Release of Deposit Materials. 5.1. Upon the occurrence of any Event of Default (as defined in Section 4.1), an officer of Beneficiary must notify Escrow London by sending a statutory or notarized declaration as to such Event of Default (a “Notice”). The Notice must include a list of circumstances of the Event of Default and should include any supporting facts. Escrow London shall send a copy of the Notice to the Depositor by courier or registered mail.
Release of Deposit Materials. The Deposit Materials will be released to Beneficiary after the receipt of the written request for release only in the event that the release procedure set forth in Exhibit C is followed.
Release of Deposit Materials. Upon notice to the Escrow Agent, WMATA shall be entitled to immediately receive all Deposit Materials (including Requisite Source Code) from Escrow Agent upon the occurrence of an Escrow Release Trigger, as follows:
Release of Deposit Materials. 5.1. Upon the occurrence of any Event of Default (as defined in Section 4.1), an officer of Beneficiary must notify Escrow London by sending a statutory or notarized declaration as to such Event of Default (a “Notice”). The Notice must include a list of circumstances of the Event of Default and should include any supporting facts. Escrow London shall send a copy of the Notice to the Depositor by courier, registered mail or electronic mail. Escrow London shall send a copy of the Notice to the Depositor by courier, registered mail or electronic mail to the address provided for the Depositor Officer in Schedule 4. Notwithstanding clause 11, Notices under this clause 5 that are sent by email shall be deemed delivered on receipt of an automated delivery receipt or confirmation of receipt from the relevant server if before 5pm on a working day in the UK and otherwise on the next working day in the UK.
Release of Deposit Materials. In the event of the occurrence of any Release Condition (as defined below), the Deposit Materials in the escrow account shall be released to Millennium solely and exclusively for use by Millennium pursuant to Section
Release of Deposit Materials. If the Deposit Materials are released by the Escrow Agent due to the occurrence of a Release Condition consisting of a default under the Loan Agreement, Frankly may contest with Raycom whether the Release Condition was met, and if it is subsequently determined by a court of competent jurisdiction that the Release Condition was not met, Frankly and Raycom will renew their agreement with the Escrow Agent and Raycom will return the Deposit Materials to the Escrow Agent Raycom acknowledges that any release of the Deposit Materials or breach of the Loan Agreement will not, by themselves, relieve Raycom’s obligation to make payments under the License Agreement
Release of Deposit Materials. In the event of any Insolvency Event and where the design files need to be accessed by DIALOG to fix an Epidemic Defect or other Product design or production issue impacting yield or quality (“Release Condition”), the Escrow Agent will, in accordance with the terms of the escrow agreement between the parties and the Escrow Agent (the “Escrow Agreement”), release the Deposit Materials to DIALOG.
Release of Deposit Materials. If DSI (a) receives notice from Depositor regarding a Section 4.1(b) Release Condition; (b) does not receive Contrary Instructions from the Depositor pursuant to Section 4.3 above; or (c) is provided by Dispute Resolution pursuant to Section 7.3 herein, DSI shall release the Deposit Materials to Beneficiary and all items in the escrow account. However, DSI is entitled to receive any fees due DSI before making the release. Any copying expense in excess of $300 will be chargeable to Beneficiary. This Agreement will terminate upon the release of the Deposit Materials held by DSI.
Release of Deposit Materials. (a) Release - The Deposit Materials, including any copies thereof, will be released to the Licensee after the receipt of the written request for release only in the event that:
Release of Deposit Materials. (a) Release - The Deposit Materials, including any copies thereof, will be released to the Licensee after the receipt of the written request for release only in the event that: i. (A) Licensor notifies Escrow Associates in writing to effect such release or (B) Licensee makes written request to Escrow Associates; and ii. (A) Licensee asserts that the Licensor has failed in a material respect under the License Agreement or (B) there is any rejection or termination of the License Agreement or this Agreement by Licensor or its successors or representatives in breach of the provisions of the License Agreement or this Agreement, including in all events any rejection or termination of the License Agreement or any proposal to do so under Title 11 of the United States Code, as now constituted or hereafter amended (the "Bankruptcy Code"), or any other federal or state bankruptcy, insolvency, receivership, or similar law or (C) There is a failure of a trustee, including Licensor as debtor in possession, in any bankruptcy case hereafter filed by or against Licensor either to assume the License Agreement and this Agreement within fifteen (15) days after the filing of the initial bankruptcy petition or to perform the License Agreement and this Agreement within the meaning of Section 365(a)(4)(i) of the Bankruptcy Code, or (D) There is termination of substantially all of Licensor's ongoing business operations relating to the subject to the License Agreement and this Agreement, or (E) There is any liquidation of Licensor, or any sale, assignment, or foreclosure of or upon assets that are necessary for the performance by Licensor of its responsibilities under the License Agreement and this Agreement; and iii. Licensee includes a written statement that the deposit materials will be used in accordance with the terms of the License Agreement; and iv. Licensee includes specific instructions for the delivery of the deposit materials (b) Procedure - Upon receipt of a request for release from the Licensor, Escrow Associates will release the Deposit Materials within ten (10) business days. Upon receipt of a request for release from the Licensee, Escrow Associates will within ten (10) business days forward a copy of the request to the Licensor. i. Objection Period - Upon receipt of the request for release, Licensor will have thirty (30) days to make any and all objections to the release known to Escrow Associates in writing. If after thirty (30) days Escrow Associates has not recei...
