Common use of Exculpation and Indemnification of Escrow Agent and Administrator Clause in Contracts

Exculpation and Indemnification of Escrow Agent and Administrator. 9.1. The Escrow Agent and the Administrator shall have no duties or responsibilities other than those expressly set forth herein. The Escrow Agent and the Administrator shall have no duty to enforce any obligation of any person to make any payment or delivery, or to direct or cause any payment or delivery to be made, or to enforce any obligation of any person to perform any other act. The Escrow Agent and the Administrator shall be under no liability to the other parties hereto or to anyone else by reason of any failure on the part of any party hereto or any maker, guarantor, endorser or other signatory of any document or any other person to perform such person's obligations under such document. Except for amendments to this Agreement referred to below, and except for instructions given to the Escrow Agent or the Administrator by the Company and the subscribers relating to the Escrow Account, the Escrow Agent or the Administrator, as applicable, shall not be obligated to recognize any agreement between any and all of the persons referred to herein, notwithstanding that references thereto may be made herein and whether or not it has knowledge thereof.