Conditions for Release. 5.1 The material held in escrow shall be released to the Customer, if the Supplier or any other party whose obligations this Escrow Agreement shall ensure as specified in Appendix 1 and Appendix 2 fails to perform their contractual obligations.
Appears in 7 contracts
Samples: Standard Escrow Agreement, Escrow Agreement, Escrow Agreement
Conditions for Release. 5.1 6.1 The material held in escrow shall be released to the Customer, if the Supplier or any other party whose obligations this Escrow Agreement shall ensure as specified in Appendix 1 and Appendix 2 fails to perform their contractual obligations.
Appears in 6 contracts
Samples: Escrow Agreement, Joint Escrow Agreement, Escrow Agreement
Conditions for Release. 5.1 6.1 The material held in escrow shall be released to the Customer, Distributor if it can reasonably be ascertained that the Supplier Developer or any other party whose obligations this Escrow Agreement shall ensure as specified in Appendix 1 and Appendix 2 fails will fail to perform their contractual obligationsobligations in accordance with the protected agreement, for example due to bankruptcy, suspension of payments or compulsory composition where the estate does not wish to be subrogated.
Appears in 1 contract
Samples: Distributor Escrow Agreement
