Common use of Attachment of Escrow Account; Compliance with Legal Orders Clause in Contracts

Attachment of Escrow Account; Compliance with Legal Orders. In the event that any escrow property shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the property deposited under this Agreement, the Escrow Agent is hereby expressly authorized, in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and in the event that the Escrow Agent obeys or complies with any such writ order 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 notwithstanding such writ, order or decree being subsequently reversed, modified, annulled, set aside or vacated.

Appears in 17 contracts

Samples: Escrow Agreement (Rodin Income Trust, Inc.), Escrow Agreement (Rodin Income Trust, Inc.), Escrow Agreement (Rodin Income Trust, Inc.)

AutoNDA by SimpleDocs

Attachment of Escrow Account; Compliance with Legal Orders. In the event that any escrow property shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the property deposited under this Agreement, the Escrow Agent is hereby expressly authorized, in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and in the event that the Escrow Agent obeys or complies with any such writ order or decree it shall not be liable to any of the parties hereto or to any other person, firm or of corporation, by reason of such compliance notwithstanding such writ, order or decree being by subsequently reversed, modified, annulled, set aside or vacated.

Appears in 10 contracts

Samples: Asset Purchase Agreement, Assignment and Assumption Agreement (Kemet Corp), Form of Escrow Agreement (Green Realty Trust, Inc.)

Attachment of Escrow Account; Compliance with Legal Orders. In the event that any escrow property shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the property deposited under this Agreement, the Escrow Agent is hereby expressly authorized, in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and in the event that the Escrow Agent obeys or complies with any such writ writ, order 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 notwithstanding such writ, order or decree being be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Mine Safety Appliances Co), Equity Purchase Agreement (Mine Safety Appliances Co), Share Purchase Agreement (Mine Safety Appliances Co)

Attachment of Escrow Account; Compliance with Legal Orders. In the event that any escrow property shall the Escrowed Funds are or will be attached, garnished or levied upon by any court orderupon, or the delivery thereof shall will be stayed or enjoined enjoined, by an order of a courtany court of competent jurisdiction, or any order, judgment or decree shall will be made or entered by any court order affecting the property deposited under this AgreementEscrowed Funds, the Escrow Agent is hereby expressly authorized, in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and in the event that the Escrow Agent obeys or complies with any such writ writ, order or decree it shall will not be liable to any of the parties hereto other Parties or to any other person, firm or corporation, by reason of such compliance notwithstanding such writ, order or decree being be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ruths Hospitality Group, Inc.)

AutoNDA by SimpleDocs

Attachment of Escrow Account; Compliance with Legal Orders. In the event that any escrow property Escrow Funds shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the property deposited under this Agreement, the Escrow Agent is hereby expressly authorized, in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and in the event that the Escrow Agent obeys or complies with any such writ order or decree it shall not be liable to any of the parties hereto or to any other person, firm or of corporation, by reason of such compliance notwithstanding such writ, order or decree being by subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: License Agreement (Media Sciences International Inc)

Attachment of Escrow Account; Compliance with Legal Orders. In the event that any escrow property shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the property deposited under this Agreement, the Escrow Agent is hereby expressly authorized, in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and in the event that the Escrow Agent obeys or complies with any such writ order or decree it shall not be liable to any of the parties hereto or to any other person, firm or of corporation, by reason of such compliance notwithstanding such writ, order or decree being be subsequently reversed, modified, annulled, set aside or vacated.. * * * * *

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Mentor Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!