Common use of Source Code Escrow Agreement Clause in Contracts

Source Code Escrow Agreement. Upon receipt of all applicable fees from Customer associated with said escrow, MPOWER acknowledges that it shall deliver to Norwest Bank, an escrow agent (the "Escrow Agent") the Source Code for MPOWER Release. During the term of the license for the MPOWER Release granted in this Agreement, MPOWER shall deliver to the Escrow Agent all modifications of the said Source Code so as to ensure that the Source Code in possession of the Escrow Agent represents at all times the most current version of MPOWER Release being operated by Customer. In addition, if Customer uses the MPOWER Product Source Code, it will only be for the purposes for which the Object Code is licensed under this Agreement and not for re-license, reverse engineering or to create a derivative product. The Confidential and Proprietary Information provisions of Section II apply also to the Source Code.