Right to Interplead. In the event that the Agent or Telesource shall be subject to any conflicting demand as to the disposition of any assets placed in its hands pursuant to this Agreement, the Agent or Telesource, as the case may be, shall have the tight to interplead any or all of such assets in its hands into a court of competent jurisdiction for the purpose of determining the party or parties entitled thereto.
Appears in 2 contracts
Sources: Agreement for Design, Supply of Plant and Equipment (Sixth Business Service Group Inc), Agreement for Design, Supply of Plant and Equipment, Construction, Maintenance and Operation, and Transfer of Ownership (Sixth Business Service Group Inc)