Common use of Escrow Duration Clause in Contracts

Escrow Duration. The Source Code Escrow Agreement shall remain in effect until the earlier of (i) a Release Event has occurred for which a Release Expiration is not applicable, (ii) the obligation of Symbotic to provide support services to Walmart has been terminated as a result of Walmart’s non-payment of undisputed Charges or (iii) Walmart has terminated or elected not to receive support services from Symbotic.

Appears in 3 contracts

Sources: Master Automation Agreement (Symbotic Inc.), Purchase and Sale Agreement (Symbotic Inc.), Master Automation Agreement (SVF Investment Corp. 3)