Common use of Duties of the Escrow Agent Clause in Contracts

Duties of the Escrow Agent. The Escrow Agent shall have no duties other than those expressly imposed on it herein and in the Merger Agreement, and shall not be liable for any act or omission except for its own gross negligence or willful misconduct.

Appears in 3 contracts

Sources: Escrow Agreement (Adc Telecommunications Inc), Merger Agreement (Centigram Communications Corp), Merger Agreement (Great Plains Software Inc)

Duties of the Escrow Agent. The Escrow Agent shall have no duties other than those expressly imposed on it herein and in the Merger Agreement, and shall not be liable for any act or omission omission, except for its own gross negligence or willful misconduct.

Appears in 2 contracts

Sources: Escrow Agreement (Cyberoptics Corp), Escrow Agreement (Cyberoptics Corp)

Duties of the Escrow Agent. The Escrow Agent shall have no duties other than those expressly imposed on it herein and in the Merger Agreement, and shall not be liable for any act or omission except for its own gross negligence or willful misconduct.

Appears in 1 contract

Sources: Stock Purchase and Sale Agreement (Universal Hospital Services Inc)

Duties of the Escrow Agent. The Escrow Agent shall have no duties other than those expressly imposed on it herein and in the Merger Agreement, and shall not be liable for any act or omission except for its own gross negligence or willful misconduct.

Appears in 1 contract

Sources: Escrow Agreement (Rimage Corp)