Common use of Interpleader Clause in Contracts

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder may interplead the xxxxxxx money into a court of competent jurisdiction if Holder is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover Holder’s costs and expenses from the non-prevailing defendant.

Appears in 22 contracts

Samples: Land Purchase and Sale Agreement, Land Purchase and Sale Agreement, Land Purchase and Sale Agreement

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Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder Xxxxxx may interplead the xxxxxxx money into a court of competent jurisdiction if Holder Xxxxxx is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover Holder’s costs and expenses from the non-prevailing defendant.

Appears in 9 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Land Purchase and Sale Agreement

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder may interplead the xxxxxxx money into a court of competent jurisdiction if Holder is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder H lder to cover cov r Holder’s costs and expenses from the non-prevailing defendant.. IN

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder may interplead the xxxxxxx money into a court of competent jurisdiction if Holder is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses expens s and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover Holder’s costs and expenses from the non-prevailing defendant.

Appears in 1 contract

Samples: Land Purchase and Sale Agreement

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder may interplead the xxxxxxx money into a court of competent jurisdiction if Holder is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover Holder’s costs and expenses from the non-prevailing defendant.. PURCHASE AND SALE AGREEMENT

Appears in 1 contract

Samples: Purchase and Sale Agreement

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder may interplead the xxxxxxx money into a court of competent jurisdiction if Holder is unsure u sure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover Holder’s costs and expenses from the non-prevailing defendant.

Appears in 1 contract

Samples: Option Agreement

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Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder may interplead the xxxxxxx money into a court of competent jurisdiction if Holder is unsure who is entitled to the xxxxxxx moneyxxxx . Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover Holder’s costs and expenses from the non-prevailing defendant.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder may interplead the xxxxxxx money into a court of competent jurisdiction if Holder is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover HolderH lder’s costs and expenses from the non-prevailing defendant.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Holder may interplead the xxxxxxx money into a court of competent jurisdiction if Holder is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s 's fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s 's fees, court costs and the amount deducted by Holder to cover Holder’s 's costs and expenses from the non-prevailing defendant.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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