Common use of Conflicting Demands Clause in Contracts

Conflicting Demands. In the event that the parties to this Escrow Agreement at any time give the Escrow Agent or its successor escrow agent conflicting demands, the Escrow Agent shall promptly attempt to resolve the conflict. In the event that the Escrow Agent or its successor escrow agent is unable to resolve the conflict within ten (10) days, the Escrow Agent shall interplead the escrowed materials into a court of competent jurisdiction. Each of the parties hereto agrees to indemnify and hold the Escrow Agent harmless from all costs and expenses, including reasonable attorney's fees, in the event that a conflict of demands requires interpleader.