Escrow Agent Provisions Sample Clauses

Escrow Agent Provisions. (a) In performing any duties hereunder, Escrow Agent shall not incur any liability to anyone for any damages, losses or expenses, except for willful misconduct, willful default, breach of trust, or gross negligence, and accordingly Escrow Agent shall not incur any such liability with respect to any action taken or omitted in reliance upon any instrument, including any written instrument or instruction provided for in this Agreement, not only as to its due execution and validity and effectiveness of its provisions but also as to the truth and accuracy of information contained therein, which Escrow Agent shall in good faith believe to be genuine, to have been signed or presented by a proper person or persons and to conform to the provisions of this Agreement.
AutoNDA by SimpleDocs
Escrow Agent Provisions. (a) Escrow Agent acts hereunder as depositary only and is not a party to or bound by any agreement or undertaking which may be evidenced by or arise out of any Escrow Documents deposited with it hereunder, is not responsible or liable in any manner for the sufficiency, correctness, genuineness, or validity of any of the Escrow Documents and undertakes no responsibility or liability for the form of execution of the Escrow Documents or the identity, authority, title or rights of any person executing or depositing any of the Escrow Documents.
Escrow Agent Provisions. 4.1 The Escrow Agent shall neither be responsible for or under, nor chargeable with knowledge of, the terms and conditions of any other agreement, instrument or document executed between/among the parties hereto, except for the Escrow Agreement and the defined terms in the Assignment Agreement referred to herein. This Escrow Agreement sets forth all of the obligations of the Escrow Agent, and no additional obligations shall be implied from the terms of this Escrow Agreement or any other agreement, instrument or document, including the Assignment Agreement.
Escrow Agent Provisions. (a) The Company agrees to hold the Escrow Agent harmless and to indemnify the Escrow Agent against any loss, liability, expense (including reasonable attorney’s fees and expenses), claim, or demand arising out of or in connection with the performance of its obligations in accordance with the provisions of this Agreement, except as shall result from the gross negligence or willful misconduct of the Escrow Agent (the “Indemnified Amounts”). The foregoing indemnities in this subsection (a) shall survive the termination of this Agreement.
Escrow Agent Provisions. The Escrow Agent shall not be liable for any mistakes of facts or errors in judgment, or any acts or omissions of any kind unless caused by its willful misconduct or gross negligence. The Escrow Agent shall be permitted to rely on written notice, directions and other documents received by the Escrow Agent purporting to be signed by the Buyer and/or the Seller hereunder. The parties hereto agree to reimburse the Escrow Agent for all costs, fees and expenses incurred in connection with this Escrow Agreement and shall indemnify and hold the Escrow Agent harmless from any claims, demands, causes of action, liability damages and judgments, including the costs of defending any action against it, together with any reasonable attorneys' fees, costs, and legal expenses incurred, all in connection with the Escrow Agent's undertaking pursuant to the terms and conditions of this Escrow Agreement. The Escrow Agent may at any time resign upon advance written notice of such intention. The Escrow Agent shall deliver the Deposit to successor Escrow Agent pursuant to written direction signed by both the Buyer and the Seller. If such written direction signed by both the Buyer and the Seller as to a successor Escrow Agent is not received by the Escrow Agent within five (5) days after the Escrow Agent's resignation, the Escrow Agent may interplead the Deposit in the Circuit Court in and for Pinellas County, Florida and shall have no further obligation in connection with this Escrow Agreement.
Escrow Agent Provisions. The Escrow Agent shall be Xxxxxx Law Group, PLLC. All amounts paid to Escrow Agent under this Agreement (“Xxxxxxx Money” ) shall be held in escrow upon the following terms and conditions:
Escrow Agent Provisions. (a) The Escrow Agent shall have no duties or responsibilities other than those expressly set forth herein. The Escrow Agent shall have no duty to enforce any obligation of any person to make any payment or delivery, or to direct or cause any payment or delivery to be made, or to enforce any obligation of any person to perform any other act. The Escrow Agent shall be under no liability to the other parties hereto or to anyone else by reason of any failure on the part of any party hereto other than the Escrow Agent or any maker, guarantor, endorser or other signatory of any document or any other person to perform such person's obligations under any such document. Except for amendments to this Post-Closing Escrow Agreement referred to below, and except for instructions given to the Escrow Agent in accordance with the terms and conditions of this Post-Closing Escrow Agreement relating to the Escrow Funds under this Post-Closing Escrow Agreement, the Escrow Agent shall not be obligated to recognize any agreement between any and all of the persons referred to herein, notwithstanding that references thereto may be made herein and whether or not it has knowledge thereof.
AutoNDA by SimpleDocs
Escrow Agent Provisions. The Escrow Agent joins in the execution of this Agreement solely for acknowledging and agreeing to the provisions of this Section 3.2. The duties of the Escrow Agent shall be as follows:
Escrow Agent Provisions. 5.1 Escrow Agent is not a party to, or bound by, any agreement or instruments which may be deposited under, evidenced by, or which arises out of this Agreement.
Escrow Agent Provisions. (a) Escrow Agent is not obligated to render any statements or notices of nonperformance hereunder to any party, but may in its discretion inform any party hereto, or its authorized representative, of any matters pertaining to this Agreement and the Lender Closing Instructions. Escrow Agent shall be protected in acting upon any written notices, requests, waivers, consents, certificates, receipts or authorizations received by Escrow Agent from any of the Parties hereto with respect to Escrow Agent’s obligations hereunder as escrow agent and which Escrow Agent believes in good faith to be genuine. Escrow Agent shall not be liable for anything which it may do or refrain from doing in connection with this Agreement, except its own gross negligence or willful misconduct.
Time is Money Join Law Insider Premium to draft better contracts faster.