Common use of Limitations on Escrow Agent's Responsibility and Liability Clause in Contracts

Limitations on Escrow Agent's Responsibility and Liability. (a) The Escrow Agent does not have any interest in the Shares but is serving as escrow holder only, having only possession thereof. The Escrow Agent makes no representation as to the validity, value, genuineness or sufficiency of the Shares. (b) The Escrow Agent shall be under no duty to accept instructions from any person other than Digital Insight or the Shareholder's Agent, and shall only accept such instructions to the extent and in the manner provided in this Escrow Agreement.

Appears in 2 contracts

Sources: Merger Agreement (Digital Insight Corp), Merger Agreement (Digital Insight Corp)

Limitations on Escrow Agent's Responsibility and Liability. (a) The Escrow Agent does not have any interest in the Shares Deposit and Interest but is serving as escrow holder only, having only possession thereof. The Escrow Agent makes no representation as to the validity, value, genuineness or sufficiency of the Shares. (b) Deposit. The Escrow Agent shall not be under no duty called upon to accept instructions advise any party as to selling or retaining, or taking or refraining from taking any person action with respect to, any securities or other than Digital Insight or the Shareholder's Agent, and shall only accept such instructions to the extent and in the manner provided in this Escrow Agreementproperty deposited hereunder.

Appears in 1 contract

Sources: License, Development and Commercialization Agreement (Guilford Pharmaceuticals Inc)

Limitations on Escrow Agent's Responsibility and Liability. (a) The Escrow Agent does not have any interest in the Shares but is serving as escrow holder only, having only possession thereof. The Escrow Agent makes no representation as to the validity, value, genuineness or sufficiency of the Shares. (b) The Escrow Agent shall be under no duty to accept instructions from any person other than Digital Insight or the Shareholder's Agent, and shall only accept such instructions to the extent and in the manner provided in this Escrow Agreement.

Appears in 1 contract

Sources: Merger Agreement (MSC Software Corp)