Common use of Fees to Escrow Agent Clause in Contracts

Fees to Escrow Agent. As consideration for its agreement to act as Escrow Agent as herein described, Issuer agrees to pay the Escrow Agent its reasonable fees and disbursements and advances incurred or made by the Escrow Agent in performance of its duties hereunder, including reasonable fees, expenses and disbursements of its counsel, as described in a separate agreement between the Issuer and the Escrow Agent. No such fees or reimbursements shall be paid out of or chargeable to the funds on deposit in the Escrow Account until such time as the Minimum has been collected.

Appears in 2 contracts

Sources: Escrow Agreement (Imaging Center Inc), Escrow Agreement (Imaging Center Inc)