Common use of No Escrow Clause in Contracts

No Escrow. Payment of amounts due under this Agreement to any person, firm or entity, other than Rambus, including, without limitation, any escrow fund or escrow agent, unless agreed to by Rambus or ordered by any court or government agency of competent jurisdiction or arbitration panel, shall constitute a material breach of this Agreement. Any payment once made by Micron to Rambus shall not be refunded or refundable to Micron for any reason, provided that, in the case of a material breach of this Agreement by Rambus, Micron may seek monetary compensation for damages arising from such breach.

Appears in 4 contracts

Sources: Semiconductor Patent License Agreement (Rambus Inc), Semiconductor Patent License Agreement (Rambus Inc), Semiconductor Patent License Agreement (Rambus Inc)