Common use of Cancellation or Reduction of Services Clause in Contracts

Cancellation or Reduction of Services. Holdings may terminate or reduce the level of any Administrative Service on 60 days’ prior written notice to Vxxxxx XX. Upon such termination or reduction, the Administrative Services Fee shall be reduced accordingly, whether on a temporary or a permanent basis, for such time as such service is reduced or terminated.

Appears in 2 contracts

Samples: Administration Agreement (Valero Gp Holdings LLC), Administration Agreement (Valero Gp Holdings LLC)

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Cancellation or Reduction of Services. Holdings may terminate or reduce the level of any Administrative Service on 60 days’ prior written notice to Vxxxxx XX. Upon such termination or reduction, the Administrative Services Fee shall be reduced accordingly, whether on a temporary or a permanent basis, for such time as such service is reduced or terminated.reduced

Appears in 1 contract

Samples: Administration Agreement (Valero L P)

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Cancellation or Reduction of Services. Holdings may terminate or reduce the level of any Administrative Service on 60 days’ prior written notice to Vxxxxx Xxxxxx XX. Upon such termination or reduction, the Administrative Services Fee shall be reduced accordingly, whether on a temporary or a permanent basis, for such time as such service is reduced or terminated.

Appears in 1 contract

Samples: Administration Agreement (Valero L P)

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