Deposit Into Court Sample Clauses

Deposit Into Court. If, at any time, there shall exist any dispute between Activision and the Shareholders with respect to the holding or disposition of any portion of the Escrow Property or any other obligations of Escrow Agent hereunder, or if at any time Escrow Agent is unable to determine, to Escrow Agent's sole satisfaction, the proper disposition of any portion of the Escrow Property or Escrow Agent's proper actions with respect to its obligations hereunder, or if the parties have not within 30 days of the furnishing by Escrow Agent of a notice of resignation pursuant to Section 8 of this Agreement, appointed a successor Escrow Agent to act hereunder, then Escrow Agent may, in its sole discretion, take either or both of the following actions: (a) suspend the performance of any of its obligations under this Escrow Agreement until such dispute or uncertainty shall be resolved to the sole satisfaction of Escrow Agent or until a successor Escrow Agent shall have been appointed (as the case may be); provided however, that Escrow Agent shall continue to invest any cash in the Escrow Property in accordance with Section 7 of this Agreement; and/or (b) petition (by means of an interpleader action or any other appropriate method) any court of competent jurisdiction in Los Angeles County, California, for instructions with respect to such dispute or uncertainty, and pay and deposit into such court all funds, securities and other property held by it as part of the Escrow Property for holding and disposition in accordance with the instructions of such court. Escrow Agent shall have no liability to Activision or the Shareholders, or any other person, with respect to any such suspension of performance or disbursement into court, specifically including any liability or claimed liability that may arise, or be alleged to have arisen, out of or as a result of any delay in the disbursement of funds held in the Escrow Funds or any delay in or with respect to any other action required or requested of Escrow Agent, other than as a result of the gross negligence or willful misconduct of Escrow Agent.
Sample 1
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Deposit Into Court. In the event of a dispute between or among the Parties or involving any person otherwise having an interest in the Escrow or this Agreement that the Escrow Agent, in his sole judgment, believes could affect the Escrow or this Agreement, the Escrow Agent shall be entitled, but shall incur no liability for his failure, to tender into the registry or custody of any court of competent jurisdiction or to any governmental agency reasonably deemed by the Escrow Agent to be appropriate, all money, instruments, documents and other property in the hands of the Escrow Agent, including the Escrow Property, held under this Agreement. Any legal action instituted by the Escrow Agent under the terms of this paragraph may be brought in any court the Escrow Agent shall determine to have jurisdiction thereof.
Sample 1
Deposit Into Court. At any time, the Trustee may deposit all sums then being held by it hereunder into a court of competent jurisdiction and be relieved of any further obligations hereunder.
Sample 1
Deposit Into Court. If the Escrow Agent at any time, in its sole discretion, deems it necessary or advisable to relinquish custody of the Escrow Fund, it may do so by delivering the same to any other escrow agent mutually agreeable to the Shareholder Representatives and Parent and if no such escrow agent shall be selected, then the Escrow Agent may do so by delivering the Escrow Fund (a) to any bank or trust company in the Borough of Manhattan, City and State of New York, which is willing to act as escrow agent thereunder in place and instead of the Escrow Agent or (b) to the clerk or other proper officer of a court of competent jurisdiction as may be permitted by law within the State, County and City of New York. The fee of any such bank or trust company or court officer shall be borne jointly and severally by the Shareholder Representatives, on the one hand, and Parent, on the other hand. Upon such delivery, the Escrow Agent shall be discharged from any and all further responsibility or liability with respect to the Escrow Fund except as herein provided.
Sample 1
Deposit Into Court. In the event that a successor Escrow Agent has not been appointed within 30 days of the date of any such resignation, removal, dissolution, incapacity or vacancy, the Escrow Agent or its legal representative may deposit the Deposit with the clerk of a court of competent jurisdiction and shall interplead all of the parties hereto. Upon so depositing such property and filing its pleading, this Agreement shall terminate as to the Escrow Agent.
Sample 1
Deposit Into Court. If any process is commenced in respect of the subject matter of this Escrow Agreement, including court orders, garnishees or any other processes, or any dispute arises out of this Escrow Agreement or if the Escrow Agent otherwise becomes aware of any dispute as to entitlement to all or part of the Escrow Funds or the Escrow Documents, the Escrow Agent is hereby empowered and entitled to comply with any such orders, writs, judgments or decrees, or if it sees fit, to deposit the Escrow Funds and/or the Escrow Documents, as applicable, into court with the Court of Queen's Bench of Alberta.
Sample 1

