Common use of Limitations on Escrow Agent's Responsibility and Liability Clause in Contracts

Limitations on Escrow Agent's Responsibility and Liability. 5.1(a) The Escrow Agent does not have any interest in the Shares but is serving as escrow holder only, having only possession thereof. The Escrow Agent makes no representation as to the validity, value, genuineness or sufficiency of the Shares.

Appears in 3 contracts

Samples: Escrow Agreement (MSC Software Corp), Agreement and Plan of Merger (Digital Insight Corp), Agreement and Plan of Merger (Digital Insight Corp)

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Limitations on Escrow Agent's Responsibility and Liability. 5.1(a(a) The Escrow Agent does not have any interest in the Shares but is serving as escrow holder only, having only possession thereof. The Escrow Agent makes no representation as to the validity, value, genuineness or sufficiency of the Shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Insight Corp)

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Limitations on Escrow Agent's Responsibility and Liability. 5.1(a) The Escrow Agent does not have any interest in the Shares Deposit and Interest but is serving as escrow holder only, having only possession thereof. The Escrow Agent makes no representation as to the validity, value, genuineness or sufficiency of the SharesDeposit. The Escrow Agent shall not be called upon to advise any party as to selling or retaining, or taking or refraining from taking any action with respect to, any securities or other property deposited hereunder.

Appears in 1 contract

Samples: License, Development and Commercialization Agreement (Guilford Pharmaceuticals Inc)

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