Suspension of Performance or Disbursement Into Court. If, at any time, there shall exist any dispute between the Company, the Escrow Agent, any Subscriber or any other person with respect to the holding or disposition of any portion of any Subscription or Escrow 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 reasonable satisfaction, the proper disposition of any portion of the Subscriptions or the Escrow Funds or the Escrow Agent’s proper actions with respect to its obligations hereunder, or if the Escrow Agent is uncertain concerning its duties or rights under this Agreement, or if the Escrow Agent shall have received instructions, claims or demands from the Company or Subscribers or others which, in its opinion, are in conflict with any of the provisions of this Agreement, or if the Company has not within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 9 hereof appointed a successor Escrow Agent to act hereunder, then the Escrow Agent may, in its sole discretion, consult legal counsel selected by it and take either or both of the following actions:
Appears in 10 contracts
Samples: Escrow Agreement (Blackhawk Biofuels, LLC), Escrow Agreement (Ozark Ethanol LLC), Escrow Agreement (Ozark Ethanol LLC)
