Common use of Storage and Security Clause in Contracts

Storage and Security. 3.1 Escrow London shall act as custodian of the Deposit Materials until the escrow is terminated pursuant to Section 8 of this Agreement. Escrow London shall maintain the Deposit Materials in a locked facility for the purpose of storing the Deposit Materials. 3.2 Subject to Section 5.5 below, Depositor shall remain at all times the sole owner of the Deposit Materials deposited with Escrow London pursuant to this Agreement and shall retain all rights and interests attached thereto. 3.3 Except as provided in this Agreement, Escrow London agrees that: (a) It shall not divulge, disclose or otherwise make available the Deposit Materials to any parties other than Depositor, or make any use whatsoever of the Deposit Materials; (b) It shall not permit any person access to the Deposit Materials, except as may be necessary for Escrow London’s authorized representatives to perform its functions under this Agreement; (c) Access to the Deposit Materials by Depositor shall be granted by Escrow London only to those persons duly authorized in writing by an officer of Depositor; 3.5 Escrow London’s sole responsibility shall be to accept, store and deliver the Deposit Materials deposited with it by Depositor, in accordance with the terms and conditions of this Agreement.

Appears in 3 contracts

Samples: Software Escrow Agreement, Software Escrow Agreement, Saas Software Escrow Agreement

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Storage and Security. 3.1 3.1. Escrow London shall act as custodian of the Deposit Materials until the escrow is terminated pursuant to Section 8 of this Agreement. Escrow London shall maintain the Deposit Materials in a locked facility for the purpose of storing the Deposit Materials. 3.2 3.2. Subject to Section 5.5 5.6 below, Depositor shall remain at all times the sole owner of the Deposit Materials deposited with Escrow London pursuant to this Agreement and shall retain all rights and interests attached thereto. 3.3 3.3. Except as provided in this Agreement, Escrow London agrees that: (a) 3.3.1. It shall not divulge, disclose or otherwise make available the Deposit Materials to any parties other than Depositor, or make any use whatsoever of the Deposit Materials; (b) 3.3.2. It shall not permit any person access to the Deposit Materials, except as may be necessary for Escrow London’s authorized authorised representatives to perform its functions under this Agreement; (c) 3.3.3. Access to the Deposit Materials by Depositor shall be granted by Escrow London only to those persons duly authorized authorised in writing by an officer of Depositor; 3.5 3.4. Escrow London’s sole responsibility shall be to accept, store and deliver the Deposit Materials deposited with it by Depositor, in accordance with the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Multi Beneficiary Software Escrow Agreement, Software Escrow Agreement

Storage and Security. 3.1 Escrow London shall act as custodian of the Deposit Materials Documentation until the escrow is terminated pursuant to Section 8 of this Agreement. Escrow London shall maintain the Deposit Materials Documentation in a locked facility for the purpose of storing the Deposit MaterialsDocumentation. 3.2 Subject to Section 5.5 below, Depositor shall remain at all times the sole owner of the Deposit Materials Documentation deposited with Escrow London pursuant to this Agreement and shall retain all rights and interests attached thereto. 3.3 Except as provided in this Agreement, Escrow London agrees that: (a) It shall not divulge, disclose or otherwise make available the Deposit Materials Documentation to any parties other than Depositor, or make any use whatsoever of the Deposit MaterialsDocumentation; (b) It shall not permit any person access to the Deposit MaterialsDocumentation, except as may be necessary for Escrow London’s authorized representatives to perform its functions under this Agreement; (c) Access to the Deposit Materials Documentation by Depositor shall be granted by Escrow London only to those persons duly authorized in writing by an officer of Depositor; 3.5 Escrow London’s sole responsibility shall be to accept, store and deliver the Deposit Materials Documentation deposited with it by Depositor, in accordance with the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Software Escrow Agreement, Saas Software Escrow Agreement

Storage and Security. 3.1 3.1. Escrow London shall act as custodian of the Deposit Materials until the escrow is terminated pursuant to Section 8 of this Agreement. Escrow London shall maintain the The Deposit Materials in may be stored on a Virtual Server and/or within a secure locked facility for the purpose of storing the Deposit Materialsstorage facility. 3.2 3.2. Subject to Section 5.5 5.7 below, Depositor shall remain at all times the sole owner of the Deposit Materials deposited with Escrow London pursuant to this Agreement and shall retain all rights and interests attached thereto. 3.3 3.3. Except as provided in this Agreement, Escrow Xxxxxx London agrees that: (a) 3.3.1. It shall not divulge, disclose or otherwise make available the Deposit Materials to any parties other than Depositor, or make any use whatsoever of the Deposit Materials; (b) 3.3.2. It shall not permit any person access to the Deposit Materials, except as may be necessary for Escrow London’s authorized representatives to perform its functions under this Agreement; (c) 3.3.3. Access to the Deposit Materials by Depositor shall be granted by Escrow London only to those persons duly authorized in writing by an officer of Depositor;. 3.5 3.4. Escrow London shall automatically monitor the electronic invoices received for all listed Third-Party Vendors where such electronic invoices are made available to Escrow London’s sole responsibility shall . A manual check of the payment history for each Third-Party Vendor will be to acceptperformed on a scheduled basis as defined in Schedule 1. 3.4.1. In the event that an invoice is deemed as unpaid or overdue, store Xxxxxx London will promptly notify the Depositor and deliver the Deposit Materials deposited with it by Depositor, Beneficiary in accordance with the terms and conditions of this Agreementwriting.

