Common use of By Citi Clause in Contracts

By Citi. If Citi fails to timely provide, or cause to be provided, one or more Citi Services, other than as a result of and during the occurrence of a Force Majeure Event, and such failure prevents Banco de Chile from operating the Banco de Chile Business as it was operated in the ordinary course prior to the Effective Date, from and during such failure to provide such Citi Services, Banco de Chile, after providing prior written notice to Citi, may replace the affected Citi Services by providing such Citi Services for itself or engaging a third party to provide such Citi Services. In addition to any other remedies that Banco de Chile may be entitled to, Citi shall also pay Banco de Chile the difference, if any, between (i) all of Banco de Chile’s reasonable costs associated with such replacement Citi Services and (ii) the amount Banco de Chile would have paid to Citi under the terms of this Agreement for the provision of such Citi Services, had Citi Parties continued to perform such Citi Services.