Common use of Attachment, Garnishment, Etc Clause in Contracts

Attachment, Garnishment, Etc. If all or any part of the Deposit is at any time attached, garnished or levied upon, or in case the payment, assignment, transfer, conveyance or delivery of all or any part of the Deposit shall be stayed or enjoined by any court order, or in case any order, judgment or decree shall be made or entered by any court affecting all or any part of the Deposit, then in any of such events, the Escrow Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree, which it believes in good faith is binding upon it, and if it complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, even though such order, writ, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 2 contracts

Samples: Lease Agreement (Rural Cellular Corp), Asset Purchase Agreement (Powertel Inc /De/)

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Attachment, Garnishment, Etc. If all or any part of the Deposit is at ----------------------------- any time attached, garnished or levied upon, or in case if the payment, assignment, transfer, conveyance or delivery of all or any part of the Deposit shall be stayed or enjoined by any court order, or in case if any order, order or judgment or decree shall be made or entered by any court affecting all or any part of the Deposit, then in any of such events, the Escrow Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree, which it believes in good faith is binding upon it, and if it complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, even though such order, writ, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: Escrow Agreement (Webmd Inc)

Attachment, Garnishment, Etc. If all or any part of the Escrow Deposit is at any time attached, garnished or levied upon, or in case the payment, assignment, transfer, conveyance or delivery of all or any part of the Escrow Deposit shall be stayed or enjoined by any court order, or in case any order, order or judgment or decree shall be made or entered by any court affecting all or any part of the Escrow Deposit, then in any of such events, the Escrow Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree, which it believes in good faith is binding upon it, and if it complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, even though such order, writ, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: Escrow Agreement (Powertel Inc /De/)

Attachment, Garnishment, Etc. If all or any part of the Deposit is at any time attached, garnished or levied upon, under any court order, or in case the payment, assignment, transfer, conveyance or delivery of all or any part of the Deposit shall be stayed or enjoined by any court order, or in case any order, judgment or decree shall be made or entered by any court affecting all or any part of the Deposit, then in any of such events, the Escrow Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree, which it believes in good faith is binding upon it, and if it complies with any such order, writ, judgment or decree, it shall not be liable liavle to any of the parties hereto or to any other person, firm person or corporation entity by reason of such compliance, even though such order, writ, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: C Closing Escrow Agreement (Health Outcomes Management Inc)

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Attachment, Garnishment, Etc. If all or any part of the Deposit is at any time attached, garnished or levied upon, under any court order, or in case the payment, assignment, transfer, transfer conveyance or delivery of all or any part of the Deposit shall be stayed or enjoined by any court order, or in case any order, judgment or decree shall be made or entered by any court affecting all or any part of the Deposit, then in any of such events, the Escrow Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree, which it believes in good faith is binding upon it, and if it complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, even though such order, writ, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bab Holdings Inc)

Attachment, Garnishment, Etc. If all or any part of the Deposit Funds is at any time attached, garnished or levied upon, or in case the payment, assignment, transfer, conveyance or delivery of all or any part of the Deposit Funds shall be stayed or enjoined by any court order, or in case any order, order or judgment or decree shall be made or entered by any court affecting all or any part of the DepositFunds, then in any of such events, the Escrow Agent is authorized, in its sole discretion, shall give written notice to the Parties of such matter and shall rely upon and comply with any such order, writ, judgment or decree, which it believes in good faith is binding upon it, and if it complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties Parties hereto or to any other person, firm or corporation Person by reason of such compliance, even though such order, writ, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: Asset Purchase Agreement (Knology Inc)

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