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

Suspension of Performance or Disbursement Into Court. If, at any time, (i) there shall exist any dispute between Issuer, Broker, Escrow Agent, any Subscriber or any other person 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 (ii) if at any time 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) if Issuer and Broker have not within 30 days of the furnishing by Escrow Agent of a notice of resignation pursuant to Section 12 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 or Disbursement Into Court. If, at any time, (i) there shall exist any dispute between Issuer, Broker, Escrow Agent, any Subscriber or any other person 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 (ii) if at any time 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) if Issuer and Broker have has not within 30 days of the furnishing by Escrow Agent of a notice of resignation pursuant to Section 12 14 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 or Disbursement Into Court. If, at any time, (i) there shall exist any dispute between IssuerMEEMIC, Brokerthe Company, the Subscription Agent, the Escrow Agent, any Subscriber or any other person with respect to the holding or disposition of all or any portion of the Escrow Funds Fund or any other obligations of the Escrow Agent hereunder, or (ii) if at any time the Escrow Agent is unable to determine, to the Escrow Agent’s 's sole satisfaction, the proper disposition of all the Escrow Fund, or any portion of thereof, or the Escrow Funds or Escrow Agent’s 's proper actions with respect to its obligations hereunder, or if the Company and the Subscription Agent have not, within twenty (iii20) if Issuer and Broker have not within 30 days Business Days of the furnishing by the Escrow Agent of a notice of resignation pursuant to Section 12 hereof 6 hereof, appointed a successor Escrow Agent escrow agent to act hereunder, then the Escrow Agent may, may in its sole discretion, take either or both of the following actions:

Suspension of Performance or Disbursement Into Court. If, at any time, (i) there shall exist any dispute between Issuer, BrokerBoustead, Escrow Agent, any Subscriber or any other person 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 (ii) if at any time 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) if Issuer and Broker Boustead have not within 30 days of the furnishing by Escrow Agent of a notice of resignation pursuant to Section 12 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: