Common use of Divestment Clause in Contracts

Divestment. Without prejudice to parties’ rights under Section titled “Assignment”, PCS will consent to Customer's assignment of individual subscriptions or one or more Order Forms (“Divested Subscriptions”) to a divested entity or acquiror (a "Divestiture Assignee") in connection with an asset or business unit divestiture by Customer, provided the Divestiture Assignee has first accepted the terms of PCS’s standard master services agreement (whether by signature or electronically), and provided that: A) at the time of the divestiture, the per unit pricing for Customer’s subscriptions remaining as of the date of the divestiture, and the Divested Subscriptions, shall be increased to reflect the reduced volumes applicable to each entity respectively and B) Customer pays a fee for splitting Divested Subscriptions and the relevant Customer Data to the new instance of the Subscription Services. The parties shall execute replacement Order Forms accordingly at the time of such divestiture.