Common use of Release of Deposit Clause in Contracts

Release of Deposit. Within five business days after receipt of any required documents and/or notices specified in this Section 9, Escrow Agent shall deliver to ICANN or its designee all Deposits in Escrow Agent's possession, in the event that the Escrow Agent receives all of the following: 9.1 One of the following notices: 9.1.1 A written notice by the Registry Operator requesting Escrow Agent to effect such delivery to ICANN; or 9.1.2 A written notice by ICANN that the Registry Agreement has: (i) expired without renewal, pursuant to Section 4.1 of the Registry Agreement, or (ii) been terminated, in accordance with Article VI of the Registry Agreement; or 9.1.3 A written notice by ICANN that all of the following have occurred: 9.1.3.1 ICANN failed, with respect to (a) any Full Deposit or (b) five Incremental Deposits within any calendar month, to receive, within five calendar days after the Deposit's scheduled delivery date, to receive notification of receipt from Escrow Agent; and 9.1.3.2 ICANN gave notice to Escrow Agent and Registry Operator of that failure; and 9.1.3.3 ICANN has not, within seven calendar days after the notice under Section 9.1.3.2, received notice from Escrow Agent that the Deposit has been received; or 9.1.4 A written notice by ICANN that all of the following have occurred:

Release of Deposit. Within five business days after receipt of any required documents and/or notices specified in this Section 9, Escrow Agent shall deliver to ICANN or its designee all Deposits in Escrow Agent's ’s possession, in the event that the Escrow Agent receives all of the following: 9.1 One of the following notices: 9.1.1 A written notice by the Registry Operator requesting Escrow Agent to effect such delivery to ICANN; or 9.1.2 A written notice by ICANN that the Registry Agreement has: (i) expired without renewal, pursuant to Section 4.1 of the Registry Agreement, or (ii) been terminated, in accordance with Article VI of the Registry Agreement; or 9.1.3 A written notice by ICANN that all of the following have occurred: 9.1.3.1 ICANN failed, with respect to (a) any Full Deposit or (b) five Incremental Deposits within any calendar month, to receive, within five calendar days after the Deposit's ’s scheduled delivery date, to receive notification of receipt from Escrow Agent; and 9.1.3.2 ICANN gave notice to Escrow Agent and Registry Operator of that failure; and 9.1.3.3 ICANN has not, within seven calendar days after the notice under Section 9.1.3.2, received notice from Escrow Agent that the Deposit has been received; or 9.1.4 A written notice by ICANN that all of the following have occurred:

Release of Deposit. Within five business days after receipt of any required documents and/or notices specified in this Section 9, Escrow Agent shall deliver to ICANN or its designee all Deposits in Escrow Agent's possession, in the event that the Escrow Agent receives all of the following: 9.1 One of the following notices: 9.1.1 A written notice by the Registry Operator requesting Escrow Agent to effect such delivery to ICANN; or 9.1.2 A written notice by ICANN that the Registry Agreement has: (i) expired without renewal, pursuant to Section 4.1 of the Registry Agreement, or (ii) been terminated, in accordance with Article VI of the Registry Agreement; or 9.1.3 A written notice by ICANN that all of the following have occurred: 9.1.3.1 ICANN failed, with respect to (a) any Full Deposit or (b) five Incremental Deposits within any calendar month, to receive, within five calendar days after the Deposit's scheduled delivery date, to receive notification of receipt from Escrow Agent; and 9.1.3.2 ICANN gave notice to Escrow Agent and Registry Operator of that failure; and 9.1.3.3 ICANN has not, within seven calendar days after the notice under Section 9.1.3.2, received notice from Escrow Agent that the Deposit has been received; or 9.1.4 A written notice by ICANN that all of the following have occurred: