Common use of Conflicting Claims Clause in Contracts

Conflicting Claims. If at any time any uncertainty or dispute exists involving the Company and OHA with respect to the Company Deposits or the Account, the Bank may, at its option, rely on advice of counsel and/or interplead the parties or bring any other appropriate action in any state court of competent jurisdiction in Xxxxxx County or federal court of competent jurisdiction located in Portland, Oregon, to resolve such uncertainty or dispute. The Bank shall have no liability if it acts in accordance with the written advice of counsel or a court order in connection with such uncertainty or dispute. In such event, the Company shall reimburse the Bank’s attorney fees and other costs and expenses in connection with such legal advice or court action.

Appears in 8 contracts

Samples: Model Depository Agreement, Model Depository Agreement, Model Depository Agreement

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