Escrowed Proposal Documents Clause Samples
The "Escrowed Proposal Documents" clause establishes that certain key documents related to a proposal are to be held in escrow, typically by a neutral third party. In practice, this means that technical specifications, source code, or other critical materials are deposited with an escrow agent, who will release them to the client under specific conditions, such as vendor default or bankruptcy. This arrangement ensures that the client can access essential information needed to maintain or continue a project if the original provider is unable or unwilling to do so, thereby mitigating risks associated with vendor dependency.
Escrowed Proposal Documents. Prior to execution of this Capital Maintenance Contract, DB Contractor delivered to TxDOT one copy of all cost, unit pricing, price quote and other documentary information used in preparation of the Maintenance Price (the “EPDs”). Upon execution of this Capital Maintenance Contract, the EPDs shall be held in locked fireproof cabinets supplied by DB Contractor and located in TxDOT’s project office with the key held only by DB Contractor. Concurrently with approval of each Change Order or amendment to any CMC Document, one copy of all documentary information used in preparation of the Change Order or amendment shall be added to the cabinet to be held with the other EPDs. The EPDs will be held in such cabinet or otherwise maintained until all of the following have occurred: (a) Warranty Period and all required extensions have expired as required under Section 3.6.1; (b) all Claims or Disputes regarding the Maintenance Services have been settled; and (c) Final Payment has been made and accepted.
Escrowed Proposal Documents. Prior to execution of this DBA, DB Contractor delivered to TxDOT one copy of all cost, unit pricing, price quote and other documentary information used in preparation of the Price (the “EPDs”). Upon execution of this DBA, the EPDs shall be held in locked fireproof cabinet(s) supplied by DB Contractor and located in TxDOT’s project office with the key held only by DB Contractor. Concurrently with approval of each Change Order or amendment to any DBA Document, one copy of all documentary information used in preparation of the Change Order or amendment shall be added to the cabinet to be held with the other EPDs. The EPDs will be held in such cabinet or otherwise maintained until all of the following have occurred: (a) 180 days have elapsed from the later of Final Acceptance of the Project or termination of this DBA, as applicable;
Escrowed Proposal Documents. Contractor has delivered to Authority all documentary information used in preparation of the Contract Amount (the “Escrowed Proposal Documents”). The EPDs are held in a locked fireproof cabinet supplied by Contractor and located in Authority's offices or in another location as designated by Authority, with the key held only by Contractor. Concurrently with submission of quotations or revisions to quotations provided in connection with formally proposed amendments to the Contract and concurrently with approval of each Change Order, if appropriate, as determined solely by Authority, one copy of all documentary information used in preparation of the quotation or Change Order shall be added to the cabinet to be held with the other EPDs. The EPDs will be held in such cabinet or otherwise maintained subject to this section until expiration or termination of the Contract, all disputes regarding the Contract have been settled and final payment on the Contract has been made by Authority and accepted by Contractor.
Escrowed Proposal Documents. Prior to execution of this Agreement, Fabricator delivered into escrow one copy of all documentary information used in preparation of the Price (the “EPDs”). Upon execution of this Agreement, the EPDs shall be transferred from escrow and held in locked fireproof cabinet(s) supplied by Fabricator and located in TxDOT’s project office with the key held only by Fabricator. Concurrently with approval of each Change Order or amendment to any Contract Document, one copy of all documentary information used in preparation of the Change Order or amendment shall be added to the cabinet to be held with the other EPDs. The EPDs will be held in such cabinet or otherwise maintained until all of the following have occurred: (a) 180 days have elapsed from the later of Final Acceptance or termination of this Agreement, as applicable; (b) all disputes regarding the Work have been settled; and (c) Final Payment has been made and accepted.
Escrowed Proposal Documents. The Contractor has delivered to the Authority all documentary information used in preparation of the Contract Price (the “Escrowed Proposal Documents” or EPDs). The EPDs are held in a locked fireproof cabinet supplied by the Contractor and located in the Authority's offices or in another location as designated by the Authority, with the key held only by the Contractor. Concurrently with submission of quotations or revisions to quotations provided in connection with formally proposed amendments to the Contract and concurrently with approval of each Change Order, if appropriate, as determined solely by the Authority, all documentary information used in preparation of the quotation or Change Order shall be added to the cabinet to be held with the other EPDs. The EPDs will be held in such cabinet or otherwise maintained subject to this Section until all of the following have occurred: Expiration of Contractor's warranties or termination of the Work, as applicable; All disputes regarding the Contract have been settled; and Final payment on the Contract has been made by the Authority and accepted by the Contractor.
Escrowed Proposal Documents. Prior to execution of this Capital Maintenance Contract, DB Contractor delivered to TxDOT one copy of all cost, unit pricing, price quote and other documentary information used in preparation of the Maintenance Price (the “EPDs”). Upon execution of this Capital Maintenance Contract, the DocuSign Envelope ID: 8320AD6C-99DF-41FA-9908-4E441F89A70B EPDs shall be held in locked fireproof cabinets supplied by DB Contractor and located in an office designated by TxDOT with the key held only by DB Contractor. Concurrently with approval of each Change Order or amendment to any CMC Document, one copy of all documentary information used in preparation of the Change Order or amendment shall be added to the cabinet to be held with the other EPDs. The EPDs will be held in such cabinet or otherwise maintained until all of the following have occurred: (a) Warranty Period and all required extensions have expired as required under Section 3.6.1; (b) all Claims or Disputes regarding the Maintenance Services have been settled; and (c) Final Payment has been made and accepted.
Escrowed Proposal Documents