Escrow Agent Liability. The liability of the Escrow Agent shall be limited as provided in the Escrow Agreement.
Escrow Agent Liability. The Escrow Agent shall not be personally liable for any act that it may do or omit to do hereunder in good faith and in the exercise of its own best judgment. Any act done or omitted by the Escrow Agent in the absence of gross negligence or willful misconduct shall be deemed conclusively to have been performed or omitted in good faith by the Escrow Agent. The Escrow Agent shall not be held liable for any losses that may occur as the result of the investment or reinvestment of the Escrow Fund.
Escrow Agent Liability. The Escrow Agent shall not be personally liable for any act the Escrow Agent may do or omit to do hereunder as the Escrow Agent or attorney-in-fact for Purchaser while acting in good faith and in the exercise of the Escrow Agent’s own good judgment and any act done or omitted by the Escrow Agent pursuant to the advice of the Escrow Agent’s own attorneys shall be conclusive evidence of such good faith. The Escrow Agent shall not be liable in any respect on account of the identities, authorities or rights of the parties executing or delivering or purporting to execute or deliver this Agreement or any documents or papers deposited or called for hereunder. The Escrow Agent shall not be liable for the termination of any rights under any applicable statute of limitations with respect to the provisions of this Section 4 or any documents deposited with the Escrow Agent.
Escrow Agent Liability. The Escrow Agent shall not be liable for anything which it may do or refrain from doing in good faith in connection with this Escrow Agreement, except its own gross negligence or willful misconduct.
Escrow Agent Liability. The Parties agree that the following provisions shall control with respect to the rights, duties, liabilities, privileges and immunities of the Escrow Agent:
Escrow Agent Liability. (a) The Escrow Agent shall not be liable to any party for any of his or its acts or omissions to act, as the Escrow Agent, unless the Escrow Agent is proved to have acted in bad faith. Any act done or omitted pursuant to the advice of legal counsel, other than an act or omission involving gross or willful negligence, shall be deemed to be done or omitted in good faith.
Escrow Agent Liability. The Parties agree that the Escrow Agent shall have no obligation or liability hereunder except as a depositary to retain the Escrow Funds and Escrow Documents and to disburse the same in accordance with the terms hereof. The Escrow Agent shall be entitled to rely and act upon any written instrument received by it, and if a limited liability company, purporting to be executed by a manager, and shall not be required to inquire into the authority of such manager or the correctness of the facts stated in said instrument. Upon disposition by the Escrow Agent, in accordance with the terms hereof, of the Escrow Funds and Escrow Documents, the Escrow Agent shall be fully and finally released and discharged from any and all duties, obligations and liabilities hereunder.
Escrow Agent Liability. The Parties agree that the Escrow Agent shall have no obligation or liability hereunder except as a depositary to retain the City Contribution and Escrow Documents and to disburse the same in accordance with the terms hereof. The Escrow Agent shall be entitled to rely and act upon any written instrument received by it, and if a limited liability company, purporting to be executed by a manager, and shall not be required to inquire into the authority of such manager or the correctness of the facts stated in said instrument. Upon disposition by the Escrow Agent, in accordance with the terms hereof, of the City Contribution and Escrow Documents, the Escrow Agent shall be fully and finally released and discharged from any and all duties, obligations and liabilities hereunder.
Escrow Agent Liability. The following provisions shall control with respect to the rights, duties, liabilities, privileges and immunities of Escrow Agent:
Escrow Agent Liability. The Escrow Agent shall not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of the Escrow Agent (including, but not limited to, any act or provision of any present or future law or regulation or governmental authority, any act of God or war, or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility).
