Common use of Discretion of Escrow Agent Clause in Contracts

Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933. It is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving and holding and disbursing such Funds in accordance with this Agreement.

Appears in 66 contracts

Samples: Escrow Agreement (Cheval Resources Corp), Escrow Agreement (Mobad Service Corp), Escrow Agreement (Petrus Resources Corp)

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Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933herein. It is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving and holding and disbursing such Funds in accordance with this Agreement.

Appears in 12 contracts

Samples: Escrow Agreement (Spirit International, Inc.), Escrow Agreement (Fortune Vacation Travel Ltd.), Escrow Agreement (Vb Clothing, Inc.)

Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933herein. It is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving monies and securities from the Company and holding and disbursing such Funds monies and shares in accordance with this Agreement, 8.

Appears in 9 contracts

Samples: Fund Escrow Agreement (Nevada Acquisition Ventures I Inc), Fund Escrow Agreement (Eagle Golf Corp), Fund Escrow Agreement (Amrite Builders Inc)

Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933herein. It is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving monies and securities from the Company and holding and disbursing such Funds monies and shares in accordance with this Agreement.,

Appears in 7 contracts

Samples: Escrow Agreement (Arcturus Ventures Inc), Fund Escrow Agreement (Pinoak Inc /Nv/), Fund Escrow Agreement (Sosa Inc)

Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933herein. It is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving monies from the Company and holding and disbursing such Funds monies in accordance with this Agreement.

Appears in 4 contracts

Samples: Fund Escrow Agreement (Freelance Com Inc), Escrow Agreement (Dp & D Inc), Fund Escrow Agreement (Blimah Com)

Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933. It 1000.Xx is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving and holding and disbursing such Funds in accordance with this Agreement.

Appears in 3 contracts

Samples: Amended Escrow Agreement (Dignyte, Inc.), Amended Escrow Agreement (Dignyte, Inc.), Escrow Agreement (Dignyte, Inc.)

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Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company AHMY, UPV, Hxxxxx Xxxxx, Exxxxxx Xxxxxxxx or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933herein. It is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving the Escrow Stock from the Owner and holding and disbursing such Funds Escrow Stock in accordance with this the terms of the Agreement.

Appears in 2 contracts

Samples: This Agreement (Alchemy Enterprises, Ltd.), This Agreement (Alchemy Enterprises, Ltd.)

Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933froth herein. It is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving monies from the Company and holding and disbursing such Funds monies in accordance with this Agreement.

Appears in 1 contract

Samples: Fund Escrow Agreement (Mandalay Ventures LTD)

Discretion of Escrow Agent. The Escrow Agent, in its actions pursuant to this Agreement, shall be fully protected in every reasonable exercise of its discretion and shall have no obligations hereunder either to the Company or to any other party, except as expressly set forth herein and as stated in Rule 419 of the Securities Act of 1933. It is understood and agreed that the duties of the Escrow Agent are entirely ministerial, being limited to receiving and holding and disbursing such Funds in accordance with this Agreement.. \

Appears in 1 contract

Samples: Escrow Agreement (Continental Alloy Wheel Corp)

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