Common use of Escrow Agent's Responsibility Clause in Contracts

Escrow Agent's Responsibility. The parties agree to provide to the Escrow Agent all information necessary to facilitate the administration of this Agreement and the Escrow Agent may rely upon any representation so made. Nothing contained in this Agreement shall be construed to impose on the Escrow Agent the duties of trustee for any party hereto or to impose on the Escrow Agent any duties or obligations other than those for which there is an express provision herein. For all purposes connected herewith the Escrow Agent shall be entitled to assume that the parties hereto are fully authorized and empowered, without affecting the rights of any third parties, to appoint the Escrow Agent as the Escrow Agent in accordance with the terms and provisions hereof.