Interpleader definition

Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Xxxxxx may interplead the xxxxxxx money into a court of competent jurisdiction if Xxxxxx is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable attorney’s fees from any funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its attorney’s fees, court costs and the amount deducted by Holder to cover Holder’s costs and expenses from the non- prevailing defendant.
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Interpleader means relief sought under Part V of these Rules by a person who is under a liability in respect of which two or more persons are making adverse claims,
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Interpleader has the meaning set forth in Section 5.19.
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Examples of Interpleader in a sentence

  • Pruco has no means other than this Interpleader action of protecting itself against multiple conflicting or potentially conflicting claims and possible multiple litigation as to the Remaining Death Benefit on the part of Defendants.

  • Joint Proposed Interpleader Deposit Order, ECF No. 50 (July 5, 2019).On July 12, 2019, the Court granted the motion for interpleader deposit, with an initial authorized deposit in the amount of $458,333.26, or payments due under the SERP from September 2017 through June 2019, and permitted additional future deposits for monthly payments.

  • Subject to the provisions of this Act, all civil proceedings by or against the Government shall be instituted and proceeded with in accordance with the procedure applicable in like proceedings between private persons.[S.7A] Interpleader 9.

  • Pruco brings this Complaint in Interpleader of its own free will and to avoid being vexed and harassed by conflicting and multiple claims to the Remaining Death Benefit.

  • Interpleader is an equitableaction controlled by equitable principles.

  • Having received no notice that the claimants had agreed on how to distribute the policy funds, Banner filed a Complaint for Interpleader under Rule 22 of the Federal Rules of Civil Procedure on March 8, 2022, naming Max, Jake, and LiBrizzi as Defendants.

  • If the buyer deposits the money with an escrow agent and then determ ines not to consummate the sale, the escrow agent may file the deposit in court under a Bill of Interpleader and the seller and buyer then fight over the money in court or the seller files a Bill for Specific Performance, or both.

  • Interpleader allows a party holding money or property to bring a single suit joining individuals asserting exclusive claims to the fund, to protect against double liability and the burden of multiple lawsuits.

  • Interpleader defendant may have 21 days from service of that complaint to answer, move or otherwise respond.

  • Banner’s first proposed stipulation to be discharged from this case in August 2022 included the following term:Awarding Banner Life its reasonable attorney’s fees in the amount of$9,221.00 and costs in the amount of $641.58, which were incurred in connection with prosecuting this Complaint for Interpleader, with such fees and costs to be deducted from the amount deposited into the Registry of the Court[.] (Doc.


More Definitions of Interpleader

Interpleader. If Holder interpleads any of the xxxxxxx money into a court of competent jurisdiction Holder shall be reimbursed for and may deduct its reasonable attorney’s fees and costs from any funds interpleaded. The prevailing party in the interpleader lawsuit shall be entitled to collect its reasonable attorney’s fees and costs in addition to the amount deducted by Holder to cover Xxxxxx’s attorney’s fees and costs from the non-prevailing party.
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Interpleader shall include the deposit of disputed monies with the clerk of court under NCGS 93A-12.
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Interpleader shall include the deposit of disputed monies with the clerk of court under NCGS 93A-12. If Chicago Title is made a party to any judicial, non-judicial or administrative action, hearing or process based on acts of any of the other parties hereto and not on the malfeasance and/or negligence of Chicago Title in performing its duties hereunder, the expenses, costs and reasonable attorneys’ fees incurred by Chicago Title in responding to such action, hearing or process may be deducted from the Funds held hereunder and the party/parties whose alleged acts are a basis for such proceedings shall indemnify, save and hold Chicago Title harmless from said expenses, costs and fees so incurred. If a party to the Agreement requests that all or a portion of the Funds be invested in an interest-bearing account (hereinafter “Invested Funds”) and if Chicago Title agrees to do so, Chicago Title is hereby authorized and directed to invest the Invested Funds in the name of the party by Chicago Title Company, LLC, as escrow agent, as follows: Chicago Title shall have NO OBLIGATION TO INVEST any of the Funds unless and until Chicago Title receives satisfactory investment instructions and IRS Form W-9 Request for Taxpayer Identification Number and Certification from the party to whom interest is to accrue. Invested Funds will be invested in an FDIC Money Market Account at the discretion of Chicago Title unless otherwise agreed in writing by Chicago Title and the parties to this Agreement. The investment shall be subject to the rules, regulations, policies and procedures of the Depository. Interest shall be payable at the time the Funds are disbursed in accordance with the terms of the Agreement and written release/disbursement instructions from the parties to the Agreement. All investments will be made in the regular course of business. To be entitled to same-day investment (assuming collected funds are received), the Funds to be invested must be received by noon; otherwise such Funds will be invested on the next business day. In the event of any conflict between these Conditions of Escrow and the Agreement or any other agreements between the parties hereto regarding the Funds, the provisions of these Conditions of Escrow shall prevail.
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Interpleader. If an xxxxxxx money dispute cannot be resolved after a reasonable time, Xxxxxx may interplead the xxxxxxx money into a court of competent jurisdiction if Xxxxxx is unsure who is entitled to the xxxxxxx money. Holder shall be reimbursed for and may deduct its costs, expenses and reasonable DWWRUfeeQs Hfro\m¶anVy funds interpleaded. The prevailing defendant in the interpleader lawsuit shall be entitled to collect its DWWRUfeQes,Hco\ur¶t cVosts and the amount deducted by Holder to cover +ROGcHosUts a¶ndVexpenses from the non- prevailing defendant.
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Related to Interpleader

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • adjudicating officer means the adjudicating officer appointed under sub-section (1) of section 71;

  • Adjudicatory proceeding means a contested case, a proceeding that may culminate in a contested case, a petition for declaratory order, a petition for expedited resolution of a negotiability dispute, or any other proceeding which may require the board or its designee to issue a decision, order, or ruling.

  • Adjudicatory hearing means a hearing to determine:

  • Delaware Court means the Court of Chancery of the State of Delaware.

  • Receivership court means the court in the insolvent or impaired insurer's state having jurisdiction over the conservation, rehabilitation, or liquidation of the member insurer.

  • Adjudication means agency process for the formulation of an order;

  • Special Court means a Court of Session designated as Special Court under sub-section (1) of section 43;

  • Tribal Court means a court with jurisdiction over child custody proceedings and that is either a Court of Indian Offenses, a court established and operated under the code of custom of an Indian tribe or any other administrative body of a tribe that is vested with authority over child custody proceedings.

  • Action shall have the meaning ascribed to such term in Section 3.1(j).

  • Adjudicator means the person named in Appendix 2 of the Contract Agreement, appointed by agreement between the Procuring Entity and the Supplier to make a decision on or to settle any

  • Proceeding means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding, such as a deposition), whether commenced or threatened.

  • ADR Proceeding means either an Arbitration or a Mediation.

  • Adjudicative proceeding means the procedure to be followed in contested cases, as set forth in RSA 541-A:31 through RSA 541-A:36.

  • Court means the High Court;

  • Arbitration means any arbitration whether or not administered by a permanent arbitral institution;

  • dispute resolution proceeding ’ means any process in which an alternative means of dispute resolution is used to resolve an issue in controversy in which a neutral is appointed and specified parties participate;

  • Supreme Court means the North Carolina Supreme Court.

  • Hearing means an oral hearing and includes a hearing conducted in whole or in part by video link, telephone or other means of instantaneous two-way electronic communication;

  • Commissioners Court means Travis County Commissioners Court.

  • Appellate court means the Supreme Court, Court of Appeals, or both, as appropriate.