Actions by Others. The Escrow Agent shall have no more or less ----------------- responsibility or liability on account of any action or omission of any book- entry depository, securities intermediary or other sub-escrow agent employed by the Escrow Agent than any such book-entry depository, securities intermediary or other sub-escrow agent has to the Escrow Agent, except to the extent that such action or omission of any book-entry depository, securities intermediary or other sub-escrow agent was caused by the Escrow Agent's own gross negligence, bad faith or willful misconduct in breach of this Agreement.
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Samples: Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De)
Actions by Others. The Escrow Agent shall have no more or less ----------------- responsibility or liability on account of any action or omission of any book- entry depository, securities intermediary or other sub-escrow agent employed by the Escrow Agent than any such book-entry depository, securities intermediary or other sub-escrow agent has to the Escrow Agent, except to the extent that such action or omission of any book-entry depository, securities intermediary or other sub-escrow agent was caused by the Escrow Agent's own gross negligence, bad faith or willful misconduct in breach of this Agreement.
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