Degree of Care. The Escrow Agent shall not be under any duty to give the Escrow Fund any greater degree of care than it gives its own similar property.
Appears in 4 contracts
Samples: Escrow Agreement (Adelphia Communications Corp), Escrow Agreement (Adelphia Communications Corp), Escrow Agreement (Adelphia Communications Corp)
Degree of Care. The Escrow Agent shall will not be under any duty to give the Escrow Fund Assets held by it hereunder any greater degree of care than it gives its own similar propertyproperty and will not be required to invest any funds held hereunder except as directed in this Agreement.
Appears in 4 contracts
Samples: Escrow Agreement (Platinum Research Organization, Inc.), Escrow Agreement (Entest Biomedical, Inc.), Escrow Agreement (Entest Biomedical, Inc.)
Degree of Care. The Escrow Agent shall will not be under any duty to give the Escrow Fund Property held by it hereunder any greater degree of care than (but shall give at least the same degree of care that) it gives its own property held by it in similar propertytransactions.
Appears in 1 contract
Degree of Care. The Escrow Agent shall not be under any duty to give the Escrow Fund held by it hereunder any greater degree of care than it gives its own similar propertyproperty and shall not be required to invest any funds held hereunder except as directed in this Agreement. Uncollected funds held hereunder shall not earn or accrue interest.
Appears in 1 contract
Degree of Care. The Escrow Agent shall not be under any duty to give the Escrow Fund held by it hereunder any greater degree of care than it gives its own similar propertyproperty and shall not be required to invest any funds held hereunder except as directed in this Agreement. Uninvested funds held hereunder shall not earn or accrue interest.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Halter Marine Group Inc)
