Common use of Fees of the Escrow Agent Clause in Contracts

Fees of the Escrow Agent. The Escrow Agent shall be entitled to compensation in accordance with the schedule set forth in Exhibit D. The cost of such compensation and expenses shall be paid out of the interest earned on amounts held by Escrow Agent under this Agreement. In the event that the interest earned (but not yet distributed under Section 3 above) on the funds held by Escrow Agent under this Agreement is insufficient to pay the compensation and expenses owing to the Escrow Agent, the excess of such compensation and expenses over the interest earned but unpaid shall be paid by NEXTLINK, upon demand. In the event that Escrow Agent brings an action in interpleader or in the event the conditions of this Agreement are not promptly fulfilled, or Escrow Agent is required to render any service not provided for in the Agreement or in Exhibit D, or there is any assignment of the interest of this escrow or any modification hereof, Escrow Agent shall be entitled to reasonable compensation for such extraordinary services and reimbursement for all fees, costs, liability and expenses, including attorney fees. Such compensation and reimbursement shall be paid by NEXTLINK.

Fees of the Escrow Agent. The Escrow Agent shall be entitled to compensation in accordance with the schedule set forth in Exhibit D. The cost of such compensation and expenses shall be paid out of the interest earned on amounts held by Escrow Agent under this Agreement. In the event that the interest earned (but not yet distributed under Section 3 above) on the funds held by Escrow Agent under this Agreement is insufficient to pay the compensation and expenses owing to the Escrow Agent, the excess of such compensation and expenses over the interest earned but unpaid shall be paid by NEXTLINK*, upon demand. In the event that Escrow Agent brings an action in interpleader or in the event the conditions of this Agreement are not promptly fulfilled, or Escrow Agent is required to render any service not provided for in the Agreement or in Exhibit D, or there is any assignment of the interest of this escrow or any modification hereof, Escrow Agent shall be entitled to reasonable compensation for such extraordinary services and reimbursement for all fees, costs, liability and expenses, including attorney fees. Such compensation and reimbursement shall be paid by NEXTLINK*.