Common use of Refrain from Action Clause in Contracts

Refrain from Action. The Escrow Agent shall be entitled to ------------------- refrain from taking any action contemplated by this Escrow Agreement in the event it becomes aware of any dispute between Opal, the Holders and Parent as to any material facts or as to the happening of any event precedent to such action.

Appears in 2 contracts

Samples: Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De)

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Refrain from Action. The Escrow Agent shall be entitled to ------------------- refrain from taking any action contemplated by this Escrow Agreement in the event it becomes aware of any dispute between Opal, the Holders and Parent among any Interested Parties as to any material facts or as to the happening of any event precedent to such action.

Appears in 2 contracts

Samples: Escrow Agreement (Retalix LTD), Escrow Agreement (Retalix LTD)

Refrain from Action. The Escrow Agent shall be entitled to ------------------- refrain from taking any action contemplated by this Escrow Agreement in the event it becomes aware of any dispute between OpalNatchez, the Holders and Parent as to any material facts or as to the happening of any event precedent to such action.

Appears in 1 contract

Samples: Escrow Agreement (Tsi International Software LTD)

Refrain from Action. The Escrow Agent shall be entitled to ------------------- refrain from taking any action contemplated by this Escrow Agreement in the event it becomes aware of any dispute between OpalEasics, the Holders and Parent as to any material facts or as to the happening of any event precedent to such action.

Appears in 1 contract

Samples: Escrow Agreement (Transwitch Corp /De)

Refrain from Action. The Escrow Agent shall be entitled to ------------------- refrain from taking any action contemplated by this Escrow Agreement in the event it becomes aware of any dispute between OpalHorizon, the Holders and Parent as to any material facts or as to the happening of any event precedent to such action.

Appears in 1 contract

Samples: Escrow Agreement (Transwitch Corp /De)

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Refrain from Action. The Escrow Agent shall be entitled to ------------------- refrain from taking any action contemplated by this Escrow Agreement in the event it becomes aware of any dispute between OpalAlacrity, the Holders and Parent as to any material facts or as to the happening of any event precedent to such action.

Appears in 1 contract

Samples: Escrow Agreement (Transwitch Corp /De)

Refrain from Action. The Escrow Agent shall be entitled to ------------------- refrain from taking any action contemplated by this Escrow Agreement in the event it becomes aware of any dispute between OpalMysticom, the Holders and Parent as to any material facts or as to the happening of any event precedent to such action.

Appears in 1 contract

Samples: Escrow Agreement (Transwitch Corp /De)

Refrain from Action. The Escrow Agent shall be entitled to ------------------- refrain from taking any action contemplated by this Escrow Agreement in the event it becomes aware of any dispute between OpalADV, the Holders and Parent as to any material facts or as to the happening of any event precedent to such action.

Appears in 1 contract

Samples: Escrow Agreement (Transwitch Corp /De)

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