Common use of Acceptance of Deposit Clause in Contracts

Acceptance of Deposit. At completion of the deposit inspection, if Escrow --------------------- Agent determines that the labeling of the tangible media matches the item descriptions and quantity on Exhibit B, Escrow Agent will date and sign the Exhibit B and mail a copy thereof to Depositor and Preferred Beneficiary. If Escrow Agent determines that the labeling does not match the item descriptions or quantity on the Exhibit B, Escrow Agent will (a) note the discrepancies in writing on the Exhibit B; (b) date and sign the Exhibit B with the exceptions noted; and (c) mail a copy of the Exhibit B to Depositor and Preferred Beneficiary. Escrow Agent's acceptance of the deposit occurs upon the signing of the Exhibit B by Escrow Agent. Delivery of the signed Exhibit B to Preferred Beneficiary is Preferred Beneficiary's notice that the Deposit Materials have been received and accepted by Escrow Agent. If Escrow Agent notes a discrepancy, Depositor shall promptly act to correct such discrepancy and have Escrow Agent issue a revised Exhibit B which contains no exceptions.

Appears in 6 contracts

Samples: Procurement Agreement (Corvis Corp), Field Trial Agreement (Corvis Corp), Procurement Agreement (Corvis Corp)

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Acceptance of Deposit. When DSI receives the Deposit Materials in Exhibit B, DSI will conduct a visual deposit inspection. At completion of the deposit inspection, if Escrow --------------------- Agent DSI determines that the labeling of the tangible media matches the item descriptions and quantity on Exhibit B, Escrow Agent DSI will date and sign the Exhibit B and mail a copy thereof to Depositor and Preferred Beneficiary. If Escrow Agent DSI determines that the labeling does not match the item descriptions or quantity on the Exhibit B, Escrow Agent DSI will (a) note the discrepancies in writing on the Exhibit B; (b) date and sign the Exhibit B with the exceptions noted; and (c) mail a copy of the Exhibit B to Depositor and Preferred Beneficiary. Escrow Agent's DSI’s acceptance of the deposit occurs upon the signing of the Exhibit B by Escrow AgentDSI. Delivery of the signed Exhibit B to Preferred Beneficiary is Preferred Beneficiary's ’s notice that the Deposit Materials have been received and accepted by Escrow AgentDSI. If Escrow Agent notes a discrepancyOTHER THAN DSI’S INSPECTION OF THE DEPOSIT MATERIALS, Depositor shall promptly act to correct such discrepancy and have Escrow Agent issue a revised Exhibit B which contains no exceptionsAS DESCRIBED ABOVE, DSI SHALL HAVE NO OBLIGATION REGARDING THE ACCURACY, COMPLETENESS, FUNCTIONALITY, PERFORMANCE OR NON-PERFORMANCE OF THE DEPOSIT MATERIALS.

Appears in 5 contracts

Samples: Internet Services Agreement (Local Matters Inc.), Internet Services Agreement (Local Matters Inc.), Internet Services Agreement (Local Matters Inc.)

Acceptance of Deposit. At completion of the deposit inspection, if Escrow --------------------- Agent determines that the labeling of the tangible media matches the item descriptions and quantity on Exhibit B, Escrow Agent will date and sign the Exhibit B and mail a copy thereof to Depositor and Preferred Beneficiary. If Escrow Agent determines that the labeling does not match the item descriptions or quantity on the Exhibit B, Escrow Agent will (a) note the discrepancies in writing on the Exhibit B; (b) date and sign the Exhibit B with the exceptions noted; and (c) mail a copy of the Exhibit B to Depositor and Preferred Beneficiary. Escrow Agent's acceptance of the deposit occurs upon the signing of the Exhibit B by Escrow Agent. Delivery of the signed Exhibit B to Preferred Beneficiary is Preferred Beneficiary's notice that the Deposit Materials have been received and accepted by Escrow Agent. If Escrow Agent notes a discrepancy, Depositor shall promptly act to correct such discrepancy and have Escrow Agent issue a revised Exhibit B which contains no exceptions.

Appears in 3 contracts

Samples: Procurement Agreement (Corvis Corp), Procurement Agreement (Corvis Corp), Procurement Agreement (Corvis Corp)

Acceptance of Deposit. When DSI receives the Deposit Materials, DSI will conduct a deposit inspection. At completion of the deposit inspection, if Escrow --------------------- Agent DSI determines that the labeling of the tangible media matches the item descriptions and quantity on Exhibit B, Escrow Agent DSI will date and sign the Exhibit B and mail a copy thereof to Depositor and Preferred Beneficiary. If Escrow Agent DSI determines that the labeling does not match the item descriptions or quantity on the Exhibit B, Escrow Agent DSI will (a) note the discrepancies in writing on the Exhibit B; (b) date and sign the Exhibit B with the exceptions noted; and (c) mail a copy of the Exhibit B to Depositor and Preferred Beneficiary. Escrow AgentDSI's acceptance of the deposit occurs upon the signing of the Exhibit B by Escrow AgentDSI. Delivery of the signed Exhibit B to Preferred Beneficiary is Preferred Beneficiary's notice that the Deposit Materials have been received and accepted by Escrow AgentDSI. If Escrow Agent notes a discrepancyOther than DSI's inspection of the Deposit Materials, Depositor DSI shall promptly act have no obligation to correct such discrepancy and have Escrow Agent issue a revised Exhibit B which contains no exceptionsthe accuracy, completeness, functionality, performance or non-performance of the Deposit Materials.

