Common use of Reliance by Escrow Agent Clause in Contracts

Reliance by Escrow Agent. In the performance of its duties hereunder, Escrow Agent shall be entitled to rely upon any document, instrument or signature purporting to be genuine and purporting to be signed by and of the parties hereto or their successors unless Escrow Agent has actual knowledge to the contrary. Escrow Agent may assume that any person purporting to give any notice or instructions in accordance with the provisions hereof has been duly authorized to do so.

Reliance by Escrow Agent. In the performance of its duties hereunder, The Escrow Agent shall be entitled to rely upon any documentorder, judgment, certification, demand, notice, instrument or other writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity of the service thereof. The Escrow Agent may act in reliance upon any instrument or signature purporting believed by it to be genuine and purporting to be signed by and of the parties hereto or their successors unless Escrow Agent has actual knowledge to the contrary. Escrow Agent may assume that any person Person purporting to give receipt or advice or make any notice statement or instructions execute any document in accordance connection with the provisions hereof has been duly authorized to do so.