Common use of Sole Liability Clause in Contracts

Sole Liability. Escrow Agent assumes no liability under this Agreement except that of a stake holder. If there is any dispute as to whether Escrow Agent is obligated to deliver the Deposit, or as to whom that Deposit is to be delivered, Escrow Agent will not be obligated to make any delivery thereof, but in such event shall hold the Deposit until receipt by Escrow Agent of any authorization in writing signed by all of the persons having any interest in such dispute, directing the disposition thereof, or in the absence of such authorization, Escrow Agent shall hold the Deposit until the final determination of the rights of the parties in an appropriate proceeding. If such written authorization is not given, or proceedings for such determination are not begun and diligently continued, Escrow Agent may, but is not required to, bring an appropriate action or proceeding for leave to deposit the Deposit into the Registry of Court pending such determination. In making delivery of the Deposit in the manner provided for in this Agreement, Escrow Agent shall have no further liability in the matter. Escrow Agent shall not be liable for loss of the Deposit due to the failure of any financial institution in which the Deposit is placed so long as Escrow Agent places the Deposit in a federally insured financial institution acceptable to Purchaser and Seller in their sole discretion.

Sole Liability. Escrow Agent assumes no liability under this Agreement hereunder except that of a stake holderstakeholder. If there is any dispute as to whether Escrow Agent is obligated to deliver the Deposit, or as to whom that the Deposit is to be delivered, Escrow Agent will not be obligated to make any delivery thereofof the Deposit, but in such event shall may hold the Deposit until receipt by Escrow ▇▇▇▇▇▇ Agent of any an authorization in writing signed by all of the persons having any an interest in such dispute, directing the disposition thereofof the sum, or in the absence of such authorization, Escrow Agent shall may hold the Deposit until the final determination of the rights of the parties in an appropriate proceeding. If such written authorization is not given, or proceedings for such determination are not begun and diligently continued, Escrow Agent may, but is not required torequired, to bring an appropriate action or proceeding for leave to deposit place the Deposit into with the Registry of Court court, pending such determination. In making Once Escrow Agent has tendered into the registry or custody of any court of competent jurisdiction all money and/or property in its possession under this Agreement or has made delivery of the Deposit in the any other manner provided for in this Agreementherein, Escrow Agent shall be discharged from all duties and shall have no further liability in the matterhereunder as Escrow Agent. Escrow Agent shall not be liable for loss entitled to represent Buyer in any and all such proceedings. Seller acknowledges that Escrow Agent is the law firm which has represented Buyer in connection with this transaction and Seller consents to such continued representation, including representation of Buyer in any dispute which may arise in connection with this Agreement, the transaction contemplated hereby, or matters related to any of the Deposit due to the failure of any financial institution in which the Deposit is placed so long as Escrow Agent places the Deposit in a federally insured financial institution acceptable to Purchaser and Seller in their sole discretionforegoing.