Master Escrow Agreement definition
Examples of Master Escrow Agreement in a sentence
Except as otherwise expressly indicated, or unless the context otherwise requires, any capitalized term used but not defined herein shall be ascribed the meaning given such term in the Master Escrow Agreement.
The Sprint Master Escrow Agreement described in this Section 11 [Source Code Escrow] provides that if certain release conditions occur, Sprint may give written notice to DSI, specifying that a release condition has occurred, and DSI will promptly deliver to Sprint all Deposit Materials.
This Section shall not negate, reduce, or otherwise modify the obligations of ICANN and Escrow Agent to each other under the Master Escrow Agreement.
The Holdback Shares shall be maintained in an escrow account (the “Escrow Account”) pursuant to the Master Escrow Agreement.
In conjunction with a distribution of the Deposit Materials described in the Section 11 [Source Code Escrow], Service Provider grants to Sprint the perpetual right and license to use, modify, disassemble and enhance, the released source code of the Software Product licensed by Sprint under the rights and restrictions set forth in this Agreement and the Sprint Master Escrow Agreement.
In the event of such termination of (i) this Agreement by ICANN for any reason, or (ii) termination of this Agreement concurrent with termination of the Master Escrow Agreement as provided therein, Escrow Agent and Registrar shall fully cooperate to allow the transfer of the Deposits and all responsibilities of the Escrow Agent to a successor escrow agent hereunder if requested by ICANN.
Within the later of 7 days of execution of the Sprint Master Escrow Agreement by Service Provider, or 30 days after the release of the Software Product, Service Provider will deposit with DSI, at Service Provider’s sole expense, the source code of the Software Product under the terms and conditions of the Sprint Master Escrow Agreement.
If Service Provider or its successors or representatives, including any bankruptcy trustee, rejects or terminates this Agreement under Title 11, § 365 of the United States Code (or any replacement provision), Sprint has the right to exercise its right under the Sprint Master Escrow Agreement.
Where Registrar makes such an election, Registrar’s Deposit obligations under this Agreement shall continue until Registrar successfully makes its initial Deposit with a TPP, at which time, this Agreement shall be deemed terminated and ICANN will notify Escrow Agent accordingly, provided, however, that such termination shall not modify or relieve Escrow Agent of its responsibilities and duties hereunder to the extent provided herein or in the Master Escrow Agreement.
If the Master Escrow Agreement is terminated, and accordingly the Escrow Agent terminates this Agreement, Escrow Agent shall so notify Registrar in writing.