Common use of Limited Actions Clause in Contracts

Limited Actions. The Escrow Agent shall not take any action by reason of any notice or instruction given by any of the parties or by any other person, firm or corporation, except only (i) such notices or instructions as are herein specifically provided for and (ii) orders or process of any court entered or issued with competent jurisdiction. In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder, it shall be entitled to refrain from taking any action until it shall be directed otherwise in writing by both Buyer and the Sellers' Representative or by an order of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Closing Escrow Agreement (Renaissance Cosmetics Inc /De/), Closing Escrow Agreement (Renaissance Cosmetics Inc /De/)

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Limited Actions. The Escrow Agent shall not take any action by reason of any notice or instruction given by any of the parties or by any other person, firm or corporation, except only (i) such notices or instructions as are herein specifically provided for and (ii) orders or process of any court entered or issued with competent jurisdiction. In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder, it shall be entitled to refrain from taking any action until it shall be directed otherwise in writing by both Buyer each of the GAP Purchasers and the Sellers' Representative Seller or by an order of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Probusiness Services Inc), Escrow Agreement (General Atlantic Partners LLC)

Limited Actions. The Escrow Agent shall not take any action by reason of any notice or instruction given by any of the parties or by any other person, firm or corporation, except only (i) such notices or instructions as are herein specifically provided for and (ii) orders or process of any court entered or issued with competent jurisdiction. In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder, it shall be entitled to refrain from taking any action until it shall be directed otherwise in writing by both Buyer each of the Purchasers and the Sellers' Representative Seller or by an order of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Escrow Agreement (General Atlantic Partners LLC), Escrow Agreement (Critical Path Inc)

Limited Actions. The Escrow Agent shall not take any action --------------- by reason of any notice or instruction given by any of the parties or by any other person, firm or corporation, except only (i) such notices or instructions as are herein specifically provided for and (ii) orders or process of any court entered or issued with competent jurisdiction. In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder, it shall be entitled to refrain from taking any action until it shall be directed otherwise in writing by both Buyer each of the Purchasers and the Sellers' Representative Seller or by an order of a court of competent jurisdiction.

Appears in 1 contract

Samples: Escrow Agreement (Critical Path Inc)

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Limited Actions. The Escrow Agent shall not take any --------------- action by reason of any notice or instruction given by any of the parties or by any other person, firm or corporation, except only (i) such notices or instructions as are herein specifically provided for and (ii) orders or process of any court entered or issued with competent jurisdiction. In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder, it shall be entitled to refrain from taking any action until it shall be directed otherwise in writing by both Buyer and the Sellers' Representative IWC or by an order of a court of competent jurisdiction.

Appears in 1 contract

Samples: Management Services Agreement (International Wireless Communications Holdings Inc)

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