Common use of Limitations on Liability of Escrow Agent Clause in Contracts

Limitations on Liability of Escrow Agent. The Escrow Agent shall not be liable in any respect on account of (A) the identity, authority or rights of the parties executing or delivering or purporting to execute or deliver this Agreement or any documents or papers deposited or called for hereunder; or (B) the expiration of any rights under any statute of limitations with respect to this Agreement or any documents deposited with the Escrow Agent.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Neomagic Corp), Asset Purchase Agreement (Neomagic Corp), Merger Agreement (New Focus Inc)

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Limitations on Liability of Escrow Agent. The Escrow Agent shall not be liable in any respect on account of (Aa) the identity, authority or rights of the parties executing or delivering or purporting to execute or deliver this Agreement or any documents or papers deposited or called for hereunder; or (Bb) the expiration of any rights under any statute of limitations with respect to this Agreement or any documents deposited with the Escrow Agent.

Appears in 1 contract

Samples: Merger Agreement (Sonicblue Inc)

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Limitations on Liability of Escrow Agent. The ---------------------------------------- Escrow Agent shall not be liable in any respect on account of (A) the identity, authority or rights of the parties executing or delivering or purporting to execute or deliver this Agreement or any documents or papers deposited or called for hereunder; or (B) the expiration of any rights under any statute of limitations with respect to this Agreement or any documents deposited with the Escrow Agent.

Appears in 1 contract

Samples: Investment Agreement (Portal Software Inc)

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