Common use of Conflicting Demands Clause in Contracts

Conflicting Demands. If conflicting demands are made upon the Escrow Agent or if the Escrow Agent receives written objections to instructions from Seller or Buyer, the Escrow Agent shall not be required to resolve such controversy or take any action, but may await resolution of the controversy by joint written instructions from Seller and Buyer or by appropriate legal proceedings.

Appears in 1 contract

Sources: Escrow Agreement (Longfoot Communications Corp.)

Conflicting Demands. If conflicting demands are made upon the Escrow Agent or if the Escrow Agent receives written objections to instructions from Seller or BuyerAgent, the Escrow Agent shall not be required to resolve such controversy or take any action, but may await resolution of the controversy by joint written instructions from Seller Company and Buyer Underwriters or by appropriate legal proceedings.

Appears in 1 contract

Sources: Rescission Fund Escrow Agreement (Cynet Inc)

Conflicting Demands. If conflicting demands are made upon the Escrow Agent or if the Escrow Agent receives written objections to instructions from Seller or BuyerAgent, the Escrow Agent shall not be required to resolve such controversy or take any action, but may shall await resolution of the controversy by joint written instructions from Seller Clear Channel and Buyer Exchange Party or by appropriate legal judicial or arbitration proceedings...

Appears in 1 contract

Sources: Escrow Agreement (Regent Communications Inc)

Conflicting Demands. If conflicting demands are made upon the Escrow Agent or if the Escrow Agent receives written objections to instructions from Seller or BuyerAgent, the Escrow Agent shall not be required to resolve such controversy or take any action, but may await resolution of the controversy by joint written instructions from Seller Sellers and Buyer or by appropriate legal proceedings.

Appears in 1 contract

Sources: Escrow Agreement (Gray Communications Systems Inc /Ga/)

Conflicting Demands. If conflicting demands are made upon the Escrow Agent or if the Escrow Agent receives written objections to instructions from Seller or BuyerAgent, the Escrow Agent shall not be required to resolve such controversy or take any action, but may await resolution of the controversy by joint written instructions from Seller and Buyer or by appropriate legal proceedings.

Appears in 1 contract

Sources: Escrow Agreement (Lin Tv Corp)