Common use of Discontinuance of Certain Services Clause in Contracts

Discontinuance of Certain Services. At any time during the Term, on not less than 15 days' prior notice by the Corporation to the Provider, the Corporation may elect to discontinue obtaining from the Provider any of the Services. In such event, the Provider's obligation to provide Services that have been discontinued pursuant to this Section 3.2, and the Corporation's obligation to compensate the Provider for such Services, will cease as of the end of such 15-day period (or such later date as may be specified in the notice), and this Agreement will remain in effect with respect to those Services that have not been so discontinued. The Provider and the Corporation will promptly evaluate the Allocated Employee Expenses for reasonableness following the discontinuance of any Services and will negotiate in good faith together with DIRECTV (as long as the Merger Agreement is then in effect) to reach agreement on any appropriate adjustment to the Allocated Employee Expenses. Each party will remain liable to the other for any required payment or performance accrued prior to the effective date of discontinuance of any Service or termination of this Agreement in its entirety.

Appears in 3 contracts

Samples: Services Agreement (Liberty Entertainment, Inc.), Services Agreement (Liberty Entertainment, Inc.), Services Agreement (Liberty Entertainment, Inc.)

AutoNDA by SimpleDocs

Discontinuance of Certain Services. At any time during the Term, on not less than 15 30 days' prior notice by the Corporation to the Provider, the Corporation may elect to discontinue obtaining from the Provider any of the Services. In such event, the Provider's obligation to provide Services that have been discontinued pursuant to this Section 3.2, and the Corporation's obligation to compensate the Provider for such Services, will cease as of the end of such 1530-day period (or such later date as may be specified in the notice), and this Agreement will remain in effect with respect to those Services that have not been so discontinued. The Provider and the Corporation will promptly evaluate the Allocated Employee Expenses for reasonableness following the discontinuance of any Services and will negotiate in good faith together with DIRECTV (as long as the Merger Agreement is then in effect) to reach agreement on any appropriate adjustment to the Allocated Employee Expenses. Each party will remain liable to the other for any required payment or performance accrued prior to the effective date of discontinuance of any Service or termination of this Agreement in its entirety.

Appears in 1 contract

Samples: Services Agreement (Liberty Entertainment, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!