Common use of Disposition of Deposit Materials Upon Termination Clause in Contracts

Disposition of Deposit Materials Upon Termination. Upon termination of this Agreement by joint instruction of BroadVision and a Licensee, DSI shall destroy, return, or otherwise deliver the Deposit Materials in accordance with such instructions. Upon termination for nonpayment, DSI may, at its sole discretion, destroy the Deposit Materials or return them to BroadVision. DSI shall have no obligation to return or destroy the Deposit 21 Materials if the Deposit Materials are subject to another escrow agreement with DSI.

Disposition of Deposit Materials Upon Termination. Upon termination of this Agreement by joint instruction of BroadVision ObjectSpace and a Licenseeeach Preferred Beneficiary, DSI shall destroy, return, or otherwise deliver the Deposit Materials in accordance with such instructions. Upon termination for nonpayment, DSI may, at its sole discretion, destroy the Deposit Materials or return them to BroadVisionObjectSpace. DSI shall have no obligation to return or destroy the Deposit 21 Materials if the Deposit Materials are subject to another escrow agreement with DSI.