Escrow Agent Not Responsible after Release Clause Samples
The "Escrow Agent Not Responsible after Release" clause defines that the escrow agent’s duties and liabilities end once the escrowed funds or property are properly released according to the agreement. In practice, this means that after the agent distributes the assets to the designated parties, they are no longer accountable for any subsequent disputes or issues related to those assets. This clause serves to protect the escrow agent from ongoing liability, ensuring they are only responsible for their actions while holding the escrow and not for events that occur after their role is complete.
Escrow Agent Not Responsible after Release. The Escrow Agent will have no responsibility for escrow securities that it has released to a Securityholder or at a Securityholder’s direction according to this Agreement.
Escrow Agent Not Responsible after Release. The Escrow Agent will have no responsibility for Escrow Documents that it has released to the Director or returned to the Company pursuant to this Agreement.
Escrow Agent Not Responsible after Release. The Escrow Agent will have no responsibility or liability of any kind for Escrowed Shares that it has released to, or at the direction of, the Agent, the Purchaser or the TSXV Escrow Agent in accordance with the terms of this Agreement.
Escrow Agent Not Responsible after Release. The Escrow Agent will have no further responsibility for Securities after it has delivered Securities to or at the direction of the Securityholder in accordance with the terms of this Agreement.