Common use of Refrain from Action Clause in Contracts

Refrain from Action. If the Escrow Agent shall be uncertain as to its duties or rights hereunder or shall have received instructions, claims or demands from any of the other parties hereto which, in its opinion, are in conflict with any of the provisions of this Agreement or with instructions given by another party, it shall be entitled to refrain from taking any action other than to keep all property held by it in the Escrow Account until it shall be directed otherwise in writing by all of the other parties hereto or by a final judgment by a court of competent jurisdiction;

Appears in 4 contracts

Samples: Escrow Agreement (Nedak Ethanol, LLC), Escrow Agreement (Nedak Ethanol, LLC), Escrow Agreement (Nedak Ethanol, LLC)

AutoNDA by SimpleDocs

Refrain from Action. If In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder or shall have received receive instructions, claims or demands from any of the other parties party hereto which, in its opinion, are in conflict with any of the provisions of this Agreement or with instructions given by another partyEscrow Agreement, it shall be entitled to refrain from taking any action other than and its sole obligation shall be to keep safely all property held by it in the Escrow Account escrow until it shall be directed otherwise in writing by all of the other parties hereto or by a final order or judgment by of a court of competent jurisdiction;.

Appears in 3 contracts

Samples: Note Purchase Agreement (Providence Service Corp), Escrow Agreement (Providence Service Corp), Escrow Agreement (Providence Service Corp)

AutoNDA by SimpleDocs

Refrain from Action. If In the event that the Escrow Agent shall be ------------------- uncertain as to its duties or rights hereunder or shall have received receive instructions, claims or demands from any of the other parties party hereto which, in its opinion, are in conflict with any of the provisions of this Agreement or with instructions given by another partyEscrow Agreement, it shall be entitled to refrain from taking any action other than and its sole obligation shall be to keep safely all property held by it in the Escrow Account escrow until it shall be directed otherwise in writing by all of the other parties hereto or by a final order or judgment by of a court of competent jurisdiction;.

Appears in 1 contract

Samples: Escrow Agreement (Read Rite Corp /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!