Escrow for JADE Clause Samples

Escrow for JADE. The Service Provider represents and warrants that Gas Industry Co has the ability to join the JADE Community Incorporated Society (the Society). The Society has been independently established to provide a level of support in the event that the Service Provider experiences an event as broadly set out in Clause 13.1.3. Gas Industry Co acknowledges that: 15.7.1 if it elects not to join the Society then in the event of a company failure of the Service Provider then Gas Industry Co will not have an automatic right to join the Society and it will have no claim over the rights to the Source Material for JADE; 15.7.2 if Gas Industry Co joins the Society then its only claim over the Source Materials for JADE is governed by the rules of the Society; and 15.7.3 Costs for Gas Industry Co to join the Society are to be met by Gas Industry Co.