Common use of Escrow Agent’s Duties and Liabilities Clause in Contracts

Escrow Agent’s Duties and Liabilities. 5.1. The Escrow Agent shall have only those duties, obligations and responsibilities expressly referred to in this Escrow Agreement and no duties, obligations or responsibilities whatsoever shall be inferred or implied against the Escrow Agent. It is understood that the Escrow Agent's only duties and responsibilities shall be to accept funds deposited with it in accordance with this Escrow Agreement and to hold, release and transfer the aggregate Subscription Price in accordance with this Escrow Agreement.

Escrow Agent’s Duties and Liabilities. 5.1. 2.1 The Escrow Agent shall have only those duties, obligations and responsibilities clearly and expressly referred to set out in this Escrow Agreement and no duties, obligations or responsibilities whatsoever shall be inferred or implied against the Escrow Agent. It is understood that the Escrow Agent's ’s only duties and responsibilities shall be to accept funds the Escrow Moneys deposited with it in accordance with this Agreement, to hold and release the Escrow Agreement and to hold, release and transfer the aggregate Subscription Price Moneys in accordance with this Escrow Agreement.