Common use of Escrow Agent's Liability Clause in Contracts

Escrow Agent's Liability. 10.1 Escrow Agent shall not be liable for loss caused to the Owner or the Licensee either jointly or severally except for loss or damage to the Material to the extent that such loss or damage is caused by the negligent acts or omissions of Escrow Agent, its employees, agents or sub-contractors and in such event Escrow Agent's total liability in respect of all claims arising under or by virtue of this Agreement shall not (except in the case of claims for personal injury or death) exceed the sum of Pound Sterling 500,000.

Escrow Agent's Liability. 10.1 Escrow Agent shall not be liable for loss caused to the Owner or the Licensee either jointly or severally except for loss or damage to the Material to the extent that such loss or damage is caused by the negligent acts or omissions of Escrow Agent, its employees, agents or sub-contractors and in such event Escrow Agent's total liability in respect of all claims arising under or by virtue of this Agreement shall not (except in the case of claims for personal injury or death) exceed the sum of Pound Sterling 500,000(pound)500,000.