Documents and Instructions. The Escrow Agent makes no representation as to the validity, value, genuineness or collectibility of any security or other document or instrument held by or delivered to it. The Escrow Agent acts hereunder as a depository only and shall not be responsible or liable in any manner whatsoever for the genuineness, sufficiency, correctness, manner of execution or validity of any agreement, document, certificate, instrument or item deposited with it or any notice, consent, approval, direction or instruction given to it; nor as to the identity, authority, or rights of any person executing the same. The Escrow Agent shall be fully protected, under Section 7(a) above, for all acts taken in accordance with any written instruction or instrument given to it hereunder, and reasonably believed by the Escrow Agent to be genuine and what it purports to be.
Appears in 2 contracts
Sources: Stock Escrow Agreement, Stock Escrow Agreement (Archstone Consulting LLC)