Common use of Attorneys and Agents Clause in Contracts

Attorneys and Agents. The Escrow Agent shall be entitled to rely on and shall not be liable for any action taken or omitted to be taken in good faith by the Escrow Agent in accordance with the advice of counsel retained or consulted by the Escrow Agent. The Escrow Agent shall be reimbursed as set forth in Section 8(d) for any and all reasonable fees and documented out-of-pocket costs paid and/or reimbursed to such counsel. Except as otherwise expressly provided herein, the Escrow Agent may perform any and all of its duties through its agents, representatives, attorneys and/or nominees, it being understood that the Escrowed Property shall be held in custody and accounts with the Escrow Agent and not in custody or accounts of any other custodian or subcustodian.