Common use of Scope of Undertaking Clause in Contracts

Scope of Undertaking. The Escrow Agent shall have no responsibility -------------------- or obligation of any kind in connection with this Agreement and the Escrow Fund, and shall not be required to deliver the same or any part thereof or take any action with respect to any matters that might arise in connection therewith, other than to receive, hold, and make delivery of the Escrow Fund as herein expressly provided or by reason of a judgment or order of a court of competent jurisdiction.

Appears in 8 contracts

Samples: Non Competition Agreement (Mac-Gray Corp), Non Competition Agreement (Mac-Gray Corp), Escrow Agreement (Merkert American Corp)

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Scope of Undertaking. The Escrow Agent shall have no responsibility -------------------- or obligation of any kind in connection with this Agreement and the Escrow FundEscrowed Shares, and shall not be required to deliver the same or any part thereof or take any action with respect to any matters that might arise in connection therewith, other than to receive, hold, and make delivery of the Escrow Fund Escrowed Shares as herein expressly provided or by reason of a judgment or order of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Indemnification Escrow Agreement (Monroe Inc), Escrow Agreement (Mac-Gray Corp)

Scope of Undertaking. The Escrow Agent shall have no responsibility -------------------- or obligation of any kind in connection with this Agreement and the Escrow Fund, and shall not be required to deliver the same or any part thereof or take any action with respect to any matters that might arise in connection therewith, other than to receive, hold, and make delivery of the Escrow Fund as herein expressly provided herein or by reason of a judgment or order of a court of competent jurisdiction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wj Communications Inc)

Scope of Undertaking. The Escrow Agent shall have no responsibility -------------------- or obligation of any kind in connection with this Agreement Agreement, the Xxxxxxx Escrow Fund, the General Escrow Fund and the Escrow FundEscrowed Shares, and shall not be required to deliver the same or any part thereof or take any action with respect to any matters that might arise in connection therewith, other than to receive, hold, and make delivery of the Xxxxxxx Escrow Fund, the General Escrow Fund and the Escrowed Shares, as herein expressly provided or by reason of a judgment or order of a court of competent jurisdiction.

Appears in 1 contract

Samples: Stock Purchase Agreement (Merkert American Corp)

Scope of Undertaking. The Escrow Agent's duties and responsibilities shall be limited to those expressly set forth in this Agreement. Escrow Agent shall have no responsibility -------------------- or obligation of any kind in connection with this Agreement and Agreement, the Escrow FundAccount or the Deposit, and shall not be required to deliver the same or any part thereof or take any action with respect to any matters that might arise in connection therewith, other than to receive, hold, hold and make delivery deliver the Deposit as herein provided. Escrow Agent shall have no obligation to anyone to invest any of the Escrow Fund as herein expressly provided Deposit or by reason of a judgment or order of a court of competent jurisdictionto pay interest thereon.

Appears in 1 contract

Samples: Escrow Agreement (Nathaniel Energy)

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Scope of Undertaking. The Escrow Agent shall have no responsibility -------------------- or obligation of any kind in connection with this Agreement and the Escrow Fund, and shall not be required to deliver the same or any part thereof or take any action with respect to any matters that might arise in connection therewith, other than to receive, hold, and make delivery of the Escrow Fund as herein expressly provided herein or by reason of a judgment or order of a court of competent jurisdiction.

Appears in 1 contract

Samples: Escrow Agreement

Scope of Undertaking. The Escrow Agent shall have no responsibility -------------------- or obligation of any kind in connection with this Agreement and the Escrow FundShares, and shall not be required to deliver the same or any part thereof or take any action with respect to any matters that might arise in connection therewith, other than (i) to receive, hold, and make delivery of the Escrow Fund Shares as herein expressly provided or by reason of a judgment or order of a court of competent jurisdictionjurisdiction and (ii) as contemplated by Sections 2.1 and 2.2.

Appears in 1 contract

Samples: Escrow Agreement (Markland Technologies Inc)

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