Common use of Elective Partial Termination Clause in Contracts

Elective Partial Termination. (i) Either Party, as a Service recipient, may on sixty (60) days’ written notice to the other Party, terminate any Citi Service, Banco de Chile Service or Additional Service, as applicable. Any such terminated Service shall be deleted from Schedules 2.1(a), Schedules 2.2(a) or Schedule 2.5, as applicable, and the terminating Party shall have no obligation to continue to use or pay for any such Citi Service or Banco de Chile Service, as applicable; provided, however, that this Agreement shall remain in effect until neither Party requires any Service from the other Party, or until otherwise terminated pursuant to this ARTICLE X.

Appears in 3 contracts

Samples: Master Services Agreement, Master Services Agreement (Bank of Chile), Master Services Agreement (Bank of Chile)

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Elective Partial Termination. (i) Either Party, as a Service recipient, may on sixty (60) days’ written notice to the other Party, terminate any Citi Service, Banco de Chile Service or Additional Service, as applicable. Any such terminated Service shall be deleted from Schedules 2.1(a2.1(a)(1), Schedules 2.2(a2.1(a)(2), 2.1(a)(3) or Schedule 2.52.2(a)(1), as applicable, and the terminating Party shall have no obligation to continue to use or pay for any such Citi Service or Banco de Chile Service, as applicable; provided, however, that this Agreement shall remain in effect until neither Party requires any Service from the other Party, or until otherwise terminated pursuant to this ARTICLE X.

Appears in 1 contract

Samples: Master Services Agreement (Bank of Chile)

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Elective Partial Termination. (i) Either Party, as a Service recipient, may on sixty (60) days’ written notice to the other Party, terminate any Citi Service, Banco de Chile Service or Additional Service, as applicable. Any such terminated Service shall be deleted from Schedules 2.1(a), Schedules 2.2(a) or Schedule 2.5, as applicable, and the terminating Party shall have no obligation to continue to use or pay for any such Citi Service or Banco de Chile Service, as applicable; provided, however, that this Agreement shall remain in effect until neither Party requires any Service from the other Party, or until otherwise terminated pursuant to this ARTICLE Article X.

Appears in 1 contract

Samples: Master Services Agreement (Bank of Chile)

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