Common use of Errors or Omissions Clause in Contracts

Errors or Omissions. The Escrow Agent will not be liable for any act done or step taken or omitted by it in good faith or for anything which it may do or refrain from doing in connection with this Escrow Agreement, except for its own gross negligence or willful misconduct.

Appears in 4 contracts

Samples: Stock Escrow Agreement, Stock Purchase Agreement (Dean Health Systems Inc), Stock Escrow Agreement (Dean Health Systems Inc)

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Errors or Omissions. The Escrow Agent will shall not be liable for any error of judgment, or for any act done or step taken or omitted by it in good faith or for any mistake in fact or law, or for anything which it may do or refrain from doing in connection with this Escrow Agreement, except for its own gross negligence negligence, willful misconduct or willful misconductact of bad faith.

Appears in 1 contract

Samples: Escrow Agreement (Jakks Pacific Inc)

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