Assignment of DealerTrack Credit Bureau Customers Sample Clauses

Assignment of DealerTrack Credit Bureau Customers. The DealerTrack Companies hereby sell, assign, transfer and deliver to CREDCO those rights and obligations arising or accruing from and after the date hereof that the DealerTrack Companies have with respect to the provision of credit bureau reports to Customers other than a Customer which is an ADP DMS Dealer and/or R+R DMS Dealer (the "Assigned DT Bureau Customers"); provided, however, that the DealerTrack Companies transfer no right, including the right to receive payment, in connection with products sold or services performed prior to the date hereof (an "Excluded DT Assigned Right"); provided, further, the DealerTrack Companies transfer no obligations, including the obligation to make payment or indemnify any person or entity, in connection with products sold or services performed prior to the date hereof (the "Excluded DT Assigned Liabilities"). In the event CREDCO receives payment in connection with an Excluded DT Assigned Right, CREDCO shall as soon as practicable following the receipt of such payment and in no event later than 30 days following receipt of such payment, transfer such payment to the DealerTrack Company entitled to receipt of such payment. CREDCO hereby assumes all liabilities and obligations, other than Excluded DT Assigned Liabilities, with respect to the Assigned DT Bureau Customers. The DealerTrack Companies, on the one hand, and CREDCO, on the other hand, acknowledge and agree that credit bureau reports will continue to be delivered to the Customer through the DealerTrack Network. In the event that the relevant agreement between a DealerTrack Company and the Customer does not permit such DealerTrack Company to sell, assign, transfer and/or deliver its rights and/or obligations to CREDCO with respect to the provision of credit bureau reports (the "Subcontracted DT Bureau Customers"), such DealerTrack Company hereby subcontracts its obligations under such contracts (other than contracts with a Customer that is an ADP DMS Dealer and/or an R+R DMS Dealer) to CREDCO, excluding obligations (including obligations to make payment or indemnify any person or entity) in connection with products sold or services performed prior to the date hereof ("Excluded DT Subcontracted Liabilities"), in consideration for which the DealerTrack Company shall subcontract to CREDCO the right to collect and keep all amounts payable any DealerTrack Company under such contracts and, if necessary, agrees to prosecute any rights thereunder at CREDCO's direction ...
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