Common use of Termination of the Escrow Agreement Clause in Contracts

Termination of the Escrow Agreement. 11.1 This Escrow Agreement can be terminated at any time by the Customer and by the Customer and the Supplier jointly. 11.2 Termination shall be in writing with 3 months’ notice to the end of a calendar month. 11.3 This Escrow Agreement can also be terminated under the terms of the protected agreement. 11.4 If the Supplier and the Customer disagree as to whether the Supplier is entitled to terminate the Escrow Agreement, the Escrow Agreement cannot be terminated until the Supplier’s right to terminate has been documented by a final judgement, settlement or arbitration award. 11.5 Danish Escrow Institute can terminate the Escrow Agreement at any time with 6 months’ written notice to the end of a calendar month. In the event that Danish Escrow Institute terminates the Escrow Agreement, Danish Escrow Institute shall as far as possible help the parties to find a new place of escrow. 11.6 Upon expiry of the Escrow Agreement, the material held in escrow shall be returned in full discharge of Danish Escrow Institute’s obligations to the last known address of the Supplier. If the Supplier cannot be found, Danish Escrow Institute shall destroy the material. Danish Escrow Institute can demand that the parties to this Escrow Agreement cover related expenses.

Termination of the Escrow Agreement. 11.1 12.1 This Escrow Agreement can be terminated at any time by the Customer and by the Customer and the Supplier jointly. 11.2 12.2 Termination shall be in writing with 3 months’ notice to the end of a calendar month. 11.3 This 12.3 The Escrow Agreement can also be terminated under the terms of the protected agreement. 11.4 12.4 If the Supplier and the Customer disagree as to whether the Supplier is entitled to terminate the Escrow Agreementagreement, the Escrow Agreement cannot be terminated until the Supplier’s right to terminate has been documented by a final judgement, settlement or arbitration award. 11.5 12.5 The Danish Escrow Institute can terminate the Escrow Agreement at any time with 6 months’ written notice to the end of a calendar month. In the event that the Danish Escrow Institute terminates the Escrow Agreement, the Danish Escrow Institute shall as far as possible help the parties to find a new place of escrow. 11.6 12.6 Upon expiry of the Escrow Agreement, the material held in escrow shall be returned in full discharge of the Danish Escrow Institute’s obligations to the last known address of the Supplier. If the Supplier cannot be found, the Danish Escrow Institute shall destroy the material. The Danish Escrow Institute can demand that the parties to this Escrow Agreement cover related expenses.