Common use of Interpleader Clause in Contracts

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, Holder may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if Holder is unsure who is entitled to the ▇▇▇▇▇▇▇ 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.

Appears in 22 contracts

Sources: Land Purchase and Sale Agreement, Land Purchase and Sale Agreement, Land Purchase and Sale Agreement

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, Holder ▇▇▇▇▇▇ may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if Holder ▇▇▇▇▇▇ is unsure who is entitled to the ▇▇▇▇▇▇▇ 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.

Appears in 13 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, Holder may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if Holder is unsure who is entitled to the ▇▇▇▇▇▇▇ money. Holder shall be reimbursed for and may deduct its costs, expenses expens s 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.

Appears in 1 contract

Sources: Land Purchase and Sale Agreement

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, Holder may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if Holder is unsure who is entitled to the ▇▇▇▇▇▇▇ money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s 's fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s 's fees, court costs and the amount deducted by Holder to cover Holder’s 's costs and expenses from the non-prevailing defendant.

Appears in 1 contract

Sources: Purchase and Sale Agreement

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, Holder may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if Holder is unsure who is entitled to the ▇▇▇▇▇▇▇ 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.. PURCHASE AND SALE AGREEMENT

Appears in 1 contract

Sources: Purchase and Sale Agreement

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, Holder may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if Holder is unsure u sure who is entitled to the ▇▇▇▇▇▇▇ 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.

Appears in 1 contract

Sources: Option Agreement

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, Holder may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if Holder is unsure who is entitled to the ▇▇▇▇▇▇▇ 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 HolderH lder’s costs and expenses from the non-prevailing defendant.

Appears in 1 contract

Sources: Purchase and Sale Agreement

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, Holder may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if Holder is unsure who is entitled to the ▇▇▇▇▇▇▇ 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.

Appears in 1 contract

Sources: Purchase and Sale Agreement