Common use of Degree of Care Clause in Contracts

Degree of Care. Escrow Agent will not be under any duty to give the Escrow Assets held by it hereunder any greater degree of care than it gives its own similar property and will not be required to invest any funds held hereunder except as directed in this Agreement.

Appears in 4 contracts

Samples: Escrow Agreement (Platinum Research Organization, Inc.), Escrow Agreement (Entest Biomedical, Inc.), Escrow Agreement (Entest Biomedical, Inc.)

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Degree of Care. The Escrow Agent will shall not be under any duty to give the Escrow Assets held by it hereunder Fund any greater degree of care than it gives its own similar property and will not be required to invest any funds held hereunder except as directed in this Agreementproperty.

Appears in 4 contracts

Samples: Escrow Agreement (Adelphia Communications Corp), Escrow Agreement (Adelphia Communications Corp), Escrow Agreement (Adelphia Communications Corp)

Degree of Care. Escrow Agent will not be under any duty to give the Escrow Assets Property held by it hereunder any greater degree of care than (but shall give at least the same degree of care that) it gives its own property held by it in similar property and will not be required to invest any funds held hereunder except as directed in this Agreementtransactions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Flowers Foods Inc)

Degree of Care. Escrow Agent will shall not be under any duty to give the Escrow Assets Fund held by it hereunder any greater degree of care than it gives its own similar property and will shall not be required to invest any funds held hereunder except as directed in this Agreement. Uninvested funds held hereunder shall not earn or accrue interest.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Halter Marine Group Inc)

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Degree of Care. Escrow Agent will shall not be under any duty to give the Escrow Assets Fund held by it hereunder any greater degree of care than it gives its own similar property and will shall not be required to invest any funds held hereunder except as directed in this Agreement. Uncollected funds held hereunder shall not earn or accrue interest.

Appears in 1 contract

Samples: Escrow Agreement (International Stem Cell CORP)

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