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 Depositor and each Preferred Beneficiary, *** shall destroy, return, or otherwise deliver the deposit materials in accordance with such instructions. Upon termination for nonpayment, *** may, at its sole discretion, destroy the deposit materials or return them to Depositor. *** shall have no obligation to return or destroy the deposit materials if the deposit materials are subject to another escrow agreement with ***.

Disposition of Deposit Materials Upon Termination. Upon termination of this Agreement by joint instruction of Depositor and each Preferred Beneficiary, ****** ********** shall destroy, return, or otherwise deliver the deposit materials in accordance with such instructions. Upon termination for nonpayment, ****** ********** may, at its sole discretion, destroy the deposit materials or return them to Depositor. ****** ********** shall have no obligation to return or destroy the deposit materials if the deposit materials are subject to another escrow agreement with ***.*** ***********

Disposition of Deposit Materials Upon Termination. Upon Subject to the foregoing termination provisions, and upon termination of this Agreement by joint instruction of Depositor and each Preferred BeneficiaryAgreement, [*** **] shall destroy, return, or otherwise deliver the deposit materials Deposit Materials in accordance with such Supplier's instructions. Upon termination for nonpaymentIf there are no instructions, [*** **] may, at its sole discretion, destroy the deposit materials Deposit Materials or return them to DepositorSupplier. [*** **] shall have no obligation to destroy or return or destroy the deposit materials Deposit Materials if the deposit materials Deposit Materials are subject to another escrow agreement with [****].