Common use of Duties of the Escrow Agent Clause in Contracts

Duties of the Escrow Agent. (a) The duties and obligations of the Escrow Agent, in its capacity as such, shall be determined solely by the express provisions of this Agreement and the Escrow Agent shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Agreement. The Escrow Agent shall not be bound in any way by any other agreement or contract among any of the parties (whether or not the Escrow Agent has knowledge thereof).

Appears in 2 contracts

Samples: Escrow Agreement (Alltrista Corp), Long Term Escrow Agreement (Alltrista Corp)

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Duties of the Escrow Agent. (a) The duties and obligations responsibilities of the Escrow Agent, in its capacity as such, Agent hereunder shall be determined solely by the express provisions of this Agreement and the Escrow Agent shall not be liable except for the performance of such duties and obligations as are specifically limited to those expressly set forth in this Escrow Agreement. The , and Escrow Agent shall not be bound in any way by any other contract or agreement between Purchaser or contract among any of the parties (Seller, whether or not the Escrow Agent has knowledge thereof)of any such contract or agreement or terms or conditions thereof except for the applicable sections of the Purchase Agreement specifically referenced in this Escrow Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Summit Brokerage Services Inc / Fl), Escrow Agreement (Parker Richard)

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Duties of the Escrow Agent. (a) The duties and obligations responsibilities of the Escrow Agent, in its capacity as such, Agent hereunder shall be determined solely by the express provisions of this Agreement and the Escrow Agent shall not be liable except for the performance of such duties and obligations as are specifically limited to those expressly set forth in this Escrow Agreement. The , and Escrow Agent shall not be bound in any way by any other contract or agreement or contract among any of between IDG and the parties (Selling Stockholders, whether or not the Escrow Agent has knowledge of any such contract or agreement or terms or conditions thereof).

Appears in 1 contract

Samples: Form of Escrow Agreement (Industrial Distribution Group Inc)

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