Common use of Acceptance by Escrow Agent Clause in Contracts

Acceptance by Escrow Agent. The Funds and the Manager hereby appoint the Escrow Agent as escrow agent hereunder on the terms and conditions hereinafter set forth. The Escrow Agent hereby accepts the appointment as escrow agent hereunder and agrees to act on the terms and conditions hereinafter set forth. Additional Funds may be added to this Agreement from time to time through the execution of an instrument of accession between such additional Fund and the Escrow Agent whereby such additional Fund, the Escrow Agent and the Manager will agree to be bound by the terms of this Agreement (as it may be amended with respect to such Fund by such instrument of accession). The addition of a Fund to this Agreement will not affect the rights or obligations of any other Fund pursuant to the terms of this Agreement. The Escrow Agent shall be under no duty to take any action hereunder on behalf of the Funds except as specifically set forth herein or as may be specifically agreed to by the Escrow Agent and the Funds in a written amendment hereto.