Appears in 3 contracts

Samples: Supply and License Agreement (Wintegra Inc), License Agreement (Goamerica Inc), Development, License and Hosting Agreement (Orbitz Inc)

Acceptance of Deposit. When DSI receives the Deposit Materials and Exhibit B, DSI will conduct a visual deposit inspection. At completion of the deposit inspection, if Escrow --------------------- Agent DSI determines that the labeling of the tangible media matches the item descriptions and quantity on Exhibit B, Escrow Agent DSI will date and sign the Exhibit B and mail a copy thereof to Depositor and Preferred Beneficiary. If Escrow Agent DSI determines that the labeling does not match the item descriptions or quantity on the Exhibit B, Escrow Agent DSI will (a) note the discrepancies in writing on the Exhibit B; (b) date and sign the Exhibit B with the exceptions noted; and (c) mail a copy of the Exhibit B to Depositor and Preferred Beneficiary. Escrow Agent's DSI’s acceptance of the deposit occurs upon the signing of the Exhibit B by Escrow AgentDSI. Delivery of the signed Exhibit B to Preferred Beneficiary is Preferred Beneficiary's ’s notice that the Deposit Materials have been received and accepted by Escrow AgentDSI. If Escrow Agent notes a discrepancyOTHER THAN DSI’S INSPECTION OF THE DEPOSIT MATERIALS, Depositor shall promptly act to correct such discrepancy and have Escrow Agent issue a revised Exhibit B which contains no exceptionsAS DESCRIBED ABOVE, DSI SHALL HAVE NO OBLIGATION REGARDING THE ACCURACY, COMPLETENESS, FUNCTIONALITY, PERFORMANCE OR NON-PERFORMANCE OF THE DEPOSIT MATERIALS.

Appears in 2 contracts

Samples: Information Technology Services Agreement (Unitedhealth Group Inc), Escrow Agreement (Synacor, Inc.)

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Acceptance of Deposit. When IMIPM receives the Deposit Materials and Exhibit B, IMIPM will conduct a visual deposit inspection. At completion of the deposit inspection, if Escrow --------------------- Agent IMIPM determines that the labeling of the tangible media matches the item descriptions and quantity on Exhibit B, Escrow Agent IMIPM will date and sign the Exhibit B and mail a copy thereof to Depositor and Preferred Beneficiary. If Escrow Agent IMIPM determines that the labeling does not match the item descriptions or quantity on the Exhibit B, Escrow Agent IMIPM will (a) note the discrepancies in writing on the Exhibit B; (b) date and sign the Exhibit B with the exceptions noted; and (c) mail a copy of the Exhibit B to Depositor and Preferred Beneficiary. Escrow AgentIMIPM's acceptance of the deposit occurs upon the signing of the Exhibit B by Escrow AgentIMIPM. Delivery of the signed Exhibit B to Preferred Beneficiary is Preferred Beneficiary's notice that the Deposit Materials have been received and accepted by Escrow AgentIMIPM. If Escrow Agent notes a discrepancyOTHER THAN IMIPM’S INSPECTION OF THE DEPOSIT MATERIALS, Depositor shall promptly act to correct such discrepancy and have Escrow Agent issue a revised Exhibit B which contains no exceptionsAS DESCRIBED ABOVE, IMIPM SHALL HAVE NO OBLIGATION REGARDING THE ACCURACY, COMPLETENESS, FUNCTIONALITY, PERFORMANCE OR NON-PERFORMANCE OF THE DEPOSIT MATERIALS.

Appears in 1 contract

Samples: Escrow Agreement

Acceptance of Deposit. At When DSI receives the Deposit Materials, DSI will conduct a deposit inspection. If DSI determines upon completion of the deposit inspection, if Escrow --------------------- Agent determines inspection that the labeling of the tangible media matches the item descriptions and quantity on Exhibit B, Escrow Agent then DSI will date and sign the Exhibit B and mail a copy thereof to Depositor and Preferred Beneficiary. If Escrow Agent DSI determines that the labeling does not match the item descriptions or quantity on the Exhibit B, Escrow Agent will DSI will: (a) note the discrepancies in writing on the Exhibit B; (b) date and sign the Exhibit B with the exceptions noted; and (c) mail a copy of the Exhibit B to Depositor and Preferred Beneficiary, as so annotated. Escrow Agent's DSI’s acceptance of the deposit occurs upon the signing of the Exhibit B by Escrow AgentDSI. Delivery of the signed Exhibit B to Preferred Beneficiary is Preferred Beneficiary's ’s notice that the Deposit Materials have been received and accepted by Escrow AgentDSI. If Escrow Agent notes a discrepancyOther than DSI’s inspection of the Deposit Materials, DSI shall have no obligation to verify the accuracy, completeness, functionality, performance or non-performance of the Deposit Materials. No acceptance by DSI of delivery of any Deposit Materials under this Section 1.3 shall relieve Depositor shall promptly act of its obligation under this Agreement to correct such discrepancy and have Escrow Agent issue a revised Exhibit B which contains no exceptionsfully tender to DSI the Deposit Materials.

Appears in 1 contract

Samples: License Agreement (Transmeta Corp)

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