Common use of AMBIGUITY; CONFLICTING INSTRUCTIONS Clause in Contracts

AMBIGUITY; CONFLICTING INSTRUCTIONS. In the event the Escrow Agent shall be uncertain as to its duties or rights hereunder or shall receive instructions, claims or demands from any of the parties hereto or from third persons with respect to the Pledged Documents held hereunder, which in its sole opinion, are in conflict with any provision of this Agreement, it shall be entitled to refrain from taking any action until it shall be directed otherwise in writing by all the parties hereto and said third persons, if any, or by a final order or judgment of a court of competent jurisdiction.

Appears in 3 contracts

Samples: Pledge and Escrow Agreement (Centrack International Inc), Pledge and Escrow Agreement (Centrack International Inc), Pledge and Escrow Agreement (Centrack International Inc)

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AMBIGUITY; CONFLICTING INSTRUCTIONS. In the event the Escrow Agent shall be uncertain as to its duties or rights hereunder or shall receive instructions, claims or demands from any of the parties hereto or from third persons with respect to the Pledged Documents held hereunder, which in its sole opinion, are in conflict with any provision of this Agreement, it shall be entitled to refrain from taking any action until it shall be directed otherwise in writing by all the parties hereto and said third persons, if any, or by a final order or judgment of a court of competent jurisdiction.care

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Viragen Inc)

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AMBIGUITY; CONFLICTING INSTRUCTIONS. In the event the Escrow Agent shall be uncertain as to its duties or rights hereunder or shall receive instructions, claims or demands from any of the parties hereto or from third persons with respect to the Pledged Documents held hereunder, which in its sole opinion, are care in conflict with any provision of this Agreement, it shall be entitled to refrain from taking any action until it shall be directed otherwise in writing by all the parties hereto and said third persons, if any, or by a final order or judgment of a court of competent jurisdiction.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sector Associates LTD)

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