Common use of Right to Interplead Clause in Contracts

Right to Interplead. In the event of a dispute arising under the terms of this Escrow Agreement, the Escrow Agent shall be entitled to Interplead the Documented Technology in the District Court for the City and County of Denver, State of Colorado, and to recover therefrom its costs and attorneys' fees incurred as a result of such action. Upon such interpleading, the Escrow Agent shall be relieved of any further responsibility, obligation or duty hereunder.

Right to Interplead. In the event of a dispute arising under the terms of this Escrow Agreement, the Escrow Agent shall be entitled entitles to Interplead the Documented Technology Escrow Funds in the District Court for the City and County of Denver, State of Colorado, and to recover therefrom its costs and attorneys' fees incurred as a result of such action. Upon such interpleading, the Escrow Agent shall be relieved of any further responsibility, obligation or duty hereunder.