ESCROW AGENT’S RESPONSIBILITIES Sample Clauses

ESCROW AGENT’S RESPONSIBILITIES. A. To receive and verify an unconditional and irrevocable confirmed contribution amount in the amount of $ made payable on behalf of Client/Managing Partner no later than (72) hours after receiving and confirming funds.
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ESCROW AGENT’S RESPONSIBILITIES. The Escrow Agent shall carry out the terms of this Agreement without personal liability and that upon completion of said terms, the Escrow Agent is hereby released from any further obligation, liability or responsibility to the Parties.
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ESCROW AGENT’S RESPONSIBILITIES. 4.4.1 The Escrow Agent shall be under no obligation to deliver any instrument or documents to a court or arbitrator or to take any legal action in connection with this Agreement or towards its enforcement, or to appear in, prosecute or defend any action or proceeding which, in the Escrow Agent's opinion, would or might involve it in any cost, expense, loss or liability unless, as often as the Escrow Agent may require, the Escrow Agent is furnished with security and indemnity reasonably satisfactory to it against all such costs, expenses, losses or liability.
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ESCROW AGENT’S RESPONSIBILITIES. Escrow Agent's sole responsibilities under this section 5 will be to (i) follow Buyer's instructions given pursuant to section 5.1, (ii) retain possession of certificate(s) and passbook(s) (except, however, Escrow Agent may surrender possession to the issuer for the purposes of affecting assignment, crediting of interest, reinvestment or reduction to Cash) and (iii) use reasonable best efforts to reduce, immediately before the Closing Date, the certificate(s) and the account(s) to Cash or, if Buyer so instructs Escrow Agent in writing, to release the same to Buyer in exchange for an equal Cash deposit with Escrow Agent. Buyer will use its reasonable best efforts to aid Escrow Agent in effecting the reduction to Cash.
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ESCROW AGENT’S RESPONSIBILITIES. (a) The Escrow Agent shall not be liable to anyone for any damages, losses or expenses which it may incur as a result of any act or omission of the Escrow Agent, unless such damages, losses or expenses are caused by the Escrow Agent's willful default or gross negligence. Accordingly, the Escrow Agent shall not incur any such liability with respect to (i) any action taken or omitted in good faith upon the advice of counsel or counsel for any other party hereto, given with respect to any question relating to the duties and responsibilities of the Escrow Agent under this Agreement, or (ii) any action taken or omitted in reliance upon any instrument, including execution, or the identity or authority of any person executing such instrument, its validity and effectiveness, but also as to the truth and accuracy of any information contained therein which the Escrow Agent shall in good faith believe to be genuine, to have been signed by a proper person or persons and to confirm to the provisions of this Agreement.
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ESCROW AGENT’S RESPONSIBILITIES. Escrow Agent shall distribute money out of the Escrow Account and the Glendale Escrow Account only upon its receipt of any of the following:
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ESCROW AGENT’S RESPONSIBILITIES. Escrow Agent’s sole responsibilities shall be for the acceptance and safekeeping, the investment and disbursement and the disposition of the Escrow Funds, all in accordance with the terms of this Agreement. Escrow Agent shall not be required to take any other actions with reference to any matters which might arise in connection with the Escrow Funds or this Escrow Agreement. Escrow Agent shall be entitled to rely upon the authorizations of Purchaser and/or Torrens (as required herein) and may act upon any such written instruction or other instruments which Escrow Agent in good faith believes to be genuine and what they purport to be. Escrow Agent shall not be liable for any actions taken by it in good faith and believed to be authorized or within the rights or powers conferred upon it by this Escrow Agreement or for any actions which Escrow Agent may take or refrain from taking in connection herewith, unless Escrow Agent is guilty of gross negligence or willful misconduct. Escrow Agent may consult with legal counsel of its choice, and shall have full and complete authorization and protection for any action taken or suffered by it hereunder in good faith and in accordance with the opinion of such counsel, except actions constituting gross negligence or willful misconduct. Escrow Agent has no duty to determine or inquire into any happening or occurrence or performance or failure of performance by Purchaser or Torrens or any other Person with respect to agreements or arrangements with each other or with any other Person.
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Related to ESCROW AGENT’S RESPONSIBILITIES

  • ALPS’ Responsibilities In connection with its performance of TA Web, ALPS shall:

  • Escrow Agent's Duties (i) The Escrow Agent shall be obligated only for the performance of such duties as are specifically set forth herein, and as set forth in any additional written escrow instructions which the Escrow Agent may receive after the date of this Agreement which are signed by an officer of Parent and the Securityholder Agent, and may rely and shall be protected in relying or refraining from acting on any instrument reasonably believed to be genuine and to have been signed or presented by the proper party or parties. The Escrow Agent shall not be liable for any act done or omitted hereunder as Escrow Agent while acting in good faith and in the exercise of reasonable judgment, and any act done or omitted pursuant to the advice of counsel shall be conclusive evidence of such good faith.

  • Owners Responsibilities 2.1. The Owner shall designate in writing a project coordinator to act as OWNER's representative with respect to the services to be rendered under this Agreement (hereinafter referred to as the "Project Coordinator"). The Project Coordinator shall have authority to transmit instructions, receive information, interpret and define OWNER's policies and decisions with respect to CONTRACTOR's services for the Project. However, the Project Coordinator is not authorized to issue any verbal or written orders or instructions to the CONTRACTOR that would have the effect, or be interpreted to have the effect, of modifying or changing in any way whatever:

  • Duties and Responsibilities of the Escrow Agent The Escrow Agent's duties and responsibilities shall be subject to the following terms and conditions:

  • Rights, Duties and Responsibilities of Escrow Agent It is understood and agreed that the duties of the Escrow Agent are purely ministerial in nature, and that:

  • Custodial Responsibilities ARTICLE IX

  • Rights and Responsibilities of Escrow Agent The acceptance by the Escrow Agent of its duties hereunder is subject to the following terms and conditions, which the parties to this Agreement hereby agree shall govern and control the Escrow Agent's rights, duties, liabilities and immunities.

  • Client Responsibilities You are responsible for (a) assessing each participants’ suitability for the Training, (b) enrollment in the appropriate course(s) and (c) your participants’ attendance at scheduled courses.

  • Other Responsibilities The Responsibility factors also take account of any responsibility the jobholder may have through the provision of advice and guidance on policies and procedures, research or the adaptation or development of existing or new policies and procedures. An assessment tool has been developed to help ensure that advisory, policy and similar ‘hands off’ responsibilities, such as research or democratic services, are correctly measured and allocated to the appropriate Responsibility factor. It is recommended that jobs are first evaluated on their ‘hands on’ responsibilities under each Responsibility factor and that an assessment is then made of the level of advisory/policy responsibilities and the factor to which it should be allocated.

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