Visual Deposit Inspection Sample Clauses

Visual Deposit Inspection. Escrow Agent shall acknowledge receipt of each deposit of Escrow Materials by sending written acknowledgement thereof to both Licensor and Cisco. Thereafter, Escrow Agent shall conduct a visual deposit inspection of the Escrow Materials. Escrow Agent shall determine whether the labeling of the Escrow Materials matches the item description and quantity on Attachment A. In the event that the Escrow Agent determines that the labeling does not match the description and quantity on Attachment A, Escrow Agent shall identify and specify in detail each such discrepancy on the Material Acknowledgement Form (Attachment A, which is hereby incorporated by this reference) and mail a copy thereof to Licensor and Cisco. Other than Escrow Agent’s visual inspection of the Escrow Materials, Escrow Agent shall have no obligation or responsibility to verify the accuracy or completeness of the Escrow Materials, unless Cisco requests Escrow Agent to perform additional verification services. Upon such request, Cisco and Escrow shall agree in writing for the fee arrangement for such additional verification services.