Common use of Rights, Duties and Responsibilities of Escrow Agent Clause in Contracts

Rights, Duties and Responsibilities of Escrow Agent. It is understood and agreed that the duties of the Escrow Agent are purely ministerial in nature, and that: 5.1 The Escrow Agent shall not be responsible for the performance by Issuer of its obligations under this Agreement. 5.2 The Escrow Agent shall not be required to accept from the Issuer any Subscription Information pertaining to prospective purchases unless such Subscription Information is accompanied by checks or money orders representing the payment of money, nor shall the Escrow Agent be required to

Rights, Duties and Responsibilities of Escrow Agent. It is understood and agreed that the duties of the Escrow Agent are purely ministerial in nature, and that: 5.1 3.1 The Escrow Agent shall not be responsible for or be required to enforce any of the performance by Issuer terms or conditions of its obligations under this AgreementAgreement or any other agreement in connection with the transaction contemplated hereunder. 5.2 3.2 The Escrow Agent shall not be required under no duty or responsibility to accept from the Issuer any Subscription Information pertaining to prospective purchases unless such Subscription Information is accompanied by checks or money orders representing the payment of money, nor shall additional deposit into the Escrow Agent be required toFund or enforce collection of any check delivered to it hereunder.