Not a Trustee. The Escrow Agent accepts its duties and responsibilities under this Agreement, as agent for the Escrowed Shares solely as custodian, bailee and agent. The Parties acknowledge and agree that no trust is intended to be, or is or will be, created by this Agreement and the Escrow Agent shall owe no duties under this agreement as a trustee.
Appears in 3 contracts
Sources: Shareholder Agreement, Shareholder Agreement, Shareholder Agreement
Not a Trustee. The Escrow Agent accepts its duties and responsibilities under this Agreement, as agent for and the Escrowed Shares and any share certificates or other evidence of the Escrowed Shares, solely as a custodian, bailee and agent. The Parties acknowledge and agree that no No trust is intended to be, or is or will be, created by this Agreement hereby and the Escrow Agent shall owe no duties under this agreement hereunder as a trustee.
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