Common use of RECEIPT BY ESCROW AGENT Clause in Contracts

RECEIPT BY ESCROW AGENT. 3.1 The Escrow Agent shall receive and retain the Escrow Materials, and shall exercise that high level of care in holding the Escrow Materials that the Escrow Agent would use to protect other items of a similar nature which the Escrow Agent might own. 3.2 Title remains with Infertek under all circumstances. 3.3 The Escrow Agent agrees that it will not disclose or otherwise make available to any party, or make any use whatsoever of the Escrow Materials, except in accordance with this Agreement. 3.4 The Escrow Agent has no obligation to inspect or verify that the Escrow Materials are what they purport to be.