RIGHT TO INTERPLEADER Clause Samples
RIGHT TO INTERPLEADER. At Escrow Holder’s sole discretion, in the event of a dispute between the Parties, or as otherwise deemed necessary by the Escrow Holder, Escrow Holder has the unequivocal right to interplead the funds with the Court of appropriate jurisdiction and obtain all applicable interpleader legal fees from the funds held herewith.
RIGHT TO INTERPLEADER. In the event Escrow Agent receives conflicting demands from Licensors and Licensee respecting the release of the Deposited Material to Licensee hereunder, Escrow Agent may, in its sole discretion, file an Interpleader action with respect thereto in any court of competent jurisdiction and deposit the Source Code with the clerk of the court or withhold release of the Source Code until instructed otherwise by court order. Provided, however, that Escrow Agent may not file interpleader in connection with any matter submitted to arbitration after Escrow Agent's receipt of an Objection Notice from Licensors and the parties under this Agreement submit the matter to such arbitration as described in Section 4 of this Agreement. Any and all costs incurred by Escrow Agent in connection with an interpleader action, including reasonable attorneys' fees and costs, shall be borne 50% by each of Licensors and Licensee.
RIGHT TO INTERPLEADER. Notwithstanding any other provision of this Agreement, in the event Oaks receives conflicting demands from Depositor or Registrant respecting the release of the Deposit Materials to Registrant, Oaks may, in its sole discretion, file an interpleader action with respect thereto in any court of competent jurisdiction and place the Deposit Materials with the clerk of the court or withhold release of the Deposit Materials until instructed otherwise by court order. GETS, LLC, Depositor Pegasus Solutions, Inc., Registrant By:_______________________ By:_______________________ Name:_____________________ Name:_____________________ Title:____________________ Title:____________________ Date:_____________________ Date:_____________________ THE OAKS BANK & TRUST COMPANY By:________________________________ Name:______________________________ Title:_____________________________ Date:______________________________ EXHIBIT A MATERIALS TO BE DEPOSITED Account Number ______________________ Depositor represents to Registrant that Deposit Materials delivered to Oaks shall consist of the following: __________________________ __________________________ Depositor Registrant By:_______________________ By:_______________________ Name: Christian Rivadalla Name:_____________________ Titl▇: ▇▇▇▇▇ ▇▇▇▇▇▇ive Title:____________________ Date:_____________________ Date:_____________________ EXHIBIT B DESCRIPTION OF DEPOSIT MATERIALS Depositor Company Name _____________________________________ Account Number _____________________________________________ Product Name____________________________Version_____________ DEPOSIT MATERIAL DESCRIPTION: Quantity Media Type & Size___________ ____________________________ Label Description of Each Separate Item (Please use other side if additional space is needed) Disk 3.5" or ____ DAT tape ____mm CD-ROM Data cartridge tape ____ TK 70 or ____ tape Documentation Other ______________________ PRODUCT DESCRIPTION: Operating System____________________________________________ Hardware Platform___________________________________________ EXHIBIT B (con't) Deposit Materials have been transmitted to Oaks:_____materials (any exceptions are noted above): Print Name______________________________ Title___________________________________ Date Accepted___________________________ Exhibit B#______________________________ Send materials to: The Oaks Bank & Trust Company, 2522 McKinney Ave., Dallas, Texas 75219, (214) 361-7400 EXHIBIT C DESIGNATED CONTACT Account Number ____...
RIGHT TO INTERPLEADER. Notwithstanding any other provision of this Agreement, in the event Escrow Agent receives conflicting demands from Author and Publisher respecting the release of the Source Code to Publisher hereunder, Escrow Agent may, in its sole discretion, file an interpleader action with respect thereto in any court of competent jurisdiction and deposit the Source Code with the clerk of the court or withhold release of the Source Code until instructed otherwise by court order.
RIGHT TO INTERPLEADER. Notwithstanding any other provision of this Agreement, in the event Escrow Agent shall receive conflicting demands from Tumbleweed and UPS respecting release of the Source Code to UPS hereunder, Escrow Agent may, in its sole discretion, file an interpleader action with respect thereto in any court of competent jurisdiction.