Related to Deposit Into Court

  • Application to Court If (i) a claim for indemnification or advancement of Expenses is denied, in whole or in part, (ii) no disposition of such claim is made by the Company within ninety (90) days after the request therefore, (iii) the advancement of Expenses is not timely made pursuant to Section 6 of this Agreement or (iv) payment of indemnification is not made pursuant to Section 5 of this Agreement, the Indemnitee shall have the right to apply to the Delaware Court of Chancery, the court in which the Proceeding is or was pending, or any other court of competent jurisdiction, for the purpose of enforcing the Indemnitee’s right to indemnification (including the advancement of Expenses) pursuant to this Agreement.

  • Court ordered services and supplies including court-ordered care or testing, or services required as a condition of parole, probation, release or because of any legal proceeding.

  • LAW APPLICABLE AND COMPETENT COURT The Agreement is governed by [insert the national law of the NA]. The competent court determined in accordance with the applicable national law shall have sole jurisdiction to hear any dispute between the institution and the participant concerning the interpretation, application or validity of this Agreement, if such dispute cannot be settled amicably.

  • Small Claims Court Notwithstanding anything herein to the contrary, each party retains the right to pursue in Small Claims Court any dispute within that court’s jurisdiction. Further, this arbitration provision shall apply only to disputes in which either party seeks to recover an amount of money (excluding attorneys’ fees and costs) that exceeds the jurisdictional limit of the Small Claims Court.

  • District The public agency or the school district for which the Work is performed. The governing board of the District or its designees will act for the District in all matters pertaining to the Contract. The District may, at any time: 1.1.23.1 Direct Developer to communicate with or provide notice to the Construction Manager or the Architect on matters for which the Contract Documents indicate Developer will communicate with or provide notice to the District; and/or 1.1.23.2 Direct the Construction Manager or the Architect to communicate with or direct Developer on matters for which the Contract Documents indicate the District will communicate with or direct Developer.

  • Jury or Court Witness Duty The Employer shall grant leave of absence without loss of seniority to an employee who is called as a juror or witness in any court. The Employer shall pay such an employee the difference between the normal earnings and the payment received for jury service or court witness, excluding payment for travelling, meals, or other expenses. The employee will present proof of service and the amount of pay received.

  • Litigation; Government Proceedings No action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company, or to the Company’s knowledge, the Sponsor, or any executive officer or director of the Company, or its or their property is pending or, to the knowledge of the Company, threatened that (i) would reasonably be expected to have a material adverse effect on the performance of this Agreement or the consummation of any of the transactions contemplated hereby or (ii) would reasonably be expected to have a Material Adverse Effect, except as set forth in or contemplated in the Statutory Prospectus and the Prospectus (exclusive of any supplement thereto).

  • Court of Jurisdiction Both DBS and the Member agree that the Tokyo District Court will be the exclusive court of jurisdiction in the first instance in any dispute and/ or legal action relating to the rights and obligations under this Agreement or an Individual Contract.

  • Paid Jury or Court Witness Duty Leave The Employer shall grant leave of absence without loss of seniority to an Employee who serves as a juror or witness in any court. The Employer shall pay such an Employee the difference between normal earnings and the payment received for jury service or court witness, excluding payment for traveling, meals or other expenses. The Employee will present proof of service and the amount of pay received. Time spent by an Employee required to serve as a court witness in any matter arising out of her employment, shall be considered as time worked at the appropriate rate of pay.

  • Litigation; Governmental Proceedings There is no action, suit, proceeding, inquiry, arbitration, investigation, litigation or governmental proceeding pending or, to the Company’s knowledge, threatened against, or involving the Company or, to the Company’s knowledge, any executive officer or director which has not been disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus or in connection with the Company’s listing application for the listing of the Public Securities on the Exchange.

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