No Financial Obligation. Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in Escrow Agent's sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 23 contracts
Samples: Agreement and Plan of Merger (SCG Financial Acquisition Corp.), Escrow Agreement (SCG Financial Acquisition Corp.), Escrow Agreement (Water on Demand, Inc.)
No Financial Obligation. The Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in the Escrow Agent's sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 15 contracts
Samples: Escrow Agreement (Phoenix Motor Inc.), Escrow Agreement (Ebang International Holdings Inc.), Escrow Agreement (Erayak Power Solution Group Inc.)
No Financial Obligation. Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in Escrow Agent's ’s sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 13 contracts
Samples: Agreement and Plan of Merger (Lime Energy Co.), Asset Purchase Agreement (Cafepress Inc.), Escrow Agreement (MDB Capital Holdings, LLC)
No Financial Obligation. Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in the Escrow Agent's ’s sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Resmed Inc), Executive Employment Agreement (Infinite Group Inc), Indemnification Escrow Agreement (Esports Entertainment Group, Inc.)
No Financial Obligation. The Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in the Escrow Agent's ’s sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 4 contracts
Samples: Escrow Agreement (Webuy Global LTD), Service Agreement (GPB Holdings II, LP), Agreement and Plan of Merger (Sucampo Pharmaceuticals, Inc.)
No Financial Obligation. The Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in the Escrow Agent's sole and absolute ’s reasonable judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute reasonable discretion, to be satisfactory.
Appears in 2 contracts
Samples: Escrow Agreement (Pacific DataVision, Inc.), Escrow Agreement (Pacific DataVision, Inc.)
No Financial Obligation. Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, powers and shall not be required to take any action (other than the actions expressly contemplated by this Escrow Agreement) which, in Escrow Agent's ’s sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 2 contracts
Samples: Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.), Contribution Agreement (Phillips Edison Grocery Center Reit I, Inc.)
No Financial Obligation. Escrow Agent shall not be required to use or risk its own funds or otherwise incur any financial liability in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in the Escrow Agent's ’s sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory..
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Battalion Oil Corp), Agreement and Plan of Merger (Battalion Oil Corp)
No Financial Obligation. The Escrow Agent shall not be required by any provision of this Escrow Agreement to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required by any provision of this Escrow Agreement to take any action which, in the Escrow Agent's ’s sole and absolute judgment, could involve it in require the Escrow Agent to incur an expense or financial liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 1 contract
Samples: Escrow Agreement (Seaspan CORP)
No Financial Obligation. Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in Escrow Agent's sole and absolute reasonable judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute reasonable discretion, to be satisfactory.
Appears in 1 contract
Samples: Escrow Agreement (Harte Hanks Inc)
No Financial Obligation. The Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powerspowers under this Escrow Agreement, and shall not be required to take any action which, in the Escrow Agent's ’s sole and absolute judgment, could involve subject it in to expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 1 contract
Samples: Asset Purchase Agreement (AquaBounty Technologies, Inc.)
No Financial Obligation. Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in Escrow Agent's sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.. RAD Diversified/Entoro/Piermont Bank Escrow Agreement 9
Appears in 1 contract
No Financial Obligation. The Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required require to take any action which, in the Escrow Agent's sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 1 contract
Samples: Escrow Agreement (Nii Holdings Inc)
No Financial Obligation. Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powerspowers (other than in connection with the performance of the services set forth on Exhibit C), and shall not be required to take any action (other than the actions expressly contemplated by this Escrow Agreement) which, in Escrow Agent's ’s sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.
Appears in 1 contract
Samples: Agreement and Plan of Merger (United Rentals North America Inc)
