Common use of Administration of Escrow Clause in Contracts

Administration of Escrow. (a) So long as the Escrow Fund is held in escrow, it shall be invested and reinvested by the Escrow Agent solely in Investments, pursuant to written instructions signed by the Buyers and the Sellers. Neither the Escrow Agent, the Buyers, nor the Sellers shall be liable or responsible for any loss resulting from any investment or reinvestment made pursuant to this Section 7(a). All investments of the Escrow Fund shall be held by, or registered in the name of, Escrow Agent or its nominee.

Administration of Escrow. (a) So long as the Escrow Fund is held in escrow, it shall be invested and reinvested by the Escrow Agent solely in Investments, pursuant to written instructions signed by the Buyers Purchaser and the SellersSeller. Neither the Escrow Agent, the BuyersPurchaser, nor the Sellers Seller shall be liable or responsible for any loss resulting from any investment or reinvestment made pursuant to this Section 7(a3(a). All investments of the Escrow Fund shall be held by, or registered in the name of, Escrow Agent or its nominee.

Administration of Escrow. (a) So long as the Escrow Fund is held in escrow, it shall be invested and reinvested by the Escrow Agent solely in Investments, pursuant to written instructions signed by the Buyers Purchaser and the SellersSeller. Neither None of the Escrow Agent, the BuyersPurchaser, nor or the Sellers Seller shall be liable or responsible for any loss resulting from any investment or reinvestment made pursuant to this Section 7(a)3. All investments of the Escrow Fund shall be held by, or registered in the name of, the Escrow Agent or its nominee.