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 email. 5.2. Unless Escrow London receives Contrary Instructions (as defined below) by an officer of Depositor within ten

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 email. 5.2. Unless Escrow London receives Contrary Instructions (as defined below) by an officer of Depositor within ten