Common use of Consequences on Termination Clause in Contracts

Consequences on Termination. In the event this Agreement expires or is terminated in accordance with this Section 7, then (a) all Services to be provided will promptly cease, (b) each of Parent and Spinco shall promptly return all confidential information received from the other party in connection with this Agreement (including the return of all information received with respect to the Services of Parent or Spinco, as the case may be), without retaining a copy thereof, and (c) each of Parent and Spinco shall honor all credits and make any accrued and unpaid payment to the other party as required pursuant to the terms of this Agreement, and no rights already accrued hereunder shall be affected.

Consequences on Termination. In the event this Agreement expires or is terminated in accordance with this Section 7, then (a) all Services to be provided will promptly cease, (b) each of Parent and Spinco SpinCo shall promptly return all confidential information received from the other party in connection with this Agreement (including the return of all information received with respect to the Services or products of Parent or SpincoSpinCo, as the case may be), without retaining a copy thereof, and (c) each of Parent and Spinco SpinCo shall honor all credits and make any accrued and unpaid payment to the other party as required pursuant to the terms of this Agreement, and no rights already accrued hereunder shall be affected.