Common use of Release of Deposit Material Clause in Contracts

Release of Deposit Material. If Iron Mountain does not receive Contrary Instructions from an authorized Depositor representative, Iron Mountain is authorized to release Deposit Material to the Beneficiary or, if more than one Beneficiary is registered to the deposit, to release a copy of Deposit Material to the Beneficiary. Iron Mountain is entitled to receive any uncollected Service fees due Iron Mountain from the Beneficiary before fulfilling the Work Request to release Deposit Material covered under this Agreement. This Agreement will terminate upon the release of Deposit Material held by Iron Mountain.

Appears in 8 contracts

Samples: Master Services Agreement, Master Services Agreement (Synacor, Inc.), Master Distribution Agreement (Bluearc Corp)

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Release of Deposit Material. If Iron Mountain does not receive Contrary Instructions from an authorized Depositor representative, Iron Mountain is authorized to release Deposit Material to the Beneficiary or, if more than one Beneficiary is registered to the deposit, to release a copy of Deposit Material to the Beneficiary. Iron Mountain is entitled to receive any uncollected undisputed, unpaid Service fees Fees due Iron Mountain from the Beneficiary Parties before fulfilling the Work Request to release Deposit Material covered under this Agreement. This Agreement will terminate upon the release Any Party may cure a default of Deposit Material held by Iron Mountainpayment of Service Fees.

Appears in 4 contracts

Samples: Supply and License Agreement, Procurement Agreement (ORBCOMM Inc.), Supply and License Agreement (Bioheart, Inc.)

Release of Deposit Material. If Iron Mountain does not receive timely Contrary Instructions from an authorized a Depositor representativeAuthorized Person or receives written instructions directly from Depositor’s Authorized Person to release a copy of the Deposit Material to the Beneficiary, then Iron Mountain is authorized to release Deposit Material to the Beneficiary or, if more than one Beneficiary is registered to the deposit, to release a copy of Deposit Material to the Beneficiary. Iron Mountain is entitled to receive any uncollected undisputed, unpaid Service fees Fees due Iron Mountain from the Beneficiary Parties before fulfilling the Work Request to release Deposit Material covered under this Agreement. This Agreement will terminate upon the release Any Party may cure a default of Deposit Material held by Iron Mountainpayment of Service Fees.

Appears in 1 contract

Samples: Credit Agreement (Frankly Inc)

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Release of Deposit Material. If Iron Mountain does not receive timely Contrary Instructions from an authorized a Depositor representativeAuthorized Person, Iron Mountain is authorized to release Deposit Material to the Beneficiary or, if more than one Beneficiary is registered to the deposit, to release a copy of Deposit Material to the Beneficiary. Iron Mountain is entitled to receive any uncollected undisputed, unpaid Service fees Fees due Iron Mountain from the Beneficiary Parties before fulfilling the Work Request to release Deposit Material covered under this Agreement. This Agreement will terminate upon the release Any Party may cure a default of Deposit Material held by Iron Mountainpayment of Service Fees.

Appears in 1 contract

Samples: Original Equipment Manufacturing and License Agreement (Avistar Communications Corp)

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