Common use of Duties of Escrow Agent Clause in Contracts

Duties of Escrow Agent. The Escrow Agent shall not be obligated to accept any notice, make any delivery, or take any other action under this Agreement unless the notice or request or demand for delivery or other action is in writing and given or made by the REIT or an authorized officer of the REIT. In no event shall the Escrow Agent be obligated to accept any notice, request, or demand from anyone other than the REIT.

Appears in 4 contracts

Sources: Escrow Agreement, Escrow Agreement (Resource Real Estate Opportunity REIT II, Inc.), Escrow Agreement (Resource Real Estate Opportunity REIT, Inc.)

Duties of Escrow Agent. The Escrow Agent shall not be obligated to accept any notice, make any delivery, or take any other action under this Agreement unless the notice or request or demand for delivery or other action is in writing and given or made by the REIT party given the right or an authorized officer of charged with the REITobligation under this Agreement to give the notice or to make the request or demand. In no event shall the Escrow Agent be obligated to accept any notice, request, or demand from anyone other than the REITGeneral Partner.

Appears in 3 contracts

Sources: Escrow Agreement (SQN Aif Iv, L.P.), Escrow Agreement (SQN Alternative Investment Fund III, L.P.), Escrow Agreement (SQN Alternative Investment Fund III, L.P.)

Duties of Escrow Agent. The Escrow Agent shall not be obligated to accept any notice, make any delivery, or take any other action under this Escrow Agreement unless the notice or request or demand for delivery or other action is in writing and given or made by the REIT party given the right or an authorized officer of charged with the REITobligation under this Escrow Agreement to give the notice or to make the request or demand. In no event shall the Escrow Agent be obligated to accept any notice, request, or demand from anyone other than the REITCompany.

Appears in 2 contracts

Sources: Escrow Agreement (Summit Life Corp), Escrow Agreement (Summit Life Corp)