Common use of Deliveries; Escrow Clause in Contracts

Deliveries; Escrow. (a) In connection with the Separation, subject to the license grant in Section 2.01(a) of this Agreement, Varian shall have the right to retain (i) each item of Varex Licensed Software and (ii) each of the items listed on Schedule E (the “Varex Deliverable Items”), in each case ((i) and (ii)) in the form, condition and format in which such Varex Licensed Software or Varex Deliverable Item exists as of the Effective Time, and upon Varian’s request (which request must be made no later than 180 days following the Distribution Date), Varex shall provide to Varian a copy of any such Varex Licensed Software or Varex Deliverable Item that is not in Varian’s possession as of the Distribution Date.

Appears in 4 contracts

Samples: Matters Agreement, Intellectual Property Matters Agreement (Varian Medical Systems Inc), Intellectual Property Matters Agreement (Varex Imaging Corp)

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