Common use of Disclaimer with respect to Escrow Property Clause in Contracts

Disclaimer with respect to Escrow Property. The Escrow Agent will not be responsible in any respect for the form, execution, validity, value or genuineness of documents or securities deposited into escrow or held hereunder, or for any description therein, or for the identity, authority or rights of persons executing or delivering or purporting to execute or deliver any such document, security or endorsement. The Escrow Agent makes no representation as to the validity, value, genuineness or the collectability of any security or other document or instrument held by or delivered to it. The Escrow Agent will not be called upon to advise any party as to the wisdom in selling or retaining or taking or refraining from any action with respect to any securities or other property deposited hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Altice USA, Inc.), Credit Agreement (CSC Holdings LLC), Escrow and Security Agreement (Energizer SpinCo, Inc.)

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