Agreed Language. This CTSA, DIR Contract No. DIR–TEX-AN-NG-CTSA–008, is in effect from 11/10/2011_ until 12:00:00 p.m., 11/10/2016_, and for such further period as allowed by the CTSA (the Effective Expiration Date of the CTSA). In order to ensure the smooth Transition of Ser- vices from one Vendor to the successor service provider, the parties agree to the following assignment language for this CTSA: Effective as of the expiration of one second after the expiration of the CTSA, without the necessity of execution of additional documents, and at no cost to DIR or the Customers, Vendor hereby agrees to the absolute and complete assignment of this CTSA to DIR or a successor service provider, provided that the following occurs on or by 5:00 p.m. of the Business Day of the final expiration date of the CTSA: DIR or the successor service provider agrees to assume all CTSA obligations and liabilities that arise on and after one second after the final expiration of the CTSA, and is responsible to pay to Vendor the applicable Transition assignment fees, if any, as set forth in the Xxxx- sition Assignment Liability Schedule, which shall be provided by the Vendor, upon request by DIR or its Customers and attached to this CTSA. In all events, Vendor remains respon- sible for all CTSA obligations and liabilities that arise prior to the final expiration date of the CTSA.
