Scc Escrow Agreement

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4 10 Release of material in accordance with item 8 (c) Licensee request to release equipment If the licensee sends a request to CSC in accordance with item 8 (c), CSC must immediately send a copy of the application to the licensee. The licensee challenges the publication of the material The licensee may order sCC, in a written statement (declaration) that the material will not be disclosed, within 10 days of the date CSC submitted the copy of the application. CSC immediately sends a copy of the statement to the licensee in accordance with item 17 above. If CSC does not receive this declaration within the allotted time, the material will be released to the licensee within 15 days of the date CSC received the application. The documents should be published in accordance with the last paragraph of Article 11. If CSC receives the return on time and the licensee orders CSC not to release the material, CSC will not release the material and will keep the material in trust in accordance with this Agreement. The licensee`s request for conciliation The licensee may apply for conciliation (request for arbitration) to the licensee in accordance with point 16 below, within 30 days of the date the copy of the statement was submitted by CSC. A copy of the arbitration application is sent to CSC. Final Price In the arbitration process, it is sufficient to determine whether any of the events mentioned in section 8 (c) above occurred at the time the application was forwarded to CSC. If the taker provides evidence that he has applied to the licensee within the aforementioned time and the Court of Arbitration decides that one of the events covered in item 8 (c) above occurred at the time the application was sent to CSC, CSC, upon written request from the licensee, and after receiving a written copy of the arbitration decision , immediately release the material to the licensee. In all other circumstances, CSC maintains the material in trust in accordance with this agreement. ALTERNATIVELY, the parties may agree that the material will be released against the payment of a guarantee to the taker, despite the donor`s statement that the material will not be released.

In this case, the contracting parties may use the following solution: paragraph 10, declassification of the material covered in paragraph 8 c) CSC, if the following condition of this clause 10 applies, the material will be released to the licensee within fifteen (15) days from receipt of the request covered in paragraph 8 (c) of the CSS. The material is released in accordance with the next paragraph of paragraph 11. If, within 10 days of sending a copy of the application to the licensee, CSC receives a written statement proving that the material is not disclosed (declaration), CSC will not disclose the material to the licensee until CSC receives written confirmation to [insert a bank name] (bank) indicating that an amount of [Insert the amount] (guarantee amount) has been deposited by the licensee to secure the licensee. (confirmation) in accordance with this clause 10.