Storage and Security. a. Escrow Agent shall act as custodian of the Deposit until the escrow is terminated pursuant to Section 12 (Termination) of this Escrow Agreement. Escrow Agent shall establish, under its control, a secure receptacle for the purpose of storing the Deposit and shall put the receptacle under the control of one or more of its officers, selected by Escrow Agent, whose identity shall be available to Company and 3Com at all times. Escrow Agent shall exercise a professional level of care in carrying out the terms of this Escrow Agreement.
Appears in 2 contracts
Samples: Escrow Agreement (Com21 Inc), Escrow Agreement (Com21 Inc)
Storage and Security. a. 3.1 Escrow Agent shall act as custodian of the Deposit until the escrow is terminated pursuant to Section 12 11 ("Termination") of this Escrow Agreement. Escrow Agent shall establish, under its control, a secure receptacle for the purpose of storing the Deposit and shall put the receptacle under the control of one or more of its officers, selected by Escrow Agent, whose identity shall be available to Company and 3Com at all times. Escrow Agent shall exercise a professional level of care in carrying out the terms of this Escrow AgreementDeposit.
Appears in 1 contract
Samples: Software Development and License Agreement (Enlighten Software Solutions Inc)
Storage and Security. a. (a) Escrow Agent shall act as custodian of the Deposit Documentation until the escrow is terminated terminated, pursuant to Section 12 (Termination) 10 of this Escrow Agreement. Escrow Agent shall establish, under its control, a secure receptacle for the purpose of storing the Deposit and shall put the receptacle under the control of one or more of its officers, selected by Escrow Agent, whose identity shall be available to Company and 3Com at all times. Escrow Agent shall exercise a professional level of care in carrying out the terms of this Escrow AgreementDocumentation.
Appears in 1 contract
