Common use of Objection Period Clause in Contracts

Objection Period. Escrow Agent shall, within five (5) business days after receipt of such notification, send to Licensors a photostatic copy of such notice and accompanying documentation by and form of mail or delivery which results in a receipt for delivery or attempted delivery. Licensors shall have thirty (30) days from the first date on which delivery of such notice is attempted or accomplished ("Objection Period") to notify Escrow Agent of its objection ("Objection Notice") to the release of the Deposited Materials to Licensee and to request that the issue of Licensee's entitlement to a copy of the Deposited Materials be submitted to arbitration in accordance with the provisions of Paragraph 4.3.