Common use of Duties in General Clause in Contracts

Duties in General. (1) The Escrow Agent undertakes to perform only such duties as are expressly set forth herein (and required by applicable law), which the parties agree are ministerial in nature. If in doubt as to its duties and responsibilities hereunder, the Escrow Agent may consult with counsel of its choice and shall be protected in any action taken or omitted in connection with the advice or opinion of such counsel.

Appears in 3 contracts

Samples: Escrow Agreement (Services Acquisition Corp. International), Agreement and Plan of Merger (Citrix Systems Inc), Agreement and Plan of Merger (Federal Data Corp)

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Duties in General. (1) The Escrow Agent undertakes to perform only such duties as are expressly set forth herein (and required by applicable law), which the parties agree are ministerial in nature. If in doubt The Escrow Agent shall have no duty to inquire as to its duties and responsibilities hereunder, the provisions of any other agreement. The Escrow Agent may consult with counsel of its choice and shall be protected in any action taken or omitted in connection with the advice or opinion of such counsel.

Appears in 2 contracts

Samples: Indemnification Escrow Agreement (Encore Medical Corp), Indemnification Escrow Agreement (Tc Group LLC)

Duties in General. (1i) The Escrow Agent undertakes to perform only such duties as are expressly set forth herein (and required by applicable law), which the parties agree are ministerial in nature. If in doubt as to its duties and responsibilities hereunder, the Escrow Agent may consult with counsel of its choice and shall be protected in any action taken or omitted in connection with the advice or opinion of such counsel.

Appears in 1 contract

Samples: Master Escrow Agreement (Colorado Medtech Inc)

Duties in General. (1) The Escrow Agent undertakes to perform only such duties as are expressly set forth herein (and or required by applicable law), which the parties agree are ministerial in nature. If in doubt as to its duties and responsibilities hereunder, the Escrow Agent may consult with counsel of its choice and shall be protected in any action taken or omitted in connection with the advice or opinion of such counsel.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Beckman Coulter Inc)

Duties in General. (1) The Escrow Agent undertakes to perform only such duties as are expressly set forth herein (and required by applicable law), which the parties agree are ministerial in nature, and no duties shall be implied. If in doubt as to its duties and responsibilities hereunder, the Escrow Agent may consult with legal counsel of its choice and shall be protected in any action taken or omitted in connection with the advice or opinion of such legal counsel.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Citrix Systems Inc)

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Duties in General. (1i) The Escrow Agent undertakes to perform only such duties as are expressly set forth herein (and required by applicable law), which the parties agree are ministerial in nature, and no duties shall be implied. If in doubt as to its duties and responsibilities hereunder, the Escrow Agent may consult with counsel of its choice and shall be protected in any action taken or omitted in connection with the advice or opinion of such counsel.

Appears in 1 contract

Samples: Escrow Agreement (China Automotive Systems Inc)

Duties in General. (1) The Escrow Agent undertakes to perform only ----------------- such duties as are expressly set forth herein (and required by applicable law), which the all parties hereto agree are ministerial in nature), and any other duties that are imposed by law. If in doubt as to its duties and responsibilities hereunder, the Escrow Agent may consult with counsel of its choice and shall be protected in any action taken or omitted to be taken in connection with good faith in reliance on the advice or opinion of such counsel. The Escrow Agent agrees to perform its duties hereunder in good faith in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Settlement Agreement (Unigene Laboratories Inc)

Duties in General. (1) The Escrow Agent undertakes to perform only such duties as are expressly set forth herein (and required by applicable law), which the parties agree are ministerial in nature. If in doubt as to its duties and responsibilities hereunder, the Escrow Agent may consult with legal counsel of its choice and shall be protected in any action taken or omitted in connection with the advice or opinion of such legal counsel.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Citrix Systems Inc)

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