Common use of Suspension of Performance Disbursement Into Court Clause in Contracts

Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute between the Trust and the Adviser or the Adviser and the Sub-Adviser with respect to the holding or disposition of any portion of the Escrow Funds or any other obligations of Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s sole satisfaction, the proper disposition of any portion of the Escrow Funds or the Escrow Agent’s proper actions with respect to its obligations hereunder, or if a successor Escrow Agent has not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Old Mutual Insurance Series Fund)

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Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute between among the Trust and the Adviser or Trust, the Adviser and the Sub-Adviser with respect to the holding or disposition of any portion of the Escrow Funds or any other obligations of Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s 's sole satisfaction, the proper disposition of any portion of the Escrow Funds or the Escrow Agent’s 's proper actions with respect to its obligations hereunder, or if a successor Escrow Agent has not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (PBHG Funds)

Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute (except the amount of Liabilities) between Quepasa, the Trust and the Adviser Recipients or the Adviser and the Sub-Adviser Representatives with respect to the holding or disposition of any portion of the Escrow Funds Property or any other obligations of the Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s sole satisfaction, the proper disposition of any portion of the Escrow Funds Property or the Escrow Agent’s proper actions with respect to its obligations hereunder, or if a successor Escrow Agent has the Representatives have not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, appointed a successor the Escrow Agent to act hereunder, then the Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Quepasa Corp)

Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute between the Trust and the Adviser or the Adviser and the a Sub-Adviser with respect to the holding or disposition of any portion of the Escrow Funds or any other obligations of Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s sole satisfaction, the proper disposition of any portion of the Escrow Funds or the Escrow Agent’s proper actions with respect to its obligations hereunder, or if a successor Escrow Agent has not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Old Mutual Advisor Funds Ii)

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Suspension of Performance Disbursement Into Court. If, at any time, there shall exist any dispute between the Trust Company and the Adviser or the Adviser and the Sub-Adviser Shareholder with respect to the holding or disposition release of any portion of the Escrow Funds Escrowed Stock Certificates or any other obligations of Escrow Agent hereunder, or if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s 's sole satisfaction, the proper disposition of any portion of the Escrow Funds Escrowed Stock Certificates or the Escrow Agent’s 's proper actions with respect to its obligations hereunder, or if a successor Escrow Agent has not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereofas provided below, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Solar Satellite Communication Inc)

Suspension of Performance Disbursement Into Court. If, at any time, (i) there shall exist any dispute between or among the Trust and Company, the Adviser Trustee or the Adviser and the Sub-Adviser Escrow Agent with respect to the holding or disposition of any portion of the Escrow Funds or any other obligations of the Escrow Agent hereunderunder this Agreement, or if at any time (ii) the Escrow Agent is unable to determine, to the Escrow Agent’s sole satisfaction, the proper disposition of all or any portion of the Escrow Funds or the Escrow Agent’s proper actions with respect to its obligations hereunderunder this Agreement, or if a successor Escrow Agent has (iii) the Representatives have not been appointed within 30 days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 7 hereof, then appointed a successor Escrow Agent mayto act hereunder, in its sole discretion, then the Escrow Agent shall take either or both of the following actions:

Appears in 1 contract

Samples: Escrow Agreement (Catalyst Biosciences, Inc.)

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