Common use of Escrow Agent's Liability Clause in Contracts

Escrow Agent's Liability. The Escrow Agent's obligations and duties in connection herewith are confined to those specifically enumerated in this Agreement. The Escrow Agent shall not be in any manner liable or responsible for the sufficiency, correctness, genuineness or validity of any instruments deposited with it or with reference to the form of execution thereof, or the identity, authority or rights of any person executing or depositing same, and the Escrow Agent shall not be liable for any loss that may occur by reason of forgery, false representation or the exercise of its discretion in any particular manner or for any other reason, except for its own negligence or willful misconduct.

Appears in 4 contracts

Samples: Escrow Agreement (Very Best of the Internet Com Inc), Escrow Agreement (Majestic Safe-T-Products LTD), Securities Proceeds Escrow Agreement (Carpartsonsale Com Inc)

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Escrow Agent's Liability. The Escrow Agent's escrow agent’s obligations and duties in connection herewith are confined to those specifically enumerated in this Agreementagreement. The Escrow Agent escrow agent shall not be in any manner liable or responsible for the sufficiency, correctness, genuineness genuineness, or validity of any instruments deposited with it or with reference to the form of execution thereof, or the identity, authority authority, or rights of any person executing or depositing same, and the Escrow Agent . The escrow agent shall not be liable for any loss that may occur by reason of forgery, false representation representation, or the exercise of its discretion in any particular manner or for any other reason, except for its own negligence or willful misconduct.

Appears in 2 contracts

Samples: Proceeds Escrow Agreement, Proceeds Escrow Agreement

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Escrow Agent's Liability. The Escrow Agentescrow agent's obligations and duties in connection herewith are confined to those specifically enumerated in this Agreementagreement. The Escrow Agent escrow agent shall not be in any manner liable or responsible for the sufficiency, correctness, genuineness genuineness, or validity of any instruments deposited with it or with reference to the form of execution thereof, or the identity, authority authority, or rights of any person executing or depositing same, and the Escrow Agent . The escrow agent shall not be liable for any loss that may occur by reason of forgery, false representation representation, or the exercise of its discretion in any particular manner or for any other reason, except for its own negligence or willful misconduct.

Appears in 1 contract

Samples: Stock Escrow Agreement

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