Attorneys and Agents. The Escrow Agent shall be entitled to rely on and shall not be liable for any action taken or omitted to be taken in good faith by the Escrow Agent in reliance upon the advice of counsel retained or consulted by the Escrow Agent at the expense of the Companies in accordance with Section 8(d) hereof. In no event shall the Escrow Agent be liable for an amount in excess of the value of the Escrowed Property.
Appears in 2 contracts
Samples: Term Loan Agreement (Safeway Stores 42, Inc.), Term Loan Agreement (Albertsons Companies, Inc.)
Attorneys and Agents. The Escrow Agent shall be entitled to rely on and shall not be liable for any action taken or omitted to be taken in good faith by the Escrow Agent in reliance upon accordance with the advice of counsel or other professionals retained or consulted by the Escrow Agent at the expense of the Companies in accordance with Section 8(d) hereof. In no event shall the Escrow Agent be liable for an amount in excess of the value of the Escrowed PropertyAgent.
Appears in 1 contract
Samples: Escrow Agreement (Alfacell Corp)
Attorneys and Agents. The Escrow Agent shall be entitled to rely on and shall not be liable for any action taken or omitted to be taken in good faith by the Escrow Agent in reliance upon good faith in accordance with the advice of counsel or other professionals retained or consulted by the Escrow Agent at the expense of the Companies in accordance with Section 8(d) hereofAgent. In no event shall the The Escrow Agent shall be liable reimbursed as set forth in Section 5(b) for an amount in excess of the value of the Escrowed Propertyany and all compensation (fees, expenses and other costs) paid and/or reimbursed to such counsel and/or professionals.
Appears in 1 contract