Reliance on Notice. Upon receipt of the appropriate notice described in Section 2.1, Escrow Agent shall pay the Escrow Fund in accordance with Section 2.1, and Escrow Agent shall not be subject to any liability to any party for doing so. Seller and Buyer each agrees not to assert (and shall actively resist any attempt to assert on their behalf) any claim against Escrow Agent for making a payment in accordance with this Section.
Appears in 2 contracts
Samples: Asset Purchase Agreement (American Cable Tv Investors 5 LTD), Asset Purchase Agreement (American Cable Tv Investors 5 LTD)
Reliance on Notice. Upon receipt of the appropriate notice described in Section 2.1, Escrow Agent shall pay the Escrow Fund in accordance with Section 2.1, and Escrow Agent shall not be subject to any liability to any party for doing so. Seller and Buyer each agrees not to assert (and shall actively resist any attempt to assert on their behalf) any claim against Escrow Agent for making a payment in accordance with this SectionSection .
Appears in 1 contract
Samples: Asset Purchase Agreement (American Cable Tv Investors 5 LTD)
Reliance on Notice. Upon receipt of the appropriate notice described in Section 2.1, Escrow Agent shall pay the Escrow Fund in accordance with Section 2.1, and Escrow Agent shall not be subject to any liability to any party for doing so. Seller and Buyer 118 each agrees not to assert (and shall actively resist any attempt to assert on their behalf) any claim against Escrow Agent for making a payment in accordance with this Section.
Appears in 1 contract
Samples: Asset Purchase Agreement (American Cable Tv Investors 5 LTD)
