Common use of Suspension of Performance Disbursement Into Court Clause in Contracts

Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute (except the amount of Liabilities) between Quepasa, the Recipients or the Representatives with respect to the holding or disposition of any portion of the Escrow Property or any other obligations of the Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s sole satisfaction, the proper disposition of any portion of the Escrow Property or the Escrow Agent’s proper actions with respect to its obligations hereunder, or if the Representatives have not within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, appointed a successor the Escrow Agent to act hereunder, then the Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Quepasa Corp)

AutoNDA by SimpleDocs

Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute (except between the amount of Liabilities) between Quepasa, Trust and the Recipients Adviser or the Representatives Adviser and the Sub-Adviser with respect to the holding or disposition of any portion of the Escrow Property Funds or any other obligations of the Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s sole satisfaction, the proper disposition of any portion of the Escrow Property Funds or the Escrow Agent’s proper actions with respect to its obligations hereunder, or if the Representatives have a successor Escrow Agent has not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, appointed a successor the Escrow Agent to act hereunder, then the Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Old Mutual Insurance Series Fund)

Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute (except among the amount of Liabilities) between QuepasaTrust, the Recipients or Adviser and the Representatives Sub-Adviser with respect to the holding or disposition of any portion of the Escrow Property Funds or any other obligations of the Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s 's sole satisfaction, the proper disposition of any portion of the Escrow Property Funds or the Escrow Agent’s 's proper actions with respect to its obligations hereunder, or if the Representatives have a successor Escrow Agent has not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, appointed a successor the Escrow Agent to act hereunder, then the Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (PBHG Funds)

Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute (except between the amount of Liabilities) between Quepasa, Trust and the Recipients Adviser or the Representatives Adviser and a Sub-Adviser with respect to the holding or disposition of any portion of the Escrow Property Funds or any other obligations of the Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s sole satisfaction, the proper disposition of any portion of the Escrow Property Funds or the Escrow Agent’s proper actions with respect to its obligations hereunder, or if the Representatives have a successor Escrow Agent has not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, appointed a successor the Escrow Agent to act hereunder, then the Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Old Mutual Advisor Funds Ii)

AutoNDA by SimpleDocs

Suspension of Performance Disbursement Into Court. If, at any time, (i) there shall exist any dispute (except between or among the amount of Liabilities) between QuepasaCompany, the Recipients Trustee or the Representatives Escrow Agent with respect to the holding or disposition of any portion of the Escrow Property Funds or any other obligations of the Escrow Agent hereunderunder this Agreement, or if at any time (ii) the Escrow Agent is unable to determine, to the Escrow Agent’s sole satisfaction, the proper disposition of all or any portion of the Escrow Property Funds or the Escrow Agent’s proper actions with respect to its obligations hereunderunder this Agreement, or if (iii) the Representatives have not within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, appointed a successor the Escrow Agent to act hereunder, then the Escrow Agent may, in its sole discretion, shall take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Catalyst Biosciences, Inc.)

Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute (except between the amount of Liabilities) between Quepasa, Company and the Recipients or the Representatives Shareholder with respect to the holding or disposition release of any portion of the Escrow Property Escrowed Stock Certificates or any other obligations of the Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s 's sole satisfaction, the proper disposition of any portion of the Escrow Property Escrowed Stock Certificates or the Escrow Agent’s 's proper actions with respect to its obligations hereunder, or if the Representatives have a successor Escrow Agent has not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, appointed a successor the Escrow Agent to act hereunderas provided below, then the Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Solar Satellite Communication Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.