Interpleader. If any controversy arises between the parties hereto or with any third person, the Escrow Agent shall not be required to determine the same or to take any action, but the Escrow Agent in its discretion may institute such interpleader or other proceedings in connection therewith as the Escrow Agent may deem proper, and in following either course, the Escrow Agent shall not be liable.
Appears in 9 contracts
Samples: Merger Agreement (Quanex Corp), Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De)
Interpleader. If any controversy arises between the parties ------------ hereto or with any third person, the Escrow Agent shall not be required to determine the same or to take any action, but the Escrow Agent in its discretion may institute such interpleader or other proceedings in connection therewith as the Escrow Agent may deem proper, and in following either course, the Escrow Agent shall not be liable.
Appears in 5 contracts
Samples: Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De)
Interpleader. If any controversy arises between the parties hereto or with any third personparty, the Escrow Agent shall not be required to determine the same or to take any action, but the Escrow Agent in its discretion may institute such interpleader or other proceedings in connection therewith as the Escrow Agent may deem proper, and in following either such other course, the Escrow Agent shall not be liable.
Appears in 3 contracts
Samples: Commitment Agreement (Talarian Corp), Agreement With Certain Whitebarn Shareholders (Talarian Corp), Escrow Agreement (Lancashire Christopher W)
