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

Suspension of Performance Disbursement Into Court. If, at any time, (i) after compliance with Section 3, there shall exist any dispute between or among Parent, the Holders and/or either of the Representatives with respect to the holding or disposition of all or any portion of the Escrow Funds or any other obligations of Escrow Agent hereunder, (ii) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, the proper disposition of all or any portion of the Escrow Funds or Escrow Agent’s proper actions with respect to its obligations hereunder, or (iii) the Representatives have not, within thirty (30) days of the furnishing by Escrow Agent of a notice of resignation pursuant to Section 8 hereof, appointed a successor escrow agent to act hereunder (which such successor escrow agent has accepted such appointment), then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Suspension of Performance Disbursement Into Court. If, at any time, (i) after compliance with Section 3, there shall exist any dispute between by or among Parentthe Escrow Issuer, the Holders Multi-Color and/or either of the Representatives any other person or entity with respect to the holding or disposition of all or any portion of the Escrow Funds Property or any other obligations of the Escrow Agent hereunder, (ii) the Escrow Agent is unable to determine, to the Escrow Agent’s sole reasonable satisfaction, the proper disposition of all or any portion of the Escrow Funds Property or the Escrow Agent’s proper actions with respect to its obligations hereunder, or (iii) the Representatives have not, Escrow Issuer has not within thirty (30) days of the furnishing receipt by the Escrow Agent Issuer of a the notice of resignation of Escrow Agent pursuant to Section 8 hereof, appointed a successor escrow agent Escrow Agent to act hereunder (which such successor escrow agent has accepted such appointment)hereunder, then the Escrow Agent may, in its sole discretion, take either or both of the following actions:

Suspension of Performance Disbursement Into Court. If, at any time, (i) after compliance with Section 3, there shall exist any dispute between or among ParentHoldco, the Holders Company and/or either of the Representatives with respect to the holding or disposition of all or any portion of the Escrow Funds Property or any other obligations of Escrow Agent hereunder, (ii) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfactionsatisfaction (acting reasonably), the proper disposition of all or any portion of the Escrow Funds Property or Escrow Agent’s proper actions with respect to its obligations hereunder, or (iii) the Representatives have not, within thirty forty-five (3045) days of the furnishing by Escrow Agent of a notice of resignation pursuant to Section 8 11 hereof, appointed a successor escrow agent to act hereunder (which such successor escrow agent has accepted such appointment), then Escrow Agent may, in its sole discretion, take either or both of the following actions:

Suspension of Performance Disbursement Into Court. If, at any time, (i) after compliance with Section 3, there shall exist any dispute between or among ParentIndemnitor Representative, the Holders Indemnitee and/or either of the Representatives with respect to the holding or disposition of all or any portion of the Escrow Funds Shares or any other obligations of Escrow Agent hereunder, (ii) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, the proper disposition of all or any portion of the Escrow Funds Shares or Escrow Agent’s proper actions with respect to its obligations hereunder, or (iii) the Representatives have not, within thirty (30) days of the furnishing by Escrow Agent of a notice of resignation pursuant to Section 8 7 hereof, appointed a successor escrow agent to act hereunder (which such successor escrow agent has accepted such appointment), then Escrow Agent may, in its sole discretion, take either or both of the following actions: