Conflict with Respect to Collateral. (a) In the event that the Custodian at any time receives or becomes aware of conflicting demands or claims with respect to the Collateral, this Agreement or its duties hereunder, the Custodian shall have the right to discontinue and refrain from any and all activities on its part under this Agreement or in connection herewith until such conflict is resolved to its satisfaction.
Appears in 9 contracts
Samples: Custodial and Security Agreement (North American Technologies Group Inc /Mi/), Custodial and Security Agreement (North American Technologies Group Inc /Mi/), Registration Rights Agreement (Composite Technology Corp)