Escrow Statement. At least one (1) day before the Close of Escrow, the Parties shall agree upon all of the prorations to be made and submit a statement to Escrow Holder (or sign a statement prepared by Escrow Holder) setting forth such prorations. In the event that any prorations, apportionments, or computations made under this Paragraph 15 shall require final adjustment, then the Parties shall make the appropriate adjustments promptly when accurate information becomes available and either Party shall be entitled to an adjustment to correct the same. Any corrected adjustment or proration will be paid in cash to the Party entitled thereto.
Escrow Statement. QCSI shall maintain a copy of the most recent Source Code for Software with Ft. Knox Xxxrow Services Inc. or a trustee mutually acceptable to QCSI and CLIENT. In the event QCSI becomes insolvent, makes an assignment of assets for the benefit of creditors, has a trustee or receiver appointed (either voluntary or involuntarily), is adjudicated bankrupt, or involuntary bankrupt proceedings are commenced against QCSI or receiver, or commences any dissolution or liquidation proceedings, then the trustee shall be directed to deliver the Source Code to CLIENT. CLIENT shall provide written notification to both QCSI and trustee of intention to access Source Code. QCSI shall notify CLIENT who the appointed trustee is, and give notice prior to any of the actions mentioned herein. CLIENT shall pay or reimburse QCSI for any costs of Source Code escrow, escrow maintenance or Source Code access.
Escrow Statement. At least one (1) day before the Close of Escrow, the Parties shall agree upon all of the prorations to be made and submit a statement to Escrow Holder (or sign a statement prepared by Escrow Holder) setting forth such prorations. In the event that any prorations, apportionments, or computations made under this Paragraph 14 shall require final adjustment, then the Parties shall make the appropriate adjustments promptly when *** Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission. accurate information becomes available and either Party shall be entitled to an adjustment to correct the same. Any corrected adjustment or proration will be paid in cash to the Party entitled thereto.
Escrow Statement. The Escrow Agent will furnish monthly statements of transactions in the Escrow Account and quarterly asset statements.
Escrow Statement. QCSI shall maintain a copy of the most recent Source Code for QMACS(TM) Software with Ft. Knox Xxxrow Services Inc. or a trustee mutually acceptable to QCSI and CLIENT. In the event QCSI becomes insolvent, makes an assignment of assets for the benefit of creditors, has a trustee or receiver appointed (either voluntary or involuntarily), is adjudicated bankrupt, or involuntary bankrupt proceedings are commenced against QCSI or receiver, or commences any dissolution or liquidation proceedings, then the trustee shall be directed to deliver the Source Code to CLIENT. In the event that QCSI does not resolve reproducible, critical Anomalies as defined in EXHIBIT E within a mutually agreed upon timeframe, CLIENT may obtain access to QCSI's Source Code held in escrow by trustee. CLIENT shall provide written notification to both QCSI and trustee of intention to access Source Code. QCSI shall notify CLIENT who the appointed trustee is, and give notice prior to any of the actions mentioned herein. CLIENT shall reimburse QCSI for any costs of Source Code escrow, escrow maintenance or Source Code access.
Escrow Statement. The Licensor shall maintain a copy of the most recent Source Code for the QMACS(TM) Software with a trustee mutually acceptable to Licensee and Licensor. In the event that Licensor becomes insolvent, makes an assignment of assets for the benefit of creditors, has a trustee or receiver appointed (either voluntary or involuntarily), is adjudicated bankrupt, or involuntary bankrupt proceedings are commenced against Licensor or receiver, commences any dissolution or liquidation proceedings, or transfers all or substantially all of either of their assets to another entity, then the trustee shall be directed to deliver the Source Code to Licensee. Licensor shall notify Licensee who the appointed trustee is, and give notice prior to any of the actions mentioned herein. Licensee shall reimburse Licensor for any costs of Source Code escrow.
Escrow Statement. The Licensor shall maintain a copy of the most recent Source Code for the QMACS(TM) Software with Ft. Knox Xxxrow Services Inc. or a trustee mutually acceptable to Licensee and Licensor. In the event that Licensor becomes insolvent, makes an assignment of assets for the benefit of creditors, has a trustee or receiver appointed (either voluntary or involuntarily), is adjudicated bankrupt, or involuntary bankrupt proceedings are commenced against Licensor or receiver, commences any dissolution or liquidation proceedings, or transfers all or substantially all of their assets to another entity, then the trustee shall be directed to deliver the Source Code to Licensee. In the event that Licensor does not meet Licensee's Cure Date as defined in Section 8.1 for resolving Material Non Conformities, Licensee may obtain access to Licensor's Source Code held in escrow by trustee. Licensee shall provide written notification to both Licensor and trustee of intention to access Source Code. Licensor shall notify Licensee who the appointed trustee is, and give notice prior to any of the actions mentioned herein. Licensee shall reimburse Licensor for any costs of Source Code escrow, escrow maintenance or source code access.
Escrow Statement. At least one (1) day before the Close of Escrow, the Parties shall agree upon all of the prorations to be made and submit a statement to Escrow Holder (or sign a statement prepared by Escrow Holder) setting forth such prorations. In the event that any prorations, apportionments, or computations made under this Paragraph 14 shall require final adjustment, then the Parties shall make the appropriate adjustments promptly when CONFIDENTIAL TREATMENT REQUESTED *** Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission. accurate information becomes available and either Party shall be entitled to an adjustment to correct the same. Any corrected adjustment or proration will be paid in cash to the Party entitled thereto.
Escrow Statement. (a) As promptly as possible after REIT has filed with the SEC REIT’s annual report on Form 10-K for the year ended December 31, 2007 and in no event later than twenty (20) days after the deadline for filing such report, taking into consideration any extension of such deadline made available to REIT under the Securities Exchange Act or by the SEC, REIT shall prepare and deliver to WAS I and the Escrow Agent a statement (the “Escrow Statement”) setting forth in reasonable detail REIT’s calculations of the number of WAS I Released Shares and REIT Released Shares, which calculations shall be made in accordance with the methodology set forth on Schedule A attached hereto.
(b) REIT, WAS I and their respective accountants and other representatives shall fully cooperate with the other in the preparation and review of the Escrow Statement and of any disputes by WAS I thereto, including by providing reasonable access to accountant’s work papers relevant to the Escrow Statement, as well as the books and records related thereto.
Escrow Statement. Agent shall submit to Counterparty and SCPPA, on or before the seventh (7th) business day of each calendar month, a statement summarizing activities related to the Account during the previous month. Information provided shall include the month-beginning and month-end balances and any and all transactions involving the Account during that month. The minimum balance and modifications to this level during that month shall also be provided.
