Common use of Request for Release Clause in Contracts

Request for Release. If Preferred Beneficiary believes in good faith that ------------------- a release condition has occurred, Preferred Beneficiary may provide Escrow Agent written notice that a Release Condition and a request for release of the Deposit Materials. The request will include instructions to Escrow Agent for accomplishing the release, and a description in full detail of the release condition that Preferred Beneficiary believes occurred. Escrow Agent will immediately send the notice to Depositor by overnight carrier.

Appears in 8 contracts

Samples: Procurement Agreement (Corvis Corp), Procurement Agreement (Corvis Corp), Procurement Agreement (Corvis Corp)

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Request for Release. If Preferred Beneficiary believes in good faith that ------------------- a release condition has occurred, Preferred Beneficiary may provide Escrow Agent written notice that a Release Condition and a request for release of the Deposit Materials. The request will include instructions to Escrow Agent for accomplishing the release, and a description in full detail of the release condition that Preferred Beneficiary believes occurred. Escrow Agent will immediately send the notice to Depositor by overnight carrier. Confidential materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions.

Appears in 1 contract

Samples: Procurement Agreement (Corvis Corp)

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