Responsibilities of the Escrow Agent. (a) The Escrow Agent shall exercise the same degree of care toward the Escrowed Property as it exercises toward its own similar property and shall not be held to any higher standard of care under this Agreement, nor be deemed to owe any fiduciary duty to the Company.
Appears in 2 contracts
Samples: Escrow Agreement (Foster Wheeler Inc), Escrow Agreement (Foster Wheeler LTD)
Responsibilities of the Escrow Agent. (a) The Escrow Agent shall exercise the same degree of care toward the Escrowed Property Escrow Amount as it exercises toward its own similar property and shall not be held to any higher standard of care under this Agreement, nor be deemed to owe any fiduciary duty to . The Escrow Agent shall hold the CompanyEscrow Amount in safe keeping and make distributions of the Escrow Amount as provided herein.
Appears in 1 contract
Samples: Escrow Agreement (Caminus Corp)
Responsibilities of the Escrow Agent. (a) 8.1 The Escrow Agent shall exercise the same degree of care toward the Escrowed Property as it exercises toward similar property of its own similar property and shall not be held to any higher standard of care under this Agreement, nor be deemed to owe any fiduciary duty to the CompanyMAPCO.
Appears in 1 contract
Samples: Mortgage, Security Agreement (Delek US Holdings, Inc.)
