Common use of Responsibilities of Escrow Agent Clause in Contracts

Responsibilities of Escrow Agent. The duties and responsibilities of the Escrow Agent shall be those expressly set forth in this Agreement. No implied duties of the Escrow Agent shall be read into this Agreement and the Escrow Agent shall not be subject to, or obligated to recognize any other agreement between or direction or instruction of, any or all of the parties hereto. The Escrow Agent shall also not be responsible for the duties of Company and Investor Representative to each other.

Appears in 3 contracts

Samples: Escrow Agreement (Vincera, Inc.), Escrow Agreement (Vincera, Inc.), Escrow Agreement (Rush Financial Technologies Inc)

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Responsibilities of Escrow Agent. The duties and responsibilities of the Escrow Agent shall be those perform all of the duties expressly required of it under the terms of this Escrow Agreement and shall not have any other duties or responsibilities that are not expressly set forth in this Agreement. No implied duties of the Escrow Agent shall be read into this Agreement and the Escrow Agent shall not be subject to, or obligated to recognize any other agreement between or direction or instruction of, any or all of the parties hereto. The Escrow Agent shall also not be responsible for the duties of Company and Investor Representative to each otherherein.

Appears in 3 contracts

Samples: Indemnification Escrow Agreement (Esports Entertainment Group, Inc.), Indemnification Escrow Agreement (Esports Entertainment Group, Inc.), Asset Purchase Agreement (Worldport Communications Inc)

Responsibilities of Escrow Agent. The duties and responsibilities of the Escrow Agent shall be those expressly set forth in this Agreement. No implied duties of the Escrow Agent shall be read into this Agreement and the Escrow Agent shall not be subject to, or obligated to recognize any other agreement between or direction or instruction of, any or all of the parties hereto. The Escrow Agent shall also not be responsible for the duties of Company Depositor and Investor Representative Beneficiary to each other.

Appears in 1 contract

Samples: Contract Purchase Agreement (World Energy Solutions, Inc.)

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Responsibilities of Escrow Agent. The duties and responsibilities of the Escrow Agent shall be those expressly set forth in this Agreement. No implied duties of the Escrow Agent shall be read into this Agreement and the Escrow Agent shall not be subject to, or obligated to recognize any other agreement between or direction or instruction of, any or all of the parties hereto. The Escrow Agent shall also not be responsible for the duties of Company Depositors and Investor Representative Beneficiary to each other.

Appears in 1 contract

Samples: Escrow Agreement (Transmeta Corp)

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