Interpleader definition

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Xxxxxx may interplead the xxxxxxx money into a court of competent jurisdiction if Xxxxxx is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover Holder’s costs and expenses from the non- prevailing defendant.
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Interpleader means relief sought under Part V of these Rules by a person who is under a liability in respect of which two or more persons are making adverse claims,
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Interpleader shall include the deposit of disputed monies with the clerk of court under NCGS 93A-12.
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Examples of Interpleader in a sentence

  • The earnest money must be disposed of as provided in 13.1(7), 13.1(8), or 13.1(10), and the broker shall pursue any claim for commission or compensation against the broker’s client.13.1(10) Interpleader.

  • The Issuer and the Bank further agree that the Bank has the right to file a Bill of Interpleader in any court of competent jurisdiction in the State of Texas to determine the rights of any Person claiming any interest herein.

  • Answer to a Complaint for Money Had and Received with a Counterclaim for Interpleader 120 Form 40.

  • Interpleader funds deposited under 28 U.S.C. § 1335 meet the IRS definition of a “Disputed Ownership Fund” (DOF), a taxable entity that requires tax administration.

  • Specifically, government grants whose primary condition is that the Target Company should purchase, construct or otherwise acquire non-current assets are recognised as deferred revenue in the combined statements of financial position of the Target Company and transferred to profit or loss on a systematic and rational basis over the useful lives of the related assets.

  • The administrative needs demonstrated by the study should then be translated into post and/or administrative overhead requirements.

  • Interpleader funds deposited under 28 U.S.C. § 1335 are defined by the IRS as a Disputed Ownership Fund (DOF), a taxable entity that requires tax administration.

  • Interpleader proceedings (1) The claimant must, at least 5 clear days before the time of the hearing, file with the court 3 copies of the particulars of any property alleged to be the property of the claimant and of the claimant’s grounds for the claim.

  • Plaintiffs present evidence that because Defendants failed to adequately test the fittings, they are “substantially certain to fail within the 25 year express warranty provided by Zurn and/or the useful life of the fittings.” 2d.

  • Interpleader funds deposited under 28 U.S.C. § 1335 meet the IRS definition of Disputed Ownership Funds (“DOFs”), taxable entities that require tax administration.


More Definitions of Interpleader

Interpleader has the meaning set forth in Section 5.19.
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Interpleader shall include the deposit of disputed monies with the clerk of court under NCGS 93A-12. If Chicago Title is made a party to any judicial, non-judicial or administrative action, hearing or process based on acts of any of the other parties hereto and not on the malfeasance and/or negligence of Chicago Title in performing its duties hereunder, the expenses, costs and reasonable attorneys’ fees incurred by Chicago Title in responding to such action, hearing or process may be deducted from the Funds held hereunder and the party/parties whose alleged acts are a basis for such proceedings shall indemnify, save and hold Chicago Title harmless from said expenses, costs and fees so incurred. If a party to the Agreement requests that all or a portion of the Funds be invested in an interest-bearing account (hereinafter “Invested Funds”) and if Chicago Title agrees to do so, Chicago Title is hereby authorized and directed to invest the Invested Funds in the name of the party by Chicago Title Company, LLC, as escrow agent, as follows: Chicago Title shall have NO OBLIGATION TO INVEST any of the Funds unless and until Chicago Title receives satisfactory investment instructions and IRS Form W-9 Request for Taxpayer Identification Number and Certification from the party to whom interest is to accrue. Invested Funds will be invested in an FDIC Money Market Account at the discretion of Chicago Title unless otherwise agreed in writing by Chicago Title and the parties to this Agreement. The investment shall be subject to the rules, regulations, policies and procedures of the Depository. Interest shall be payable at the time the Funds are disbursed in accordance with the terms of the Agreement and written release/disbursement instructions from the parties to the Agreement. All investments will be made in the regular course of business. To be entitled to same-day investment (assuming collected funds are received), the Funds to be invested must be received by noon; otherwise such Funds will be invested on the next business day. In the event of any conflict between these Conditions of Escrow and the Agreement or any other agreements between the parties hereto regarding the Funds, the provisions of these Conditions of Escrow shall prevail.
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Interpleader. If Holder interpleads any of the xxxxxxx money into a court of competent jurisdiction Holder shall be reimbursed for and may deduct its reasonable attorney’s fees and costs from any funds interpleaded. The prevailing party in the interpleader lawsuit shall be entitled to collect its reasonable attorney’s fees and costs in addition to the amount deducted by Holder to cover Xxxxxx’s attorney’s fees and costs from the non-prevailing party.
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Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Xxxxxx may interplead the xxxxxxx money into a court of competent jurisdiction if Xxxxxx is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable DWWRUfeeQs Hfro\m¶anVy funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its DWWRUfeQes,Hco\ur¶t cVosts and the amount deducted by Holder to cover +ROGcHosUts a¶ndVexpenses from the non- prevailing defendant.
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Related to Interpleader

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • adjudicating officer means the adjudicating officer appointed under sub-section (1) of section 71;

  • Appellate Decision-maker means a person who considers and decides appeals of determinations regarding responsibility and dismissals of formal complaints. The Appellate Decision-maker cannot be the same person as the Title IX Coordinator, Investigator, or Decision-maker. The Appellate Decision-maker may be a school district employee, or a third party designated by the school district.

  • Adjudication means agency process for the formulation of an order;

  • Tribal Court means a court with jurisdiction over child custody proceedings and that is either a Court of Indian Offenses, a court established and operated under the code of custom of an Indian tribe or any other administrative body of a tribe that is vested with authority over child custody proceedings.

  • Court of Appeal means the division of the Supreme Court referred to in section 7(1)(b);

  • Action shall have the meaning ascribed to such term in Section 3.1(j).

  • Adjudicator means the person named in Appendix 2 of the Contract Agreement, appointed by agreement between the Procuring Entity and the Supplier to make a decision on or to settle any

  • Proceeding means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding, such as a deposition), whether commenced or threatened.

  • Court means the Supreme Court of British Columbia;

  • Arbitration means any arbitration whether or not administered by a permanent arbitral institution;

  • Hearing means an oral hearing and includes a hearing conducted in whole or in part by video link, telephone or other means of instantaneous two-way electronic communication;

  • Commissioners Court means Travis County Commissioners Court.