Common use of Protection of Escrow Agent Clause in Contracts

Protection of Escrow Agent. By way of supplement to the provisions of any law for the time being relating to trustees it is expressly declared and agreed as follows: (a) the Escrow Agent shall not be liable for or by reason of any statements of fact or recitals in this Agreement or in the Subscription Receipt Certificates (except the representation contained in Section 9.8 or in the certificate of the Escrow Agent on the Subscription Receipt Certificates) or be required to verify the same, but all such statements or recitals are and shall be deemed to be made by the Trust; (b) nothing herein contained shall impose any obligation on the Escrow Agent to see to or to require evidence of the registration or filing (or renewal thereof) of this Agreement or any instrument ancillary or supplemental hereto; (c) the Escrow Agent shall not be bound to give notice to any person or persons of the execution hereof; and (d) the Escrow Agent shall not incur any liability or responsibility whatever or be in any way responsible for the consequence of any breach on the part of the Trust of any of the covenants herein contained or of any acts of any Administrator, officers, employees, agents or servants of the Trust.

Appears in 3 contracts

Samples: Subscription Receipt Agreement (Paramount Energy Trust), Subscription Receipt Agreement (Canetic Resources Trust), Subscription Receipt Agreement (Canetic Resources Trust)

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Protection of Escrow Agent. By way of supplement to the provisions of any law for the time being relating to trustees trustees, it is expressly declared and agreed as follows: (a) the Escrow Agent shall not be liable for or by reason of any statements of fact or recitals in this Agreement or in the Subscription Receipt Certificates (except the representation contained in Section 9.8 or in the certificate of the Escrow Agent on the Subscription Receipt Certificates) or be required to verify the same, but all such statements or recitals are and shall be deemed to be made by the TrustCorporation; (b) nothing herein contained shall impose any obligation on the Escrow Agent to see to or to require evidence of the registration or filing (or renewal thereof) of this Agreement or any instrument ancillary or supplemental hereto; (c) the Escrow Agent shall not be bound to give notice to any person or persons Person of the execution hereof; and (d) the Escrow Agent shall not incur any liability or responsibility whatever or be in any way responsible for the consequence of any breach on the part of the Trust Corporation of any of the covenants herein contained or of any acts of any Administrator, officers, employees, agents or servants of the TrustCorporation.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Transcanada Corp)

Protection of Escrow Agent. By way of supplement to the provisions of any law for the time being relating to trustees trustees, it is expressly declared and agreed as follows: (a) the Escrow Agent shall not be liable for or by reason of any statements of fact or recitals in this Agreement or in the Subscription Receipt Certificates (except the representation contained in Section 9.8 or in the certificate of the Escrow Agent on the Subscription Receipt Certificates8.8) or be required to verify the same, but all such statements or recitals are and shall be deemed to be made by the TrustCorporation or the Agent, as applicable; (b) nothing herein contained shall impose any obligation on the Escrow Agent to see to or to require evidence of the registration or filing (or renewal thereof) of this Agreement or any instrument ancillary or supplemental hereto; (c) the Escrow Agent shall not be bound to give notice to any person or persons of the execution hereof; and (d) the Escrow Agent shall not incur any liability or responsibility whatever or be in any way responsible for the consequence of any breach on the part of the Trust Corporation of any of the covenants herein contained or of any acts of any Administratordirectors, officers, employees, agents or servants of the TrustCorporation.

Appears in 1 contract

Samples: Escrow and Custodial Agreement (Hollinger Inc)

Protection of Escrow Agent. By way of supplement to the provisions of any law for the time being relating to trustees it is expressly declared and agreed as follows: (a) the Escrow Agent shall not be liable for or by reason of any statements of fact or recitals in this Agreement or in the Subscription Receipt Certificates (except the representation contained in Section 9.8 or in the certificate of the Escrow Agent on the Subscription Receipt Certificates) or be required to verify the same, but all such statements or recitals are and shall be deemed to be made by the TrustMongoose; (b) nothing herein contained shall impose any obligation on the Escrow Agent to see to or to require evidence of the registration or filing (or renewal thereof) of this Agreement or any instrument ancillary or supplemental hereto; (c) the Escrow Agent shall not be bound to give notice to any person or persons of the execution hereof; and (da) the Escrow Agent shall not incur any liability or responsibility whatever or be in any way responsible for the consequence of any breach on the part of the Trust Mongoose of any of the covenants herein contained or of any acts of any Administrator, officers, employees, agents or servants of the TrustMongoose.

Appears in 1 contract

Samples: Subscription Receipt Agreement

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Protection of Escrow Agent. By way of supplement to the provisions of any law for the time being relating to trustees it is expressly declared and agreed as follows: (a) the Escrow Agent shall not be liable for or by reason of any statements of fact or recitals in this Agreement or in the Subscription Receipt Certificates (except the representation contained in Section 9.8 or in the certificate of the Escrow Agent on the Subscription Receipt Certificates) or be required to verify the same, but all such statements or recitals are and shall be deemed to be made by the Trust; (b) nothing herein contained shall impose any obligation on the Escrow Agent to see to or to require evidence of the registration or filing (or renewal thereof) of this Agreement or any instrument ancillary or supplemental hereto; (c) the Escrow Agent shall not be bound to give notice to any person or persons of the execution hereof; and (d) the Escrow Agent shall not incur any liability or responsibility whatever or be in any way responsible for the consequence of any breach on the part of the Trust of any of the covenants herein contained or of any acts of any Administrator, officers, employees, agents or servants of the TrustTrust or AOG.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Advantage Energy Income Fund)

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