Common use of Escrow Account Clause in Contracts

Escrow Account. Upon the Effective Date, Contractor agrees to enter into an escrow agreement (“Escrow Agreement”) with a third party escrow agent to be mutually agreed upon by the Parties (“Escrow Agent”). Contractor shall be responsible for establishment, administration and cost of the escrow account. Upon execution of the Escrow Agreement, Contractor shall deliver to the Escrow Agent a copy of the Source Code for the Licensed Software, together with all supporting information, tools, notes and other information necessary and sufficient to allow a reasonably qualified person to support, maintain, modify and prepare derivative works of the Licensed Software and other related Deliverables (collectively the “Source Code Materials”).

Escrow Account. Upon the Effective Date, Contractor agrees to enter into an escrow agreement (“Escrow Agreement”) with a third third-party escrow agent to be mutually agreed upon by the Parties (“Escrow Agent”). Contractor shall be responsible for establishment, administration and cost of the escrow account. Upon execution of the Escrow Agreement, Contractor shall deliver to the Escrow Agent a copy of the Source Code for the Licensed Software, together with all supporting information, tools, notes and other information necessary and sufficient to allow a reasonably qualified person to support, maintain, modify and prepare derivative works of the Licensed Software and other related Deliverables (collectively the “Source Code Materials”).

Escrow Account. Upon the Effective Date, Contractor agrees to enter into an escrow agreement (“Escrow Agreement”) with a third third-party escrow agent to be mutually agreed upon by the Parties (“Escrow Agent”). Contractor shall be responsible for establishment, administration administration, and cost of the escrow account. Upon execution of the Escrow Agreement, Contractor shall deliver to the Escrow Agent a copy of the Source Code for the Licensed Software, together with all supporting information, tools, notes and other information necessary and sufficient to allow a reasonably qualified person to support, maintain, modify and prepare derivative works of the Licensed Software and other related Deliverables (collectively the “Source Code Materials”).

Escrow Account. Upon the Effective Date, Contractor agrees to enter into an a mutually agreed upon escrow agreement (“Escrow Agreement”) with a third party escrow agent to be mutually agreed upon by the Parties (“Escrow Agent”). Contractor shall be responsible for establishment, administration and cost of the escrow account. Upon execution of the Escrow Agreement, Contractor shall deliver to the Escrow Agent a copy of the Source Code for the Licensed Software, together with all supporting information, tools, notes and other information necessary and sufficient to allow a reasonably qualified person to support, maintain, modify and prepare derivative works of the Licensed Software and other related Deliverables (collectively the “Source Code Materials”).

Escrow Account. Upon the Effective Date, Contractor agrees to enter into an escrow agreement (“Escrow Agreement”) with a third third-party escrow agent to be mutually agreed upon by the Parties (“Escrow Agent”). Contractor shall be responsible for establishment, administration administration, and cost of the escrow account. Upon execution of the Escrow Agreement, Contractor shall deliver to the Escrow Agent a copy of the Source Code for the Licensed Software, together with all supporting information, tools, notes notes, and other information necessary and sufficient to allow a reasonably qualified person to support, maintain, modify modify, and prepare derivative works of the Licensed Software and other related Deliverables (collectively the “Source Code Materials”).