Common use of Release of Deposit Materials Clause in Contracts

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. 5.2. Unless Escrow London receives Contrary Instructions (as defined below) by an officer of Depositor within ten (10) Business Days after sending the Notice, the Deposit Materials then in escrow shall be delivered to Beneficiary by Escrow London within the next ten (10) Business Days following the end of such ten-day period.

Appears in 2 contracts

Samples: Software Escrow Agreement, Software Escrow Agreement

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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, courier or registered mail or electronic mail. 5.2. Unless Escrow London receives Contrary Instructions (as defined below) by an officer of Depositor within ten (10) Business Days after sending the Notice, the Deposit Materials then in escrow shall be delivered to Beneficiary by Escrow London within the next ten (10) Business Days following the end of such ten-day period.

Appears in 1 contract

Samples: Multi Beneficiary Software Escrow Agreement

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, courier or registered mail or electronic mail. 5.2. Unless Escrow London receives Contrary Instructions (as defined below) by an officer of Depositor within ten (10) 10 Business Days after sending the Notice, the Deposit Materials then in escrow shall be delivered to Beneficiary by Escrow London within the next ten (10) 10 Business Days following the end of such ten-day period.

Appears in 1 contract

Samples: Escrow Agreement

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 mailemail. 5.2. Unless Escrow London receives Contrary Instructions (as defined below) by an officer of Depositor within ten (10) Business Days after sending the Notice, the Deposit Materials then in escrow shall be delivered to Beneficiary by Escrow London within the next ten (10) Business Days following the end of such ten-day period.

Appears in 1 contract

Samples: Software Escrow Agreement

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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 mailemail. 5.2. Unless Escrow London receives Contrary Instructions (as defined below) by an officer of Depositor within ten (10) Business Days after sending the Notice, the Deposit Materials then in escrow shall be delivered to Beneficiary by Escrow London within the next ten (10) Business Days following the end of such ten-day period.

Appears in 1 contract

Samples: Multi Beneficiary Software Escrow Agreement

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