Common use of Reliance on Notices Clause in Contracts

Reliance on Notices. Escrow Agent may rely and shall be protected in acting or refraining from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the proper party or parties. Escrow Agent may conclusively presume that the undersigned have full power and authority to instruct Escrow Agent on behalf of the respective party for which they have signed.

Appears in 2 contracts

Samples: Asset Purchase Agreement (American Cable Tv Investors 5 LTD), Asset Purchase Agreement (American Cable Tv Investors 5 LTD)

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Reliance on Notices. The Escrow Agent may rely and shall be protected in acting or refraining from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the proper party or parties. The Escrow Agent may conclusively presume that each of the undersigned have representatives of the parties hereto has full power and authority to instruct the Escrow Agent on behalf of the respective party for which they have signedthat party.

Appears in 2 contracts

Samples: Settlement Agreement (Infinity Capital Group, Inc.), Escrow Agreement (Satellite Enterprises Corp)

Reliance on Notices. Escrow Agent may rely and shall be protected in acting or refraining from acting upon any written notice, instruction request, waiver, consent, receipt or request other paper or document furnished to it, not only in assuming it hereunder due execution and the validity and effectiveness of its provisions but also as to the truth and acceptability of any information therein contained, which is in good faith believed by it to be genuine and what it purports to have been signed or presented by the proper party or parties. Escrow Agent may conclusively presume that the undersigned have full power and authority to instruct Escrow Agent on behalf of the respective party for which they have signedbe.

Appears in 1 contract

Samples: Source Code Escrow Agreement

Reliance on Notices. The Escrow Agent may rely and shall be protected in acting or refraining from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the proper party or parties. The Escrow Agent may conclusively presume that each of the undersigned representatives of the Purchaser and the Sellers have full power and authority to instruct the Escrow Agent on behalf of the respective party for which they have signedthat party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Scansoft Inc)

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Reliance on Notices. Escrow Agent may rely and shall be protected in acting or refraining from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the proper 2 119 party or parties. Escrow Agent may conclusively presume that the undersigned have full power and authority to instruct Escrow Agent on behalf of the respective party for which they have signed.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Cable Tv Investors 5 LTD)

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