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

Suspension of Performance Disbursement Into Court. If, at any time, (a) a dispute exists with respect to any obligation of Escrow Agent under this Agreement, (b) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, Escrow Agent’s proper actions with respect to its obligations hereunder, or (c) the Representatives have not, within 10 days of receipt of a notice of resignation, appointed a successor escrow agent to act under this Agreement, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 4 contracts

Samples: Escrow Agreement (Northern Pacific Growth Investment Advisors, LLC), Unit Purchase Agreement (Boston Beer Co Inc), Stock Purchase Agreement (Universal Logistics Holdings, Inc.)

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Suspension of Performance Disbursement Into Court. If, at any time, (a) a dispute exists with respect to any obligation of Escrow Agent under this Agreement, (b) Escrow Agent is unable to determine, to Escrow Agent’s sole reasonable satisfaction, Escrow Agent’s proper actions with respect to its obligations hereunder, or (c) the Representatives have not, within 10 days of receipt of a notice of resignation, not appointed a successor escrow agent to act under this AgreementAgreement in accordance with Section 9 hereof, then Escrow Agent may, in its sole reasonable, good faith discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Lease Agreement (Celadon Group Inc)

Suspension of Performance Disbursement Into Court. If, at any time, (ai) a dispute exists with respect to any obligation of Escrow Agent under this Agreementhereunder, (bii) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, Escrow Agent’s proper actions with respect to its obligations hereunder, or (ciii) the Representatives have not, within 10 ten (10) days of receipt of a notice of resignation, appointed a successor escrow agent Escrow Agent to act under this Agreementhereunder, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Cool Holdings, Inc.)

Suspension of Performance Disbursement Into Court. If, at any time, (a) a dispute exists with respect to any obligation of Escrow Agent under this Agreementhereunder, (b) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, Escrow Agent’s proper actions with respect to its obligations hereunder, or (c) the Representatives have not, within 10 days of receipt of a notice of resignation, appointed a successor escrow agent Escrow Agent to act under this Agreementhereunder, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Golub Capital BDC 3, Inc.)

Suspension of Performance Disbursement Into Court. If, at any time, (a) a dispute exists between Sellers’ Representative and Buyer with respect to any obligation of Escrow Agent under this Agreementhereunder, (b) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, Escrow Agent’s proper actions with respect to its obligations hereunder, or (c) the Representatives have not, within 10 thirty (30) days of receipt of a written notice of resignation, appointed a successor escrow agent Xxxxxx Agent to act under this Agreementhereunder, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Suspension of Performance Disbursement Into Court. If, at any time, (a) a dispute exists with respect to any obligation of Escrow Agent under this Agreement, (b) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, Escrow Agent’s proper actions with respect to its obligations hereunder, or (c) the Representatives have not, within 10 ten (10) days of receipt of a notice of resignation, appointed a successor escrow agent to act under this Agreement, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (American Virtual Cloud Technologies, Inc.)

Suspension of Performance Disbursement Into Court. If, at any time, (a) a dispute exists with respect to any obligation of Escrow Agent under this Agreement, (b) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, Escrow Agent’s proper actions with respect to its obligations hereunder, or (c) the Representatives have not, within 10 twenty (20) days of receipt of a notice of resignation, jointly appointed a successor escrow agent to act under this Agreement, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Stock Purchase Agreement (EnerSys)

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