Joint Direction. Notwithstanding anything contained herein to the contrary, Purchaser and Sellers' Representative may jointly direct the Escrow Agent, in writing, to perform any action contemplated herein, and upon receipt of such joint direction, the Escrow Agent shall act in compliance therewith and have no liability to Purchaser, Sellers or any third party beneficiary for such act.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Kaydon Corp), Stock Purchase Agreement (Kaydon Corp)
Joint Direction. Notwithstanding anything contained herein to the contrary, Purchaser and Sellers' Representative Seller may jointly direct the Escrow Agent, in writing, to perform any action contemplated herein, and upon receipt of such joint direction, the Escrow Agent shall act in compliance therewith and have no liability to Purchaser, Sellers Seller or any third party beneficiary for such act.
Appears in 2 contracts
Samples: Real Estate Purchase Agreement (Kaydon Corp), Asset Purchase Agreement (Kaydon Corp)