Common use of Right to Interplead Clause in Contracts

Right to Interplead. If any controversy arises between the parties hereto or with any third person, the Escrow Agent shall not be required to resolve the same or to take any action to do so but may, at its discretion, institute such interpleader or other proceedings as it deems proper. Escrow agent may rely on any joint written instructions as to the disposition of funds, assets, documents, or other items held in escrow.

Right to Interplead. If any controversy arises between the parties hereto or with any third person, the Escrow Agent shall not be required to resolve the same or to take any action to do so but may, at its discretion, institute such interpleader or other proceedings as it deems proper. Escrow agent may rely on any joint written instructions as to the disposition of funds, assets, documents, or other items held in escrow.

Right to Interplead. If any controversy arises between the parties hereto or with any third person, the Escrow Agent shall not be required to resolve the same or to take any action to do so but may, at its discretion, institute such interpleader or other proceedings as it deems proper. Escrow agent Agent may rely on any joint written instructions as to the disposition of funds, assets, documents, or other items assets held in escrow.

Right to Interplead. If any controversy arises between or among the parties hereto or with any third personparty with respect to the Escrow Account, the Escrow Agent shall not be required to resolve the same or to take any action to do so but may, at its discretion, institute such interpleader or other proceedings as it deems proper. Escrow agent Agent may rely on any joint written instructions as to the disposition of funds, assets, documents, documents or other items things held in escrow.