Common use of Contrary Instructions Clause in Contracts

Contrary Instructions. From the date DSI transmits the notice requesting release of the Deposit Materials, Depositor shall have two (2) business days to deliver to DSI contrary instructions ("Contrary Instructions"). Contrary Instructions shall mean the written representation by Depositor that a Release Condition has not occurred or has been cured. Upon receipt of Contrary Instructions, DSI shall send a copy to Preferred Beneficiary by facsimile and overnight courier. After transmitting Contrary Instructions to DSI, Depositor shall have ten (10) calendar days to provide Preferred Beneficiary with material information which establishes that none of the Release Conditions have occurred ("Material Information"). A copy of the Material Information shall be simultaneously sent to DSI. If Depositor provides such Material Information to Preferred Beneficiary, DSI shall notify both Depositor and Preferred Beneficiary that there is a dispute to be resolved pursuant to Section 7.3 of this Agreement. Subject to Section 5.2 of this Agreement, DSI will continue to store the Deposit Materials without release pending (a) joint instructions from Depositor and Preferred Beneficiary; (b) dispute resolution pursuant to Section 7.3; or (c) order of a court.

Appears in 3 contracts

Samples: Development, License and Hosting Agreement (Orbitz Inc), Development, License and Hosting Agreement (Orbitz Inc), Development, License and Hosting Agreement (Orbitz Inc)

AutoNDA by SimpleDocs

Contrary Instructions. From the date DSI transmits delivers the notice requesting release of the Deposit Materialsdeposit materials, if the Release Condition is one defined in 4. 1 (b), 4. 1 (d) or 4. 1 (e) Depositor shall have two (2) ten business days to deliver to DSI contrary instructions Contrary Instructions. If the Release Condition is one defined in 4. 1 (a) or (c), DSI shall release the deposit materials pursuant to Section 4.4 within 48 hours of giving notice to the Depositor under Section 4.2. "Contrary Instructions"). Contrary Instructions " shall mean the written representation by Depositor that a Release Condition has not occurred or has been cured. Upon receipt of Contrary Instructions, DSI shall send deliver a copy to Preferred Beneficiary by facsimile and overnight courierBeneficiary. After transmitting Contrary Instructions to DSI, Depositor shall have ten (10) calendar days to provide Preferred Beneficiary with material information which establishes that none of the Release Conditions have occurred ("Material Information"). A copy of the Material Information shall be simultaneously sent to DSI. If Depositor provides such Material Information to Preferred BeneficiaryAdditionally, DSI shall notify both Depositor and Preferred Beneficiary that there is a dispute to be resolved pursuant to Section 7.3 the Dispute Resolution section of this AgreementAgreement (Section 7.3). Subject to Section 5.2 of this Agreement5.2, DSI will continue to store the Deposit Materials deposit materials without release pending (a) joint instructions from Depositor and Preferred Beneficiary; , (b) dispute resolution pursuant to Section 7.3; the Dispute Resolution provisions, or (c) order of a court.

Appears in 3 contracts

Samples: Services Agreement (Bid Com International Inc), Aim License Agreement (American Interactive Media Inc), License Agreement (Bid Com International Inc)

Contrary Instructions. From the date DSI transmits delivers the notice requesting release of the Deposit Materialsdeposit materials, if the Release Condition is one defined in 4.1(b), 4.1(d) or 4.1(e) Depositor shall have two (2) ten business days to deliver to DSI contrary instructions Contrary Instructions. If the Release Condition is one defined in 4.1(a) or (c), DSI shall release the deposit materials pursuant to Section 4.4 within 48 hours of giving notice to the Depositor under Section 4.2. "Contrary Instructions"). Contrary Instructions " shall mean the written representation by Depositor that a Release Condition has not occurred or has been cured. Upon receipt of Contrary Instructions, DSI shall send deliver a copy to Preferred Beneficiary by facsimile and overnight courierBeneficiary. After transmitting Contrary Instructions to DSI, Depositor shall have ten (10) calendar days to provide Preferred Beneficiary with material information which establishes that none of the Release Conditions have occurred ("Material Information"). A copy of the Material Information shall be simultaneously sent to DSI. If Depositor provides such Material Information to Preferred BeneficiaryAdditionally, DSI shall notify both Depositor and Preferred Beneficiary that there is a dispute to be resolved pursuant to Section 7.3 the Dispute Resolution section of this AgreementAgreement (Section 7.3). Subject to Section 5.2 of this Agreement5.2, DSI will continue to store the Deposit Materials deposit materials without release pending (a) joint instructions from Depositor and Preferred Beneficiary; , (b) dispute resolution pursuant to Section 7.3; the Dispute Resolution provisions, or (c) order of a court.

Appears in 2 contracts

Samples: Services Agreement (Bid Com International Inc), Services Agreement (Bid Com International Inc)

AutoNDA by SimpleDocs

Contrary Instructions. From the date DSI transmits delivers the notice requesting release of the Deposit Materialsdeposit materials, if the Release Condition is one defined in 4. 1 (b), 4.1 (d) or 4. 1 (e) Depositor shall have two (2) ten business days to deliver to DSI contrary instructions Contrary Instructions. If the Release Condition is one defined in 4. 1 (a) or (c), DSI shall release the deposit materials pursuant to Section 4.4 within 48 hours of giving notice to the Depositor under Section 4.2. "Contrary Instructions"). Contrary Instructions " shall mean the written representation by Depositor that a Release Condition has not occurred or has been cured. Upon receipt of Contrary Instructions, DSI shall send deliver a copy to Preferred Beneficiary by facsimile and overnight courierBeneficiary. After transmitting Contrary Instructions to DSI, Depositor shall have ten (10) calendar days to provide Preferred Beneficiary with material information which establishes that none of the Release Conditions have occurred ("Material Information"). A copy of the Material Information shall be simultaneously sent to DSI. If Depositor provides such Material Information to Preferred BeneficiaryAdditionally, DSI shall notify both Depositor and Preferred Beneficiary that there is a dispute to be resolved pursuant to Section 7.3 the Dispute Resolution section of this AgreementAgreement (Section 7.3). Subject to Section 5.2 of this Agreement5.2, DSI will continue to store the Deposit Materials deposit materials without release pending (a) joint instructions from Depositor and Preferred Beneficiary; , (b) dispute resolution pursuant to Section 7.3; the Dispute Resolution provisions, or (c) order of a court.

Appears in 2 contracts

Samples: Agreement (Bid Com International Inc), Agreement (Bid Com International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.