Common use of Escrow Agent Liability Clause in Contracts

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 that which 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 and its partners, officers and employees shall not be personally liable for any act that which it may do or omit to do hereunder in good faith and or for any mistake of fact or law for any action it may take or refrain from taking in the exercise connection herewith unless caused by or arising out 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 Agentmisconduct. 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 FundFund in accordance with Section 3 above.