Examples of Escrow Material in a sentence
An insured-deposit transfer may generate, for the benefit of the receivership, a premium paid by the bank that acts as a paying agent.32 Uninsured depositors and other creditors are given a receivership certificate for the uninsured portion of their funds.
Within [*] after the announced general availability of any of the Products, McDATA shall deposit with the Escrow Agent the most current production level of the Escrow Material, as defined in the Escrow Agreement.
Escrow Agent shall prohibit any person (including employees of Corillian) from gaining access to the Escrow Material except (a) as provided by the terms of this Agreement, or (b) as otherwise directed by court order.
If the Escrow Material is released to the Licensee, the title to the Media shall transfer to the Licensee.
Thereafter, upon payment of all fees and costs earned or incurred by Escrow Agent in connection with this Agreement, Escrow Agent shall deliver the Escrow Material to a successor escrow agent named by Corillian and Client or, if none, to the party named in written instructions from Corillian and Client.