Common use of Reliance on Documents and Experts Clause in Contracts

Reliance on Documents and Experts. The Escrow Agent shall be entitled to rely upon any notice, consent, certificate, affidavit, statement, paper, document, writing or communication (collectively, the "Certificate") (which to the extent permitted hereunder may be by telegram, cable, telex, telecopier, or telephone) reasonably believed by it to be genuine and to have been signed, sent or made by the proper person or persons, and upon opinions and advice of legal counsel (including itself or counsel for any party hereto), independent public accountants and other experts selected by the Escrow Agent and mutually acceptable to each of the Company and the Purchasers. The Escrow Agent shall not be responsible to review the Certificate other than to confirm that it has been signed or to determine the clearance of checks received for the Escrow Amount.

Appears in 2 contracts

Samples: Escrow Agreement (Vertex Interactive Inc), Escrow Agreement (Vertex Interactive Inc)

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Reliance on Documents and Experts. The Escrow Agent shall be entitled to rely upon any notice, consent, certificate, affidavit, statement, paper, document, writing or communication (collectively, the "Certificate") (which to the extent permitted hereunder may be by telegram, cable, telex, telecopier, or telephone) reasonably believed by it to be genuine and to have been signed, sent or made by the proper person or persons, and upon opinions and advice of legal counsel (including itself or counsel for any party hereto), independent public accountants and other experts selected by the Escrow Agent and mutually acceptable to each of the Company and the PurchasersInvestor. The If the Shares are evidenced by stock certificates, the Escrow Agent shall not be responsible to review the Certificate stock certificates representing the Shares other than to confirm that it has been signed or to determine the clearance of checks received for the Escrow Amountsigned.

Appears in 2 contracts

Samples: Escrow Agreement (National Companies Inc), Escrow Agreement (Nationwide Companies Inc)

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Reliance on Documents and Experts. The Escrow Agent shall be entitled to rely upon any notice, consent, certificate, affidavit, statement, paper, document, writing or communication (collectively, the "Certificate") (which to the extent permitted hereunder may be by telegram, cable, telex, telecopier, or telephone) reasonably believed by it to be genuine and to have been signed, sent or made by the proper person or persons, and upon opinions and advice of legal counsel (including itself or counsel for any party hereto), independent public accountants and other experts selected by the Escrow Agent and mutually acceptable to each of the Company and the PurchasersSellers. The Escrow Agent shall not be responsible to review the Certificate other than to confirm that it has been signed or to determine the clearance of checks received for the Escrow Amount.

Appears in 1 contract

Samples: Escrow Agreement (Vertex Interactive Inc)

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