. The initial fee shall be paid by Parent, with the amount of such initial fee reimbursed to Parent from the interest earned on the Escrow Amount while held by Escrow Agent. The annual fees and any miscellaneous fees of Escrow Agent shall first be deducted from the interest earned on the Escrow Amount while held by the Escrow Agent, and second, if such interest earned is insufficient to cover the fees of Escrow Agent, shall be paid by Parent.