Interpleader definition

Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, ▇▇▇▇▇▇ may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if ▇▇▇▇▇▇ is unsure who is entitled to the ▇▇▇▇▇▇▇ 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 shall include the deposit of disputed monies with the clerk of court under NCGS 93A-12.
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Examples of Interpleader in a sentence

  • The City and the Bank further agree that the Bank has the right to file a Bill of Interpleader in any court of competent jurisdiction within the State of Texas to determine the rights of any Person claiming any interest herein.

  • In the event of the receipt of such notice, the Escrow Agent, in its sole discretion, may commence an action in the Nature of Interpleader in any state of federal court located in New York County, State of New York.

  • The Issuer and the Bank further agree that the Bank has the right to file a Bill of Interpleader in any court of competent jurisdiction in the State of Texas to determine the rights of any Person claiming any interest herein.

  • The Issuer and the Bank further agree that the Bank has the right to file a Bill of Interpleader in any court of competent jurisdiction within the state of Texas, at the expense of the Issuer, to determine the rights of any person claiming any interest hereunder.

  • If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the joint written direction of Seller and Buyer authorizing distribution of the ▇▇▇▇▇▇▇ Money, then the Escrowee may deposit the ▇▇▇▇▇▇▇ Money with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader.

  • Escrowee may be reimbursed from the ▇▇▇▇▇▇▇ Money for all costs, including reasonable attorney’s fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the payment of reasonable attorneys’ fees, costs, and expenses arising out of those claims and demands.

  • The Issuer and the Bank further agree that the Bank has the right to file a ▇▇▇▇ of Interpleader in any court of competent jurisdiction in the State of Texas to determine the rights of any Person claiming any interest herein.

  • Escrowee may be reimbursed from the ▇▇▇▇▇▇▇ Money for all costs, including reasonable 197 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 198 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

  • If a dispute arises between the parties as to the disposition of the Deposit, the Escrow Agent shall: (i) hold the Deposit until the Escrow Agent has received releases signed by all parties to the transaction authorizing disposition of the Deposit, or (ii) hold the Deposit until such time as one of the parties to the transaction files suit and the court in which the suit is filed orders the disbursement of the Deposit, or (iii) deliver such Deposit into the court by filing an Interpleader Action.

  • If either Party objects to disposition of the Possession Escrow, then Escrowee may deposit the 59 Possession Escrow with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader.


More Definitions of Interpleader

Interpleader has the meaning set forth in Section 5.19.
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Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, ▇▇▇▇▇▇ may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if ▇▇▇▇▇▇ is unsure who is entitled to the ▇▇▇▇▇▇▇ 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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Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, ▇▇▇▇▇▇ may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if ▇▇▇▇▇▇ is unsure who is entitled to the ▇▇▇▇▇▇▇ money.
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Interpleader. If an ▇▇▇▇▇▇▇ money dispute cannot be resolved after a reasonable time, ▇▇▇▇▇▇ may interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction if ▇▇▇▇▇▇ is unsure who is entitled to the ▇▇▇▇▇▇▇ money. Additionally, the Buyer and Seller hereby acknowledge and understand that if there is not a lender for the Buyer and instead either party is represented by ▇▇▇▇▇▇, Holder cannot make any reasonable interpretation of this Agreement for purposes of distributing the ▇▇▇▇▇▇▇ money. Therefore, any ▇▇▇▇▇▇▇ money dispute, that cannot be reconciled by the parties by signed written agreement, will require ▇▇▇▇▇▇ to interplead the ▇▇▇▇▇▇▇ money into a court of competent jurisdiction for the court to determine how the same should be disbursed. 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
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Interpleader. If Holder interpleads any of the ▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇’s attorney’s fees and costs from the non-prevailing party.
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Related to Interpleader

  • Litigation as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the ▇▇▇▇▇▇▇’s financial condition.

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • Adjudicatory hearing means a hearing to determine:

  • Appellate Decision-maker means a person who considers and decides appeals of determinations regarding responsibility and dismissals of formal complaints. The Appellate Decision-maker cannot be the same person as the Title IX Coordinator, Investigator, or Decision-maker. The Appellate Decision-maker may be a school district employee, or a third party designated by the school district.

  • Competent Court means the Supreme Court of India or any High Court, or any tribunal or any similar judicial or quasi-judicial body that has jurisdiction in relation to issues relating to the Project.