Escrow Agent Not Responsible after Release Clause Samples

The "Escrow Agent Not Responsible after Release" clause defines that the escrow agent’s duties and liabilities end once the escrowed funds or property are properly released according to the agreement. In practice, this means that after the agent distributes the assets to the designated parties, they are no longer accountable for any subsequent disputes or issues related to those assets. This clause serves to protect the escrow agent from ongoing liability, ensuring they are only responsible for their actions while holding the escrow and not for events that occur after their role is complete.
Escrow Agent Not Responsible after Release. The Escrow Agent will have no responsibility for escrow securities that it has released to a Securityholder or at a Securityholder’s direction according to this Agreement.
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Escrow Agent Not Responsible after Release. The Escrow Agent will have no responsibility for Escrow Documents that it has released to the Director or returned to the Company pursuant to this Agreement.
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Escrow Agent Not Responsible after Release. The Escrow Agent will have no responsibility or liability of any kind for Escrowed Shares that it has released to, or at the direction of, the Agent, the Purchaser or the TSXV Escrow Agent in accordance with the terms of this Agreement.
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Escrow Agent Not Responsible after Release. The Escrow Agent will have no further responsibility for Securities after it has delivered Securities to or at the direction of the Securityholder in accordance with the terms of this Agreement.
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Related to Escrow Agent Not Responsible after Release

  • Escrow Agent Not Responsible for Furnished Information The Escrow Agent will have no responsibility for seeking, obtaining, compiling, preparing or determining the accuracy of any information or document, including the representative capacity in which a party purports to act, that the Escrow Agent receives as a condition to a release from escrow or a transfer of escrow securities within escrow under this Agreement.

  • Escrow Agent Not Responsible for Genuineness The Escrow Agent will not be responsible or liable in any manner whatever for the sufficiency, correctness, genuineness or validity of any escrow security deposited with it.

  • Trustee Not Responsible The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this [First] Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company and the Guarantors.

  • Responsible Parties For the Project covered by this Agreement, the parties shall be responsible for the following work as stated in the article of the Agreement referenced in the table below: 1 Local Government Utilities Article 8

  • Trustee Not Responsible for Recitals The recitals herein contained are made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.