Release of Deposit Material Sample Clauses
The 'Release of Deposit Material' clause defines the conditions and procedures under which escrowed materials, such as source code or technical documentation, are provided to a beneficiary. Typically, this clause outlines specific triggering events—like the licensor's bankruptcy, failure to support the product, or breach of contract—that must occur before the deposit material is released. By clearly specifying when and how the material is made available, this clause ensures that the beneficiary can access critical resources needed to maintain or support the product if the licensor cannot fulfill their obligations, thereby mitigating operational risk.
Release of Deposit Material. If Iron Mountain does not receive Contrary Instructions from an authorized Depositor representative, Iron Mountain is authorized to release Deposit Material to the Beneficiary or, if more than one Beneficiary is registered to the deposit, to release a copy of Deposit Material to the Beneficiary. Iron Mountain is entitled to receive any uncollected Service fees due Iron Mountain from the Beneficiary before fulfilling the Work Request to release Deposit Material covered under this Agreement. This Agreement will terminate upon the release of Deposit Material held by Iron Mountain.
Release of Deposit Material. Within ten (10) days of Escrow Agent’s receipt of Beneficiary’s Work Request to release the Deposit Material, Escrow Agent will release and deliver the Deposit Material to Beneficiary.
Release of Deposit Material. If Escrow Associates does not receive timely Contrary Instructions from a Depositor Authorized Person in accordance with Section 3 above, Escrow Associates is authorized to release Deposit Material (or to the extent a partial release is requested pursuant to Section 1(a) of this Exhibit C, to release the requested Deposit Material) to the Beneficiary. Escrow Associates is entitled to receive any undisputed, unpaid Service Fees due Escrow Associates only from the Beneficiary before fulfilling the request to release Deposit Material covered under this Agreement. Any Party may cure a default of payment of Service Fees. Beneficiary hereby acknowledges that any contemplated release of Deposit Material under this Exhibit C to Beneficiary is intended to further the objectives, rights and obligations of Beneficiary and Depositor pursuant to the Calando/Cerulean Contracts and that nothing in this Agreement contemplates the assignment or transfer of ownership, title or licensing of rights to Beneficiary in a manner contrary thereto and that title and ownership of the physical Deposit Material shall remain in Depositor. Escrow Associates, LLC U.S. Three-Party Escrow Agreement Cerulean Pharma Inc and Calando Pharmaceuticals, Inc June 2009
Release of Deposit Material. If Escrow Agent does not receive Contrary Instructions from an authorized Depositor representative, Escrow Agent is authorized to release Deposit Materials to the Beneficiary or, if more than one Beneficiary is registered to the deposit, to release a copy of Deposit Materials to the Beneficiary. Escrow Agent is entitled to receive any undisputed, unpaid Service Fees due Escrow Agent from the Parties before fulfilling the Work Request to release Deposit Materials covered under this Agreement. Any Party may cure a default of payment of Service Fees.
Release of Deposit Material. If Escrow Associates does not receive timely Contrary Instructions from a Depositor Authorized Person in accordance with Section 3 above, Escrow Associates is authorized to release Deposit Material (or to the extent a partial release is requested pursuant to Section 1(a) of this Exhibit C, to release the requested Deposit Material) to the Beneficiary. Escrow Associates is entitled to receive any undisputed, unpaid Service Fees due Escrow Associates only from the Beneficiary before fulfilling the request to release Deposit Material covered under this Agreement. Any Party may cure a default of payment of Service Fees. Beneficiary hereby acknowledges that any contemplated release of Deposit Material under this Exhibit C to Beneficiary is intended to further the objectives, rights and obligations of Beneficiary and Depositor pursuant to the Calando/Cerulean Contracts and that nothing in this Agreement contemplates the assignment or transfer of ownership, title or licensing of rights to Beneficiary in a manner contrary thereto and that title and ownership of the physical Deposit Material shall remain in Depositor.
Release of Deposit Material. Unless Escrow Agent is enjoined from doing so by a court of competent jurisdiction, three (3) business days after the effective date of the notice to Depositor that Beneficiary has issued a Work Request to release Deposit Material covered under this Agreement, (as set forth in Beneficiary’s certification to Escrow Agent required under Section 3), Escrow Agent shall deliver the Deposit Material to Beneficiary.. Escrow Agent is entitled to receive any uncollected Service Fees due to Escrow Agent before fulfilling the Work Request to release Deposit Material covered under this Agreement. This Agreement will terminate upon the release of Deposit Material held by Escrow Agent.
Release of Deposit Material. Pursuant to the terms and conditions of the Escrow Agreement in effect from time to time, OEM may request the Escrow Agent to release a copy of the Deposit Material to OEM upon the occurrence of any of the following events:
(a) Manufacturer notifies Escrow Agent in writing to effect such release; or
(b) (i) Manufacturer becomes bankrupt or insolvent, becomes the subject of any proceedings seeking relief or reorganization which are not stayed within ninety (90) days, or makes an assignment for the benefit of creditors, (ii) in the event of a bankruptcy under ▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ Code (the “U.S. Bankruptcy Code”), the trustee for the Manufacturer elects to reject this Agreement, and (iii) OEM elects to retain its rights under this Agreement in accordance with Section 365(n) of the U.S. Bankruptcy Code; or
(c) Manufacturer fails to deliver a scheduled delivery and such default has not been cured within sixty (60) days after receipt of written notification from OEM, except for a Force Majeure event; or
(d) Manufacturer fails to provide the warranty as provided in Section 16, and such default has not been cured with (30) days after receipt of written notification from OEM, except for Force Majeure events.
Release of Deposit Material. If Iron Mountain does not receive timely Contrary Instructions from a Depositor Authorized Person or receives written instructions directly from Depositor’s Authorized Person to release a copy of the Deposit Material to the Beneficiary, Iron Mountain is authorized to release the Deposit Material to the Beneficiary, or if more than one Beneficiary is registered to the deposit, to release a copy of the Deposit Material to the Beneficiary. Iron Mountain is entitled to receive any undisputed, unpaid Service Fees due Iron Mountain from the Parties before fulfilling the Demand Release Work Request to release Deposit Material covered under this Agreement. Any Party may cure a default of payment of Service Fees.
Release of Deposit Material. What is the general function of the software to be placed into escrow?
Release of Deposit Material. If Iron Mountain does not receive Contrary Instructions from an authorized Depositor representative, Iron Mountain is authorized to release Deposit Material to the Beneficiary or, if more than one Beneficiary is registered to the deposit, to release a copy of Deposit Material to the Beneficiary. Iron Mountain is entitled to receive any uncollected Service fees due Iron Mountain from the Beneficiary before fulfilling the Work Request to release Deposit Material covered under this Agreement. This Agreement will terminate upon the release of Deposit Material held by Iron Mountain. From time to time, technology escrow beneficiaries may exercise their right to perform verification services. This is a service that Iron Mountain provides for the purpose of validating relevance, completeness, currency, accuracy and functionality of deposit materials. In order for Iron Mountain to determine the deposit material requirements and to quote fees associated with verification services, a completed deposit questionnaire is requested. It is the responsibility of the escrow depositor to complete the questionnaire. Please complete the questionnaire in its entirety by answering every question with accurate data. Upon completion, please return the completed questionnaire to the beneficiary asking for its completion, or e-mail it to Iron Mountain Technology Escrow Services to the attention of ▇▇▇▇▇ ▇▇▇▇ at ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.