Common use of Development Services Agreement and Managed Services Agreement Clause in Contracts

Development Services Agreement and Managed Services Agreement. The Original SLA provided to the CBOT the right to terminate this Agreement immediately upon notice to LIFFE in the event that the Parties had not entered into (a) a Development Services Agreement by March 1, 2003; or (b) a Managed Services Agreement by May 1, 2003. The Parties acknowledge and agree that this right of termination has been extinguished.

Development Services Agreement and Managed Services Agreement. The Original SLA provided to the CBOT LIFFE the right to terminate this Agreement immediately upon notice to LIFFE the CBOT in the event that the Parties had not entered into (a) a Development Services Agreement by March 1, 2003; or (b) and a Managed Services Agreement by May September 1, 2003. The Parties acknowledge and agree that this right of termination has been extinguished.