Assignment or Subcontracting of COL Credit Bureau Customers Sample Clauses

Assignment or Subcontracting of COL Credit Bureau Customers. (a) COL hereby sells, assigns, transfers and delivers to CREDCO those rights and obligations arising or accruing from and after the date hereof that COL has with respect to the provision of credit bureau reports to Customers of COL (the "Assigned COL Bureau Customers"); provided, however, that COL transfers no right, including the right to receive payment, in connection with products sold or services performed prior to the date hereof (an "Excluded COL Assigned Right"); provided, further, that COL transfers no obligations, including the obligation to make payment or DealerTrack Joint Marketing Agreement indemnify any person or entity, in connection with products sold or services performed prior to the date hereof (the "Excluded COL Assigned Liabilities"). In the event CREDCO receives payment in connection with an Excluded COL 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 COL. CREDCO hereby assumes all liabilities and obligations, other than Excluded COL Assigned Liabilities, with respect to the Assigned COL Bureau Customers. COL, on the one hand, and CREDCO, on the other hand, acknowledge and agree that credit bureau reports will continue to be delivered to COL's customers through the DealerTrack Network. In the event that the relevant agreement between COL and COL's customer does not permit COL 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 COL Bureau Customers"), COL hereby subcontracts its obligations under such contracts 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 COL Subcontracted Liabilities", together with Excluded DT Assigned Liabilities, Excluded DT Subcontracted Liabilities and Excluded COL Assigned Liabilities, the "Excluded Liabilities"), in consideration for which COL shall subcontract to CREDCO the right to collect and keep all amounts payable COL under such contracts and, if necessary, agrees to prosecute any rights thereunder at CREDCO's direction and expense; provided, however, that (i) COL shall not be required to subcontract the right to collect and keep payments for products sold or services performed prior to the date hereof ("Excluded COL S...
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Related to Assignment or Subcontracting of COL Credit Bureau Customers

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