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, Danish Escrow Institute will delete the material held in escrow and confirm deletion of the material and closure of the depository.

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, Danish Escrow Institute will delete the material held in escrow and confirm deletion of the material and closure of the depository.

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 expiry/termination of the Escrow Agreement, Danish Escrow Institute will delete the material held in escrow and confirm deletion of the material and closure of the depository. The Danish Escrow Institute can demand that the parties to this Escrow Agreement cover related expenses.