Disposition of Deposit Materials Upon Termination Clause Samples
The "Disposition of Deposit Materials Upon Termination" clause defines what happens to any materials, documents, or data that have been deposited with a party when the underlying agreement ends. Typically, this clause specifies whether such materials should be returned to the original owner, destroyed, or otherwise handled according to agreed procedures. For example, if a license agreement ends, any confidential source code or technical documents held in escrow might need to be returned or certified as destroyed. The core function of this clause is to ensure that sensitive or proprietary materials are properly managed at the conclusion of the relationship, thereby protecting the interests of both parties and preventing unauthorized use or disclosure.
Disposition of Deposit Materials Upon Termination. Upon termination of this Agreement, DSI shall destroy, return, or otherwise deliver the Deposit Materials in accordance with Depositor's instructions. If there are no instructions, DSI may, at its sole discretion, destroy the Deposit Materials or return them to Depositor. DSI shall have no obligation to return or destroy the Deposit Materials if the Deposit Materials are subject to another escrow agreement with DSI.
Disposition of Deposit Materials Upon Termination. Upon termination of this Escrow Agreement by joint instruction of Depositor and Registrant or for non-payment of Escrow Agent’s fees properly due hereunder, Escrow Agent shall destroy, return or otherwise deliver the Deposit Materials in accordance with Depositor’s instructions.
Disposition of Deposit Materials Upon Termination. Upon termination of this ------------------------------------------------- Agreement, Escrow Agent will destroy, return, or otherwise deliver the Deposit Materials in accordance with Depositor's instructions. If there are no instructions, Escrow Agent may, at its sole discretion, destroy the Deposit Materials or return them to Depositor. Escrow Agent will have no obligation to return or destroy the Deposit Materials if the Deposit Materials are subject to another escrow agreement with Escrow Agent.
Disposition of Deposit Materials Upon Termination. Upon termination of this Agreement by joint instruction of BroadVision and a Licensee, DSI shall destroy, return, or otherwise deliver the Deposit Materials in accordance with such instructions. Upon termination for nonpayment, DSI may, at its sole discretion, destroy the Deposit Materials or return them to BroadVision. DSI shall have no obligation to return or destroy the Deposit 21 Materials if the Deposit Materials are subject to another escrow agreement with DSI.
Disposition of Deposit Materials Upon Termination. Upon termination of this Agreement by joint instruction of Depositor and each Preferred Beneficiary, *** shall destroy, return, or otherwise deliver the deposit materials in accordance with such instructions. Upon termination for nonpayment, *** may, at its sole discretion, destroy the deposit materials or return them to Depositor. *** shall have no obligation to return or destroy the deposit materials if the deposit materials are subject to another escrow agreement with ***.
Disposition of Deposit Materials Upon Termination. Upon termination of this Agreement, DSI shall destroy, return, or otherwise deliver the Deposit Materials in accordance
Disposition of Deposit Materials Upon Termination. Subject to the ------------------------------------------------- foregoing termination provisions, and upon termination of this Agreement. DSI shall destroy, return, or otherwise deliver the Deposit Materials in accordance with Depositor's instructions. If there are no instructions, DSI may, at its sole discretion, destroy the Deposit Materials or return them to Depositor. DSI shall have no obligation to destroy or return the Deposit Materials if the Deposit Materials are subject to another escrow agreement with DSI or have been released to the Preferred Beneficiary in accordance with Section 4.4. Upon Depositor's request, DSI agrees, in the event it destroys the materials as permitted herein, to certify such destruction in writing.
Disposition of Deposit Materials Upon Termination. Upon termination of this Agreement by joint instruction of Depositor and Preferred Beneficiary; Agent shall destroy, return, or otherwise deliver the Deposit Materials in accordance with Depositor's instructions. Subject to Agent's rights under Section 5.2, upon termination for nonpayment, Agent shall promptly return the Deposit Materials to Depositor. Agent shall have no obligation to return or destroy the Deposit Materials if the Deposit Materials are subject to another escrow agreement with Agent. Agent and Preferred Beneficiary shall be obligated to maintain the confidentiality of the Deposit Materials solely upon termination of this Agreement pursuant to Section 5.1 hereto.
Disposition of Deposit Materials Upon Termination. Subject to the foregoing termination provisions, and upon termination of this Agreement, IMIPM shall destroy, return, or otherwise deliver the Deposit Materials in accordance with Depositor’s instructions. If there are no instructions, IMIPM may, at its sole discretion, destroy the Deposit Materials or return them to Depositor. IMIPM shall have no obligation to destroy or return the Deposit Materials if the Deposit Materials are subject to another escrow agreement with IMIPM or have been released to the Beneficiary in accordance with Section 4.4.
Disposition of Deposit Materials Upon Termination. Upon termination or expiration of this Agreement, the Escrow Agent shall send the Company and the Beneficiary notice of such termination (“Termination Notice”) stating that it shall deliver or make available the Deposit Materials to Company within thirty (30) days from delivery of such Termination Notice unless the Beneficiary notifies Escrow Agent and Company within such thirty (30) day period that either:
(a) all Obligations under the Loan Documents have not been paid in full; and an alternative escrow under an escrow agreement and with an escrow agent, all of which is satisfactory to Beneficiary in its sole discretion, has not been established pursuant to Section 3 of the Storage Agreement as amended hereby; or
(b) a Release Condition has occurred. If Beneficiary delivers notice to Escrow Agent within thirty (30) days of the Beneficiary’s receipt of the Termination Notice that either clauses (a) or (b) of this Section 7.3 have occurred (“Notice From Beneficiary”), then, Escrow Agent shall promptly release the Deposit Materials to Beneficiary. If Beneficiary does not deliver such a notice within such thirty (30) day period, then Escrow Agent shall release the Deposit Materials to the Company.