Examples of Technology Escrow Agent in a sentence
CBKC shall have the right at any time to contact the Technology Escrow Agent for the purpose of confirming that the Technology Deposit Materials in the escrow account have been updated if and as required by this Section.
If Marketer objects in good faith, the dispute will be resolved in accordance with Section 15.4 of the Agreement, and the Technology Escrow Agent shall only release the Technology Deposit Materials to CBKC if there is a final non-appealable determination that a Release Event has properly occurred.
The Technology Escrow Agreement shall provide CBKC the right, at CKBC’s expense, to audit or verify the Technology Escrow Deposits once each calendar year upon providing the Technology Escrow Agent with reasonable advanced notice.
If the Technology Escrow Agreement terminates or otherwise expires for any reason during the Term, Z-Tel will immediately enter into a new escrow arrangement with the Technology Escrow Agent (or another independent escrow agent reasonably acceptable to Sprint to serve as Technology Escrow Agent) substantially in the form of Exhibit C and in accordance with this Section 14.3.
The Technology Escrow Agent shall return to Marketer the Technology Deposit Materials specified in this Section upon expiration or termination of this Agreement for any reason other than a termination of this Agreement for cause by CBKC due to Marketer’s actions or inactions pursuant to SECTION XI of the Agreement, and the Technology Escrow Agreement shall thereafter terminate.
If Duke Energy fails to pay all charges of the Technology Escrow Agent, the Technology Escrow Agreement shall terminate, and the Technology Escrow Agent shall return to Ambient all of the Technology Deposit Materials.
Promptly upon execution of the Technology Escrow Agreement, Ambient shall deliver to and keep the Technology Escrow Agent updated from time to time with a complete set of the Technology Deposit Materials.
Ambient acknowledges that Duke Energy’s selection of Iron Mountain Intellectual Property Management, Inc., or an Affiliate or successor thereto, as the Technology Escrow Agent shall be deemed to be acceptable to Ambient.
The Technology Escrow Agent shall provide CBKC with verification that the items deposited by Marketer comply with the requirements of this Section.
The Parties will designate a mutually acceptable neutral third party who, at Sprint's expense and request from time to time, will audit the Technology Escrow Materials that Z-Tel deposits with the Technology Escrow Agent for purposes of determining whether Z-Tel has fulfilled its deposit obligations under this Section XIV.