Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties do hereby release Escrow Agent from any liability for any error or judgment or for any act done or omitted to be done by Escrow Agent in good faith performance of its duties hereunder and do each, jointly and severally, indemnify Escrow Agent against, and agree to hold harmless, save and defend Escrow Agent from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 13 contracts
Samples: Lump Sum Turnkey Agreement, Lump Sum Turnkey Agreement (Sabine Pass Liquefaction, LLC), Lump Sum Turnkey Agreement (Tellurian Inc. /De/)
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Purchaser do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Inland Residential Properties Trust, Inc.), Purchase and Sale Agreement (Steadfast Income REIT, Inc.), Purchase and Sale Agreement (Steadfast Income REIT, Inc.)
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Buyer do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Thinking Green), Purchase and Sale Agreement (Thinking Green), Purchase and Sale Agreement (Thinking Green)
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that . Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Purchaser do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Paladin Realty Income Properties Inc), Purchase and Sale Agreement (Paladin Realty Income Properties Inc)
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Purchaser do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc), Purchase and Sale Agreement (Digital Realty Trust, Inc.)
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Purchaser do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (American Industrial Properties Reit Inc)
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Buyer do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Inland Residential Properties Trust, Inc.)
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall will incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Purchaser do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that . Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller, the Company and Purchaser do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 1 contract
Samples: Membership Interest Purchase and Sale Agreement (Paladin Realty Income Properties Inc)
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall will incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Purchaser do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder xxxxxxxxx and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilities, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Exculpation of Escrow Agent. It is agreed that the duties of Escrow Agent are herein specifically provided and are purely ministerial in nature, and that Escrow Agent shall incur no liability whatsoever except for its willful misconduct or gross negligence, so long as Escrow Agent is acting in good faith. The Parties Seller and Purchaser do each hereby release Escrow Agent from any liability for any error or of judgment or for any act done or omitted to be done by Escrow Agent in the good faith performance of its duties hereunder and do each, jointly and severally, each hereby indemnify Escrow Agent against, and agree to hold harmlesshold, save save, and defend Escrow Agent harmless from, any costs, liabilitiesLIABILITIES, and expenses incurred by Escrow Agent in serving as Escrow Agent hereunder and in faithfully discharging its duties and obligations hereunder.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Post Apartment Homes Lp)