Appears in 1 contract

Samples: Saas Single Beneficiary Software Escrow Agreement

Storage and Security. 3.1 3.1. Escrow London shall act as custodian of the Deposit Materials until the escrow is terminated pursuant to Section 8 of this Agreement. Escrow London shall maintain the Deposit Materials in a locked facility for the purpose of storing the Deposit Materials. 3.2 3.2. Subject to Section 5.5 5.6 below, Depositor shall remain at all times the sole owner of the Deposit Materials deposited with Escrow London pursuant to this Agreement and shall retain all rights and interests attached thereto. 3.3 3.3. Except as provided in this Agreement, Escrow London agrees that: (a) 3.3.1. It shall not divulge, disclose or otherwise make available the Deposit Materials to any parties other than Depositor, or make any use whatsoever of the Deposit Materials; (b) 3.3.2. It shall not permit any person access to the Deposit Materials, except as may be necessary for Escrow London’s authorized representatives to perform its functions under this Agreement; (c) 3.3.3. Access to the Deposit Materials by Depositor shall be granted by Escrow London only to those persons duly authorized in writing by an officer of Depositor; 3.5 3.4. Escrow London’s sole responsibility shall be to accept, store and deliver the Deposit Materials deposited with it by Depositor, in accordance with the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Software Escrow Agreement

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Storage and Security. 3.1 3.1. Escrow London shall act as custodian of the Deposit Materials until the escrow is terminated pursuant to Section 8 of this Agreement. Escrow London shall maintain the The Deposit Materials in may be stored on a Virtual Server and/or within a secure locked facility for the purpose of storing the Deposit Materialsstorage facility. 3.2 3.2. Subject to Section 5.5 5.7 below, Depositor shall remain at all times the sole owner of the Deposit Materials deposited with Escrow London pursuant to this Agreement and shall retain all rights and interests attached thereto. 3.3 3.3. Except as provided in this Agreement, Escrow London agrees that: (a) 3.3.1. It shall not divulge, disclose or otherwise make available the Deposit Materials to any parties other than Depositor, or make any use whatsoever of the Deposit Materials; (b) 3.3.2. It shall not permit any person access to the Deposit Materials, except as may be necessary for Escrow London’s authorized representatives to perform its functions under this Agreement; (c) 3.3.3. Access to the Deposit Materials by Depositor shall be granted by Escrow London only to those persons duly authorized in writing by an officer of Depositor;. 3.5 3.4. Escrow London shall automatically monitor the electronic invoices received for all listed Third-Party Vendors where such electronic invoices are made available to Escrow London’s sole responsibility shall . A manual check of the payment history for each Third-Party Vendor will be to acceptperformed on a scheduled basis as defined in Schedule 1. 3.4.1. In the event that an invoice is deemed as unpaid or overdue, store Escrow London will promptly notify the Depositor and deliver the Deposit Materials deposited with it by Depositor, Beneficiary in accordance with the terms and conditions of this Agreementwriting.

Appears in 1 contract

Samples: Saas Single Beneficiary Software Escrow Agreement

Storage and Security. 3.1 3.1. Escrow London shall act as custodian of the Deposit Materials until the escrow is terminated pursuant to Section 8 7 of this Agreement. Escrow London shall maintain the Deposit Materials in a locked facility for the purpose of storing the Deposit Materials. 3.2 3.2. Subject to Section 5.5 5.6 below, Depositor shall remain at all times the sole owner of the Deposit Materials deposited with Escrow London pursuant to this Agreement and shall retain all rights and interests attached thereto. 3.3 3.3. Except as provided in this Agreement, Escrow London agrees that: (a) 3.3.1. It shall not divulge, disclose or otherwise make available the Deposit Materials to any parties other than Depositor, or make any use whatsoever of the Deposit Materials; (b) 3.3.2. It shall not permit any person access to the Deposit Materials, except as may be necessary for Escrow London’s authorized representatives to perform its functions under this Agreement; (c) 3.3.3. Access to the Deposit Materials by Depositor shall be granted by Escrow London only to those persons duly authorized in writing by an officer of Depositor; 3.5 3.4. Escrow London’s sole responsibility shall be to accept, store and deliver the Deposit Materials deposited with it by Depositor, in accordance with the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement

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