Common use of Escrow of Source Code Clause in Contracts

Escrow of Source Code. PHOENIX agrees to escrow the Source Code to the Licensed programs with Fort Knox ▇▇▇urities in Atlanta, Georgia under terms and conditions comparable to those contained in the LBS Master Escrow Agreement which provides among other events of release that LBS shall be entitled to release of the source code ("Release Events") in the event that PHOENIX: i. breaches its obligations to provide Consulting and/or Technical Support Services under the terms and conditions of this Agreement; 3 II. becomes insolvent or is unable to pay its debts in the normal course of business; or