Examples of Technology Escrow Agent in a sentence
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.
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.
Promptly upon execution of the Technology Escrow Agreement, Marketer shall deliver to and keep the Technology Escrow Agent updated from time to time with a complete set of the Technology Deposit Materials.
If Marketer does not object in such thirty (30) Business Day period, the Technology Escrow Agent shall release to CBKC the Technology Deposit Materials.
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 to such immediate release within thirty (30) Business Days after receipt of the notice from CBKC, the dispute will be resolved in accordance with Section 15.4, and CBKC shall return the Technology Deposit Materials to the Technology Escrow Agent if there is a final non-appealable determination that either a Systemic Error Condition did not exist or that, if one existed, that Marketer did respond as required above.
If Ambient does not object in such fifteen (15) Business Day period, the Technology Escrow Agent shall release to Duke Energy the Technology Deposit Materials.
The Parties shall designate a mutually acceptable neutral third party who, at the expense and request of MCI made from time to time, shall audit the materials deposited with the Technology Escrow Agent for purposes of determining whether Z-Tel has fulfilled its deposit obligations.
Notwithstanding the foregoing, if a Systemic Error Condition occurs and Marketer has not corrected that condition within twice the allocated response time set forth above and CBKC wishes to cause an escrow release, CBKC shall provide written notice of the same simultaneously to the Technology Escrow Agent and Marketer, and the Technology Escrow Agent may release the Technology Deposit Materials for the impacted Marketer Technology immediately to CBKC to address the Systemic Error Condition.
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.