Common use of Interpleader Action Clause in Contracts

Interpleader Action. In the event of any dispute as to the disposition of the E▇▇▇▇▇▇ Money or any other monies held in escrow, the Title Insurer will give written notice to all parties advising same that, in the absence of written instructions signed by both Purchaser and Seller received within the next ten (10) days, the Title Insurer may interplead the E▇▇▇▇▇▇ Money by filing an interpleader action in the applicable court of the county in which the Property is located (to the jurisdiction of which both parties hereby consent) or may continue to hold the E▇▇▇▇▇▇ Money and take no action until the Title Insurer receives such joint written instructions or an order of a court as to the disposition of same. If the Title Insurer receives the aforesaid written instructions, it will continue to hold the E▇▇▇▇▇▇ Money pursuant to such written instructions. If the Title Insurer does not receive the aforesaid written instructions, it may pay into the registry of the court the E▇▇▇▇▇▇ Money and any other monies held in escrow or may continue to hold the E▇▇▇▇▇▇ Money and take no action until the Title Insurer receives such joint written instructions or an order of a court as to the disposition of same, whereupon the Title Insurer will be relieved and released from any further liability as escrow agent hereunder. The Title Insurer will not be liable for the Title Insurer’s compliance with any legal process, subpoena, writs, orders, judgments and decree of any court, whether issued with or without jurisdiction, and whether or not subsequently vacated, modified, set aside or reversed.

Interpleader Action. In the event of any dispute as to the disposition of the E▇▇▇▇▇▇▇ Money or any other monies held in escrow, the Title Insurer Escrow Agent will give written notice to all parties advising same that, in the absence of written instructions signed by both Purchaser and Seller received within the next ten (10) daysdays of the date of such notice, the Title Insurer Escrow Agent may interplead the E▇▇▇▇▇▇▇ Money by filing an interpleader action in the applicable court Circuit Court of the county in which the Property is located ▇▇▇▇▇▇ County, Georgia (to the jurisdiction of which both parties hereby consent) or may continue to hold the E▇▇▇▇▇▇▇ Money and take no action until the Title Insurer Escrow Agent receives such joint written instructions or an order of a court as to the disposition of same. If the Title Insurer Escrow Agent receives the aforesaid written instructions, it will continue to hold the E▇▇▇▇▇▇▇ Money pursuant to such written instructions. If the Title Insurer Escrow Agent does not receive the aforesaid written instructions, it may pay into the registry of the court the E▇▇▇▇▇▇▇ Money and any other monies held in escrow or may continue to hold the E▇▇▇▇▇▇▇ Money and take no action until the Title Insurer Escrow Agent receives such joint written instructions or an order of a court as to the disposition of same, whereupon the Title Insurer Escrow Agent will be relieved and released from any further liability as escrow agent hereunder. The Title Insurer Escrow Agent will not be liable for the Title InsurerEscrow Agent’s compliance with any legal process, subpoena, writs, orders, judgments and decree of any court, whether issued with or without jurisdiction, and whether or not subsequently vacated, modified, set aside or reversed.

Interpleader Action. In the event of any dispute as to the disposition of the E▇▇▇▇▇▇▇ Money or any other monies held in escrow, the Title Insurer Escrow Agent will give written notice to all parties advising same that, in the absence of written instructions signed by both Purchaser and Seller received within the next ten (10) days, the Title Insurer Escrow Agent may interplead the E▇▇▇▇▇▇▇ Money by filing an interpleader action in the applicable court Circuit Court of the county in which the Property is located Berkeley County, South Carolina (to the jurisdiction of which both parties hereby consent) or may continue to hold the E▇▇▇▇▇▇▇ Money and take no action until the Title Insurer Escrow Agent receives such joint written instructions or an order of a court as to the disposition of same. If the Title Insurer Escrow Agent receives the aforesaid written instructions, it will continue to hold the E▇▇▇▇▇▇▇ Money pursuant to such written instructions. If the Title Insurer Escrow Agent does not receive the aforesaid written instructions, it may pay into the registry of the court the E▇▇▇▇▇▇▇ Money and any other monies held in escrow or may continue to hold the E▇▇▇▇▇▇▇ Money and take no action until the Title Insurer Escrow Agent receives such joint written instructions or an order of a court as to the disposition of same, whereupon the Title Insurer Escrow Agent will be relieved and released from any further liability as escrow agent hereunderunder this Agreement. The Title Insurer Escrow Agent will not be liable for the Title InsurerEscrow Agent’s compliance with any legal process, subpoena, writs, orders, judgments and decree of any court, whether issued with or without jurisdiction, and whether or not subsequently vacated, modified, set aside or reversed.