Common use of Escrow Agent's Liability Clause in Contracts

Escrow Agent's Liability. The escrow agent’s obligations and duties are confined to those enumerated in this agreement. The escrow agent shall not be 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. 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 2 contracts

Samples: Proceeds Escrow Agreement, Proceeds Escrow Agreement

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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 enumerated specifically stated in this agreementthe Agreement. The escrow agent 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. The escrow agent 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 reasonoccur, except for its own negligence or willful misconduct.

Appears in 1 contract

Samples: Stock Escrow Agreement (Tullys Coffee Corp)

Escrow Agent's Liability. The escrow agent’s 's obligations and duties in connection herewith are confined to those enumerated in this agreement. The escrow agent shall not be 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. 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 1 contract

Samples: Stock Escrow Agreement

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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 enumerated specifically stated 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 or 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. The escrow agent Escrow Agent shall not be liable for any loss that loss, which may occur by reason of forgery, false representation, or the exercise of its discretion in any particular manner or for any other reasonoccur, except for its own negligence or willful misconduct.

Appears in 1 contract

Samples: Stock Purchase Agreement (Omni Doors Inc)

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