Common use of Excess Deposit Materials Clause in Contracts

Excess Deposit Materials. In the event that the release of the contents of a Deposit Account results in Popular receiving Deposit Materials that are not Specified Materials (“Excess Deposit Materials”), Popular will deliver such Excess Deposit Materials to Iron Mountain for redeposit into escrow and destroy any copies thereof still in its possession.

Appears in 3 contracts

Samples: Technology Agreement (EVERTEC, Inc.), Technology Agreement (Popular Inc), Technology Agreement (Popular Inc)

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Excess Deposit Materials. In the event that the release of the contents of a Deposit Account results in Popular receiving Deposit Materials that are not Specified Materials (“Excess Deposit Materials”), Popular will deliver such Excess Deposit Materials to Iron Mountain for redeposit into escrow and destroy any copies thereof still in its possession.. ARTICLE V CLAWBACK RIGHT Section

Appears in 2 contracts

Samples: Technology Agreement, Technology Agreement

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