Common use of Duty and Limitation on Liability of the Escrow Agent Clause in Contracts

Duty and Limitation on Liability of the Escrow Agent. (a) The Escrow Agent’s rights and responsibilities shall be governed solely by this Escrow Agreement. The Escrow Agent shall at all times comply with applicable securities or other laws in performing its duties pursuant to this Escrow Agreement provided the Escrow Agent shall be deemed in compliance with the foregoing and protected in relying upon the written direction of the Company and shall have no independent obligation to evaluate whether an act or omission complies with applicable securities or other laws. Neither the Offering documents, nor any other agreement or document shall govern the Escrow Agent even if such other agreement or document is referred to herein, is deposited with, or is otherwise known to, the Escrow Agent.

Appears in 14 contracts

Samples: Escrow Agreement (Apollo Infrastructure Co LLC), Escrow Agreement (IPC Alternative Real Estate Income Trust, Inc.), Escrow Agreement (EQT Exeter Real Estate Income Trust, Inc.)

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Duty and Limitation on Liability of the Escrow Agent. (a) The Escrow Agent’s rights and responsibilities shall be governed solely by this Escrow Agreement. The Escrow Agent shall at all times comply with applicable securities or other laws in performing its duties pursuant to this Escrow Agreement provided the Escrow Agent shall be deemed in compliance with the foregoing and protected in relying upon the written direction of the Company Fund and shall have no independent obligation to evaluate whether an act or omission complies with applicable securities or other laws. Neither the Offering documents, nor any other agreement or document shall govern the Escrow Agent even if such other agreement or document is referred to herein, is deposited with, or is otherwise known to, the Escrow Agent.

Appears in 5 contracts

Samples: Escrow Agreement (Apollo Debt Solutions BDC), Escrow Agreement (Apollo Debt Solutions BDC), Escrow Agreement (Blackstone Private Credit Fund)

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