Fees to Escrow Agent. In consideration of the services to be provided by the Escrow Agent hereunder, the Company agrees to pay a fee to the Escrow Agent in the amount of $2,500 for the first two months of the escrow and $750 per month thereafter. The initial two months fee covers the Escrow Agent’s fees for acceptance and review of the documents. The Company shall notify the Escrow Agent of the Effective Date.
Appears in 2 contracts
Sources: Escrow Agreement (CNL Properties Trust, Inc.), Escrow Agreement (CNL Properties Trust, Inc.)