Common use of Escrow Agent Liability Clause in Contracts

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.

Appears in 2 contracts

Samples: Restricted Shares Purchase Agreement, Restricted Shares Purchase Agreement (ALPHA & OMEGA SEMICONDUCTOR LTD)

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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 's own good judgment and any act done or omitted by the Escrow Agent pursuant to the advice of the Escrow Agent’s '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.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Intervideo Inc)

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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 's own good judgment judgement and any act done or omitted by the Escrow Agent pursuant to the advice of the Escrow Agent’s '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 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.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Chaparral Network Storage Inc)

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