Additional Transition Services. Subject to the terms and conditions of this Agreement, each party shall provide, or cause to be provided, to each other party and its Affiliates solely for the benefit of such party’s business the applicable services described, and on the terms set forth, in SCHEDULE 5.6 attached hereto (the “Service Schedules”), which terms are incorporated herein by reference (collectively, the “Services”) for periods commencing upon the Effective Time and ending on the expiration of the applicable period set forth in the applicable Service Schedule in respect of each such Service (as to each period applicable to the respective Service, the “Service Period”), unless such period is earlier terminated in accordance with the terms hereof. The Service Period of any Service set forth in the Services Schedules may be extended by the recipient of such services (“Recipient”), at its election and in its reasonable discretion, for up to ninety (90) days past the end of the original Service Period set forth in the Services Schedule for that Service, but only to the extent that such Recipient has been unable to become independent of the provider of such Services (“Provider”) by the end of the applicable original Service Period after performance of its obligations under the original Service Schedule. Recipient must give the Provider of such Services written notice of the extension at least thirty (30) days prior to the end of the original Service Period. The price of such Service during the period beginning on the day immediately subsequent to the last day of the original Service Period set forth on the applicable Service Schedule through and including the last day such Service is provided shall be (i) 100% of the price set forth on the applicable Service Schedule for days one (1) through thirty (30) that such Service is extended, (ii) 100% of the price set forth on the applicable Service Schedule for days thirty-one (31) through sixty (60) that such Service is extended, and (iii) 100% of the price set forth on the applicable Service Schedule for days sixty-one (61) through ninety (90) that such Service is extended. No Service Period may be extended for more than ninety (90) days after the last day of the original Service Period without the prior written consent of both Provider and Recipient.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Lumentum Holdings Inc.), Separation and Distribution Agreement (Viavi Solutions Inc.)
Additional Transition Services. Subject to the terms and conditions of this Agreement, each party shall provide, or cause to be provided, to each other party and its Affiliates solely for the benefit of such party’s business the applicable services described, and on the terms set forth, in SCHEDULE 5.6 attached hereto (the “Service Schedules”), which terms are incorporated herein by reference (collectively, the “Services”) for periods commencing upon the Effective Time and ending on the expiration of the applicable period set forth in the applicable Service Schedule in respect of each such Service (as to each period applicable to the respective Service, the “Service Period”), unless such period is earlier terminated in accordance with the terms hereof. The Service Period of any Service set forth in the Services Schedules may be extended by the recipient of such services (“Recipient”), at its election and in its reasonable discretion, for up to ninety (90) days past the end of the original Service Period set forth in the Services Schedule for that Service, but only to the extent that such Recipient has been unable to become independent of the provider of such Services (“Provider”) by the end of the applicable original Service Period after performance of its obligations under the original Service Schedule. Recipient must give the Provider of such Services written notice of the extension at least thirty (30) days prior to the end of the original Service Period. The price of such Service during the period beginning on the day immediately subsequent to the last day of the original Service Period set forth on the applicable Service Schedule through and including the last day such Service is provided shall be (i) 100[—]% of the price set forth on the applicable Service Schedule for days one (1) through thirty (30) that such Service is extended, (ii) 100[—]% of the price set forth on the applicable Service Schedule for days thirty-one (31) through sixty (60) that such Service is extended, and (iii) 100[—]% of the price set forth on the applicable Service Schedule for days sixty-one (61) through ninety (90) that such Service is extended. No Service Period may be extended for more than ninety (90) days after the last day of the original Service Period without the prior written consent of both Provider and Recipient.
Appears in 1 contract
Samples: Separation, Contribution and Distribution Agreement (Lumentum Holdings Inc.)
Additional Transition Services. Subject to the terms and conditions of this Agreement, each party shall provide, or cause to be provided, to each other party and its Affiliates solely for the benefit of such party’s business the applicable services described, and on the terms set forth, in SCHEDULE 5.6 attached hereto (the “Service Schedules”), which terms are incorporated herein by reference (collectively, the “Services”) for periods commencing upon the Effective Time and ending on the expiration of the applicable period set forth in the applicable Service Schedule in respect of each such Service (as to each period applicable to the respective Service, the “Service Period”), unless such period is earlier terminated in accordance with the terms hereof. The Service Period of any Service set forth in the Services Schedules may be extended by the recipient of such services (“Recipient”), at its election and in its reasonable discretion, for up to ninety (90) days past the end of the original Service Period set forth in the Services Schedule for that Service, but only to the extent that such Recipient has been unable to become independent of the provider of such Services (“Provider”) by the end of the applicable original Service Period after performance of its obligations under the original Service Schedule. Recipient must give the Provider of such Services written notice of the extension at least thirty (30) days prior to the end of the original Service Period. The price of such Service during the period beginning on the day immediately subsequent to the last day of the original Service Period set forth on the applicable Service Schedule through and including the last day such Service is provided shall be (i) 100% [•]% of the price set forth on the applicable Service Schedule for days one (1) through thirty (30) that such Service is extended, (ii) 100% [•]% of the price set forth on the applicable Service Schedule for days thirty-one (31) through sixty (60) that such Service is extended, and (iii) 100% [•]% of the price set forth on the applicable Service Schedule for days sixty-one (61) through ninety (90) that such Service is extended. No Service Period may be extended for more than ninety (90) days after the last day of the original Service Period without the prior written consent of both Provider and Recipient.
Appears in 1 contract
Samples: Separation and Distribution Agreement (Lumentum Holdings Inc.)