Common use of Concerning Escrow Agent Clause in Contracts

Concerning Escrow Agent. Except as otherwise provided herein, the Escrow Agent may accept and act upon instructions from the Depository or the Public Depositor which the Escrow Agent believes to be genuine, given in person, by telephone, or by other means of communication. Correspondence deemed to be genuine which is delivered by fax transmittal may satisfy any requirement of a written notice or authorization. The Public Depositor and the Depository agree that they will not seek to hold the Escrow Agent liable for risk of loss caused in connection with the performance of its duties hereunder except for Xxxxxx Agent’s own negligence or willful misconduct. The Custodian’s duties shall be determined only with reference to this Agreement and the Public Deposits Act, and the Custodian is not charged with knowledge or any duties or responsibilities in connection with any other document or agreement.

Appears in 2 contracts

Samples: Escrow Agent Agreement, Escrow Agent Agreement

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Concerning Escrow Agent. Except as otherwise provided herein, the Escrow Agent may accept and act upon instructions from the Depository or the Public Depositor State Treasurer which the Escrow Agent believes to be genuine, given in person, by telephone, or by other means of communication. Correspondence deemed to be genuine which is delivered by fax transmittal may satisfy any requirement of a written notice or authorization. The Public Depositor and the Depository agree that they will not seek to hold the Escrow Agent liable for risk of loss caused in connection with the performance of its duties hereunder except for Xxxxxx Escrow Agent’s own negligence or willful misconduct. The Custodian’s duties shall be determined only with reference to this Agreement and the Public Deposits Act, and the Custodian is not charged with knowledge or any duties or responsibilities in connection with any other document or agreement.

Appears in 1 contract

Samples: Escrow Agent Agreement

Concerning Escrow Agent. Except as otherwise provided herein, the Escrow Agent may accept and act upon instructions from the Depository or the Public Depositor which the Escrow Agent believes to be genuine, given in person, by telephone, or by other means of communication. Correspondence deemed to be genuine which is delivered by fax transmittal may satisfy any requirement of a written notice or authorization. The Public Depositor and the Depository agree that they will not seek to hold the Escrow Agent liable for risk of loss caused in connection with the performance of its duties hereunder except for Xxxxxx Escrow Agent’s own negligence or willful misconduct. The Custodian’s duties shall be determined only with reference to this Agreement and the Public Deposits Act, and the Custodian is not charged with knowledge or any duties or responsibilities in connection with any other document or agreement.

Appears in 1 contract

Samples: Escrow Agent Agreement

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Concerning Escrow Agent. Except as otherwise provided herein, the Escrow Agent may accept and act upon instructions from the Depository or the Public Depositor State Treasurer which the Escrow Agent believes to be genuine, given in person, by telephone, or by other means of communication. Correspondence deemed to be genuine which is delivered by fax transmittal may satisfy any requirement of a written notice or authorization. The Public Depositor and the Depository agree that they will not seek to hold the Escrow Agent liable for risk of loss caused in connection with the performance of its duties hereunder except for Xxxxxx Agent’s own negligence or willful misconduct. The Custodian’s duties shall be determined only with reference to this Agreement and the Public Deposits Act, and the Custodian is not charged with knowledge or any duties or responsibilities in connection with any other document or agreement.

Appears in 1 contract

Samples: Escrow Agent Agreement

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