Common use of Payment to Escrow Agent Clause in Contracts

Payment to Escrow Agent. As payment for its services hereunder, the Licensor shall reimburse the Escrow Agent for its reasonable out-of-pocket expenses incurred in connection with the discharge by the Escrow Agent of its duties and responsibilities under this Escrow Agreement.

Appears in 3 contracts

Sources: License Agreement (Oryx Technology Corp), License Agreement (Oryx Technology Corp), Intellectual Property Rights License Agreement (Oryx Technology Corp)