Contract Termination or Expiration Transition Plan Sample Clauses

Contract Termination or Expiration Transition Plan. ‌ Upon the termination or expiration of this Contract, Insurer shall ensure a smooth transition to any other insurer or contract. Insurer shall provide a transition plan to FHKC for approval within ninety (90) Calendar Days before the termination or expiration date of this Contract. In the event the Contract terminates prior to the expiration date and Insurer is not given more than ninety (90) Calendar Days’ Notice, Insurer shall provide a transition plan by the date specified by FHKC or, if no date is specified, within five (5) Business Days of Insurer’s receipt of the termination Notice. If the transition plan is not subsequently approved by FHKC, Insurer shall submit a revised transition plan within five (5) Business Days from the notification of FHKC’s disapproval. Insurer’s failure to provide a timely transition plan acceptable to FHKC or failure to timely implement such transition plan, in whole or in part, shall be considered an Event of Default and failure to perform. In such event Insurer shall be responsible for Financial Consequences in the amount of $1,000.00 (one thousand dollars) per day, as determined by FHKC. FHKC may also withhold payment to Insurer for nonperformance or unsatisfactory performance of the terms of this Contract. This section survives termination or expiration of this Contract.
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Related to Contract Termination or Expiration Transition Plan

  • Termination or Expiration Procedure The following terms and conditions apply upon Contract termination or expiration: a. The Contractor shall cease to perform any services required by this Contract as of the effective date of termination or expiration. b. If the Contract is terminated, the Contractor shall comply with all instructions contained in the termination notice. c. The Contractor shall immediately deliver to the DSHS contact named on page one of this Contract, or to his or her successor, all DSHS property in the Contractor’s possession. The Contractor grants DSHS the right to enter upon the Contractor’s premises for the sole purpose of recovering any DSHS property that the Contractor fails to return within ten (10) calendar days of the effective date of termination or expiration of this Contract. Upon failure to return DSHS property within ten (10) calendar days, the Contractor shall be charged with all reasonable costs of recovery, including transportation. d. DSHS shall be liable only for payment required under the terms of this Contract for service rendered up to the effective date of termination or expiration. e. DSHS may withhold a sum from the final payment to the Contractor that DSHS determines necessary to protect DSHS against loss or additional liability. f. The rights and remedies provided to DSHS in this Section are in addition to any other rights and remedies provided at law, in equity, and/or under this Contract, including consequential and incidental damages.

  • Data Transfer Upon Termination or Expiration Provider will notify the Division of impending cessation of its business and any contingency plans. Provider shall implement its exit plan and take all necessary actions to ensure a smooth transition of service with minimal disruption to the Division. As mutually agreed upon and as applicable, Provider will work closely with its successor to ensure a successful transition to the new equipment, with minimal downtime and effect on the Division, all such work to be coordinated and performed in advance of the formal, transition date.

  • Effect of Termination or Expiration Upon any termination of this ▇▇▇▇, or license granted pursuant to this ▇▇▇▇, or upon expiration of a term license: (a) all Software Licenses will immediately terminate; (b) Licensee will immediately cease all use of the Software; and (c) Licensee must either deliver to OT or destroy all copies of Software, Documentation, and OT confidential information in Licensee’s possession or control. Within 15 days after termination, an authorized representative of Licensee must certify in writing that all copies have been delivered to OT or destroyed. Any terms in this ▇▇▇▇ which by their nature extend beyond termination or expiration of this ▇▇▇▇ will remain in effect until fulfilled.

  • Delivery upon Termination or Expiration No later than the first calendar day after the termination or expiration of the Grant Agreement or upon System Agency’s request, Grantee shall deliver to System Agency all completed, or partially completed, Work Product, including any Incorporated Pre-existing Works, and any and all versions thereof. Grantee’s failure to timely deliver such Work Product is a material breach of the Grant Agreement. Grantee will not retain any copies of the Work Product or any documentation or other products or results of Grantee’s activities under the Grant Agreement without the prior written consent of System Agency.

  • Property Rights upon Termination or Expiration of Contract In the event the Grant Agreement is terminated for any reason or expires, State Property remains the property of the System Agency and must be returned to the System Agency by the earlier of the end date of the Grant Agreement or upon System Agency’s request.