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

Suspension of Performance Disbursement Into Court. If, at any time, there exists any dispute 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 Escrow Agent is unable to determine, to Escrow Agent’s sole satisfaction, the proper disposition of any portion of the Escrow Funds or Escrow Agent’s proper actions with respect to its obligations hereunder, or if Trustee has not within 30 days of the furnishing by Escrow Agent of a notice of resignation under Section 7 hereof, appointed a successor Escrow Agent to act hereunder, 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, there (a) a dispute between the Parties exists any dispute with respect to the holding or disposition of all or any portion of the Escrow Funds or any other obligations of Escrow Agent hereunder, or if at any time (b) Escrow Agent is unable to determine, to Escrow Agent’s sole reasonable 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 if Trustee has not (c) the Parties have not, within 30 ten (10) days of the furnishing by Escrow Agent receipt of a notice of resignation under Section 7 hereoffrom Escrow Agent, appointed a successor Escrow Agent to act hereunder, 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, (a) there exists shall exist any dispute with respect to the holding or disposition of all or any portion of the Escrow Funds Holdback Amount or any other obligations of Escrow Agent hereunder, or if at any time (b) Escrow Agent is unable to determine, to Escrow Agent’s sole satisfactionafter reasonable investigation and consultation with the parties, the proper disposition of all or any portion of the Escrow Funds Holdback Amount or Escrow Agent’s proper actions with respect to its obligations hereunder, or if Trustee has not (c) the Authorized Signatories have not, within 30 60 days of the furnishing by Escrow Agent of a notice of resignation under Section 7 hereofresignation, appointed a successor Escrow Agent to act hereunder, 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, there exists any dispute 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 Escrow Agent is unable to determine, to Escrow Agent’s 's sole satisfaction, the proper disposition of any portion of the Escrow Funds or Escrow Agent’s 's proper actions with respect to its obligations hereunder, or if the Trustee has not within 30 days of the furnishing by Escrow Agent of a notice of resignation under Section 7 hereof, appointed a successor Escrow Agent to act hereunder, 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, there exists any dispute 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 Escrow Agent is unable to determine, to Escrow Agent’s 's sole satisfaction, the proper disposition of any portion of the Escrow Funds or Escrow Agent’s 's proper actions with respect to its obligations hereunder, or if Trustee has the Initial Purchasers have not within 30 days of the furnishing by Escrow Agent of a notice of resignation under Section 7 hereof, appointed a successor Escrow Agent to act hereunder, then Escrow Agent may, in its sole discretion, take either or both of the following actions: