Common use of Duties in Event of Dispute Clause in Contracts

Duties in Event of Dispute. In the event of any dispute among the parties hereto as to any fact or matter relating hereto or to the transactions contemplated in the Override Agreement or the Lock-Up Agreement, the Escrow Agent is instructed that it shall be under no obligation to act except under process or order of court, or if there be no such process or order, until it has filed or caused to be filed an appropriate action impleading Collxxx, Xxx xxx Ingrxx. Xxe Escrow Agent shall sustain no liability for its failure to act pending such process of court, order or impleader action.

Appears in 1 contract

Samples: Escrow Agreement (Ingram Entertainment Inc)

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Duties in Event of Dispute. In the event of any dispute among the parties hereto as to any fact or matter relating hereto or to the transactions contemplated in the Override Agreement or the Lock-Up Agreement, the Escrow Agent is instructed that it shall be under no obligation to act except under process or order of court, or if there be no such process or order, until it has filed or caused to be filed an appropriate action impleading Collxxxthe Grantor, Xxx Ingrxx xxx Ingrxxthe Company. Xxe The Escrow Agent shall sustain no liability for its failure to act pending such process of court, order or impleader action.

Appears in 1 contract

Samples: Escrow and Warrant Agreement (Ingram Entertainment Inc)

Duties in Event of Dispute. In the event of any -------------------------- dispute among the parties hereto as to any fact or matter relating hereto or to the transactions contemplated in the Override Agreement or the Lock-Up Agreement, the Escrow Agent is instructed that it shall be under no obligation to act except under process or order of court, or if there be no such process or order, until it has filed or caused to be filed an appropriate action impleading CollxxxXxxxxxx, Xxx xxx Ingrxxand Xxxxxx. Xxe The Escrow Agent shall sustain no liability for its failure to act pending such process of court, order or impleader action.

Appears in 1 contract

Samples: Escrow Agreement (Lee Robert Y)

Duties in Event of Dispute. In the event of any dispute -------------------------- among the parties hereto as to any fact or matter relating hereto or to the transactions contemplated in the Override Agreement or the Lock-Up Agreement, the Escrow Agent is instructed that it shall be under no obligation to act except under process or order of court, or if there be no such process or order, until it has filed or caused to be filed an appropriate action impleading Collxxxthe Grantor, Xxx xxx IngrxxXxxxxx and the Company. Xxe the Escrow Agent shall sustain no liability for its failure to act pending such process of court, order or impleader action.

Appears in 1 contract

Samples: Escrow and Warrant Agreement (Video City Inc)

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Duties in Event of Dispute. In the event of any dispute among -------------------------- the parties hereto as to any fact or matter relating hereto or to the transactions contemplated in the Override Agreement or the Lock-Up Agreement, the Escrow Agent is instructed that it shall be under no obligation to act except under process or order of court, or if there be no such process or order, until it has filed or caused to be filed an appropriate action impleading Collxxxthe Grantors, Xxx xxx IngrxxXxxxxx and the Company. Xxe The Escrow Agent shall sustain no liability for its failure to act pending such process of court, order or impleader action.

Appears in 1 contract

Samples: Override Agreement (Video City Inc)

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