Common use of Escrow Agent Not Liable Clause in Contracts

Escrow Agent Not Liable. The Escrow Agent, in the performance of its duties hereunder, shall not be liable or responsible for any action taken or omitted to be taken hereunder in good faith as herein provided, except for its own willful misconduct or gross negligence.

Appears in 3 contracts

Samples: Escrow Agreement, Escrow Agreement (Universal American Corp.), Escrow Agreement (Ascent Media CORP)

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Escrow Agent Not Liable. The Escrow Agent, in the performance of its duties hereunder, shall not be liable or responsible for any action taken authorization or omitted to be taken hereunder in good faith as herein provided, except for its own willful misconduct misconduct, recklessness, or gross negligencenegligence and except as provided in Section 14.6 of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Callaway Golf Co /Ca)

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Escrow Agent Not Liable. The Escrow Agent, in the performance of its duties hereunder, shall not be liable or responsible for any action taken authorization or omitted to be taken hereunder in good faith as herein provided, except for its own willful misconduct misconduct, recklessness, or gross negligencenegligence and except as provided in Section 13.6 of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Callaway Golf Co /Ca)

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