Common use of Conflicting Claims Clause in Contracts

Conflicting Claims. 16.1 If the Bank receives notice or otherwise becomes aware that any funds in the Account may be subject to any conflicting or third party claims, the Bank may at its discretion take such steps as it deems necessary at the cost of the Client including the taking of legal advice or making an application to any court and pending resolution of any conflicting claim the Bank may: 16.1.1 refuse to pay or deliver to the Client all or any part of the funds or property held in the Account; 16.1.2 decline to enter into any communications with the Client regarding the claim; 16.1.3 take such action as it considers, at its discretion, to be appropriate.

Conflicting Claims. 16.1 14.1 If the Bank receives notice or otherwise becomes aware that any funds in the Account may be subject to any conflicting or third party claims, the Bank may at its discretion take such steps as it deems necessary at the cost of the Client including the taking of legal advice or making an application to any court and pending resolution of any conflicting claim the Bank may: 16.1.1 14.1.1 refuse to pay or deliver to the Client all or any part of the funds or property held in the Account; 16.1.2 14.1.2 decline to enter into any communications with the Client regarding the claim; 16.1.3 14.1.3 take such action as it considers, at its discretion, to be appropriate.