Common use of Electronic Deposit Clause in Contracts

Electronic Deposit. In the event Depositor elects to utilize electronic means to transfer the Deposit Materials to Escrow Associates, whether through a service provided by Escrow Associates or other means, Escrow Associates shall not be liable for transmissions that fail in part or in whole, are lost, or are otherwise compromised during transmission. Furthermore, Escrow Associates shall not be liable for any subsequent services that may or may not be delivered as a result of a failed transfer. Escrow Associates shall not be liable to Depositor or Beneficiary for any encrypted update, or any part thereof, that is transmitted over the Internet to Escrow Associates’ FTP Site but is not received in whole or in part, or for which no notification of receipt is given.

Appears in 4 contracts

Samples: Platform Agreement, Platform Agreement (Cerulean Pharma Inc.), Technology Escrow Agreement (Gogo Inc.)

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Electronic Deposit. In the event Depositor elects to utilize electronic means to transfer the Deposit Materials to Escrow Associates, whether through a service provided by Escrow Associates or other means, Escrow Associates shall not be liable for transmissions that fail in Confidential and Proprietary C-2 Gogo LLC part or in whole, are lost, or are otherwise compromised during transmission. Furthermore, Escrow Associates shall not be liable for any subsequent services that may or may not be delivered as a result of a failed transfer. Escrow Associates shall not be liable to Depositor or Beneficiary for any encrypted update, or any part thereof, that is transmitted over the Internet to Escrow Associates’ FTP Site but is not received in whole or in part, or for which no notification of receipt is given.

Appears in 3 contracts

Samples: Product Development and Manufacturing Agreement, Product Development and Manufacturing Agreement (Gogo Inc.), Product Development and Manufacturing Agreement (Gogo Inc.)

Electronic Deposit. In the event Depositor elects to utilize electronic means to transfer the Deposit Materials to Escrow Associates, whether through a service provided by Escrow Associates or other means, Escrow Associates shall not be liable for transmissions that fail in part or in whole, are lost, or are otherwise compromised during transmission. Furthermore, Escrow Associates shall not be liable for any subsequent services that may or may not be delivered as a result of a failed transfer. Escrow Associates shall not be liable to Depositor or Beneficiary for any encrypted update, or any part thereof, that is transmitted over the Internet to Escrow Associates’ FTP Site but is not received in whole or in part, or for which no notification of receipt is given.. Confidential and Proprietary 2 Gogo LLC

Appears in 1 contract

Samples: Product Development and Manufacturing Agreement (Gogo Inc.)

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Electronic Deposit. In the event Depositor elects With respect to utilize electronic means to transfer the Deposit Depositor’s delivery of Escrowed Materials to Escrow AssociatesAssociates by an electronic means, whether through a service provided by Escrow Associates or other means, Escrow Associates shall not be liable for transmissions that fail in part or in whole, are lost, or are otherwise compromised during transmission. Furthermore, Escrow Associates shall not be liable for any subsequent services that may or may not be delivered as a result of a failed transfer. Escrow Associates shall not be liable to Buyer, Depositor or Beneficiary for any encrypted update, or any part thereof, that is transmitted over the Internet to Escrow Associates’ FTP Site but is not received in whole or in part, or for which no notification of receipt is given.

Appears in 1 contract

Samples: Three Party Escrow Agreement (Collexis Holdings, Inc.)

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