Common use of Right to Use Following Release Clause in Contracts

Right to Use Following Release. Beneficiary has the right under this Agreement to use the Deposit Material for the sole purpose of continuing the benefits afforded to Beneficiary by the License Agreement. Notwithstanding, the Beneficiary shall not have access to the Deposit Material unless there is a release of the Deposit Material in accordance with this Agreement. Beneficiary shall be obligated to maintain the confidentiality of the released Deposit Material.

Appears in 2 contracts

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

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Right to Use Following Release. Beneficiary has the right under this Agreement to use the Deposit Material for the sole purpose of continuing the benefits afforded to Beneficiary by the License Agreement. Notwithstanding, the Beneficiary shall not have access to the Deposit Material unless there is a release of the Deposit Material in accordance with this Agreement. Beneficiary shall be obligated to maintain the confidentiality of the released Deposit Material. From time to time, technology escrow beneficiaries may exercise their right to perform verification services. This is a service that Iron Mountain provides for the purpose of validating relevance, completeness, currency, accuracy and functionality of deposit materials.

Appears in 2 contracts

Samples: License Agreement (Emerging Delta Corp), Supply and License Agreement (Bioheart, Inc.)

Right to Use Following Release. Beneficiary has the right under this Agreement to use the Deposit Material Materials for the sole purpose of continuing the benefits afforded to Beneficiary by the License Services Agreement. Notwithstanding, the Beneficiary shall not have access to the Deposit Material Materials unless there is a release of the Deposit Material Materials in accordance with this Agreement. Beneficiary shall be obligated to maintain the confidentiality of the released Deposit Material.

Appears in 1 contract

Samples: Services Agreement (Bottomline Technologies Inc /De/)

Right to Use Following Release. Beneficiary has the right under this Agreement to use the Deposit Material for the sole purpose of continuing the benefits afforded to Beneficiary by the License Agreement. NotwithstandingNotwithstanding the preceding sentence, the Beneficiary shall not have access to the Deposit Material unless there is a release of the Deposit Material in accordance with this the Agreement. Beneficiary shall be obligated to maintain the confidentiality of the released Deposit Material.

Appears in 1 contract

Samples: Custom Technology Deposit Account Service Agreement

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Right to Use Following Release. Beneficiary has the right under this Agreement to use the Deposit Material material for the sole purpose of continuing the benefits afforded to Beneficiary by the Master Professional Services Agreement and License Agreement. Notwithstanding, the Beneficiary shall not have access to the Deposit Material unless there is a release of the Deposit Material in accordance with this Agreement. Beneficiary shall be obligated to maintain the confidentiality of the released Deposit Material.

Appears in 1 contract

Samples: Escrow Agreement

Right to Use Following Release. Beneficiary has the right under this Agreement to use the Deposit Material for the sole purpose of continuing the benefits afforded to Beneficiary by the License AgreementContract. Notwithstanding, the Beneficiary shall not have access to the Deposit Material unless there is a release of the Deposit Material in accordance with this Agreement. Beneficiary shall be obligated Beneficiary’s obligations with respect to maintain the confidentiality of the released Deposit MaterialMaterial shall be as set forth in the Contract.

Appears in 1 contract

Samples: Three Party Escrow Service Agreement

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