Compliance with Court Orders. Seller and Purchaser hereby acknowledge that Escrow Agent may accept, obey and comply with any and all writs, orders, judgments or decrees issued or entered by any court with or without jurisdiction (a “Court Order”), in which case, notwithstanding anything to the contrary in this Agreement, Escrow Agent shall not be liable to Seller or Purchaser by reason of such acceptance, obedience or compliance, regardless of whether such Court Order is subsequently reversed, modified, annulled, set aside or vacated.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Apple Hospitality REIT, Inc.), Purchase and Sale Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.), Purchase and Sale Agreement (Carey Watermark Investors Inc)
Compliance with Court Orders. Seller Parent and Purchaser Buyers hereby acknowledge that Escrow Agent may accept, obey and comply with any and all writs, orders, judgments or decrees issued or entered by any court with or without jurisdiction (a “Court Order”), in which case, notwithstanding anything to the contrary in this Agreement, Escrow Agent shall not be liable to Seller Parent or Purchaser Buyers by reason of such acceptance, obedience or compliance, regardless of whether such Court Order is subsequently reversed, modified, annulled, set aside or vacated.
Appears in 1 contract
Samples: Asset Purchase Agreement (Inland American Real Estate Trust, Inc.)
Compliance with Court Orders. Seller and Purchaser Buyer hereby acknowledge that Escrow Agent may accept, obey and comply with any and all writs, orders, judgments or decrees issued or entered by any court with or without jurisdiction (a “Court Order”), in which case, notwithstanding anything to the contrary in this Agreement, Escrow Agent shall not be liable to Seller or Purchaser Buyer by reason of such acceptance, obedience or compliance, regardless of whether such Court Order is subsequently reversed, modified, annulled, set aside or vacated.
Appears in 1 contract
Samples: Equity Interest Purchase Agreement (Inland American Real Estate Trust, Inc.)