Common use of Limitation of Liability of Escrow Agent Clause in Contracts

Limitation of Liability of Escrow Agent. In acting pursuant to this Agreement, the Escrow Agent shall be protected fully in the exercise of his discretion and shall have no obligation or liability to Shareholder, Castle, or Exhaust, except for wilfull or gross negligence acts. In performing any of his duties hereunder, the Escrow Agent shall not incur any liability to any person for any damages, losses or expenses including attorney's fees.