Common use of Compliance with Court Orders Clause in Contracts

Compliance with Court Orders. In the event that any of the Escrow Account or 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 any of the Escrow Account or Funds, the Escrow Agent shall provide immediate notice thereof to the RDC, FDC, and the Developer and an opportunity for the RDC, FDC, and the Developer to intervene or defend against the order or decree, and the Escrow Agent is hereby expressly authorized to obey and comply with all final, non-appealable writs, orders, or decrees so entered or issued, that it is advised by legal counsel of its own choosing are binding upon it, and in the event that the Escrow Agent obeys or complies with any such final, non-appealable writ, order or decree, Escrow Agent shall not be liable to the RDC, FDC,FDC or the Developer or to any other person, entity, firm or corporation, by reason of such compliance notwithstanding such writ, order, or decree be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 2 contracts

Samples: Escrow and Control Agreement, Escrow and Control Agreement

AutoNDA by SimpleDocs

Compliance with Court Orders. In the event that any of the Escrow Account or 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 any of the Escrow Account or Funds, the Escrow Agent shall provide immediate notice thereof to the RDC, FDC, FDC and the Developer and an opportunity for the RDC, FDC, FDC and the Developer to intervene or defend against the order or decree, and the Escrow Agent is hereby expressly authorized to obey and comply with all final, non-appealable writs, orders, or decrees so entered or issued, that it is advised by legal counsel of its own choosing are binding upon it, and in the event that the Escrow Agent obeys or complies with any such final, non-non- appealable writ, order or decree, Escrow Agent shall not be liable to the RDC, FDC,FDC or the Developer or to any other person, entity, firm or corporation, by reason of such compliance notwithstanding such writ, order, or decree be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 2 contracts

Samples: Escrow and Control Agreement, Escrow and Control Agreement

Compliance with Court Orders. In the event that any of the Escrow Account or 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 any of the Escrow Account or Funds, the Escrow Agent shall provide immediate notice thereof to the RDC, FDC, and the Developer and an opportunity for the RDC, FDC, and the Developer to intervene or defend against the order or decree, and the Escrow Agent is hereby expressly authorized to obey and comply with all final, non-appealable writs, orders, or decrees so entered or issued, that it is advised by legal counsel of its own choosing are binding upon it, and in the event that the Escrow Agent obeys or complies with any such final, non-appealable writ, order or decree, Escrow Agent shall not be liable to the RDC, FDC,FDC or the Developer or to any other person, entity, firm or corporation, by reason of such compliance notwithstanding such writ, order, or decree be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: Escrow and Control Agreement

Compliance with Court Orders. In the event that any of the Adjustment Escrow Account or Funds shall be attached, garnished, 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, judgment or decree shall be made or entered by any court order affecting any of the Escrow Account or Fundsproperty deposited under this Agreement, the Escrow Agent shall provide immediate notice thereof to the RDC, FDC, and the Developer and an opportunity for the RDC, FDC, and the Developer to intervene or defend against the order or decree, and the Escrow Agent is hereby expressly authorized authorized, in its sole discretion, to obey and comply with all final, non-appealable writs, orders, orders or decrees so entered or issued, that which it is advised by legal counsel of its own choosing are is binding upon it, and in whether with or without jurisdiction; provided, however, the Escrow Agent shall immediately notify each of the Parties, to the extent legally permissible, of any such writ, order or decree as well as the course of action the Escrow Agent intends to take upon the advice of its legal counsel. In the event that the Escrow Agent obeys or complies with any such final, non-appealable writ, order or decree, Escrow Agent decree it shall not be liable to any of the RDC, FDC,FDC or the Developer Parties or to any other person, entity, firm or corporationPerson, by reason of such compliance notwithstanding such writ, order, order or decree be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: Asset Purchase Agreement

AutoNDA by SimpleDocs

Compliance with Court Orders. In the event that any of the Escrow Account or 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 any of the Escrow Account or Funds, the Escrow Agent shall provide immediate notice thereof to the RDC, FDC, and the Developer and an opportunity for the RDC, FDC, and the Developer to intervene or defend against the order or decree, and the Escrow Agent is hereby expressly authorized to obey and comply with all final, non-appealable writs, orders, or decrees so entered or issued, that it is advised by legal counsel of its own choosing are binding upon it, and in the event that the Escrow Agent obeys or complies with any such final, non-appealable writ, order or decree, Escrow Agent shall not be liable to the RDC, FDC,FDC , or the Developer or to any other person, entity, firm or corporation, by reason of such compliance notwithstanding such writ, order, or decree be subsequently reversed, modified, annulled, set aside or vacated.

Appears in 1 contract

Samples: Economic Development Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.