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. (ii) Either Party may immediately terminate any Citi Service, Banco de Chile Service or Additional Service, as applicable, if such Party reasonably determines that it is required to terminate such Service or rights and licenses to such Service by applicable Law, regardless of whether such Party is the provider or recipient of such Services. (iii) Any termination notice delivered by either Party pursuant to this Section 10.2(a) shall specify in detail the Service or Services to be terminated, and the effective date of such termination.

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. (ii) Either Party may immediately terminate any Citi Service, Banco de Chile Service or Additional Service, as applicable, if such Party reasonably determines that it is required to terminate such Service or rights and licenses to such Service by applicable Law, regardless of whether such Party is the provider or recipient of such Services. (iii) Any termination notice delivered by either Party pursuant to this Section 10.2(a) shall specify in detail the Service or Services to be terminated, and the effective date of such termination.

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. (ii) Either Party may immediately terminate any Citi Service, Banco de Chile Service or Additional Service, as applicable, if such Party reasonably determines that it is required to terminate such Service or rights and licenses to such Service by applicable Law, regardless of whether such Party is the provider or recipient of such Services. (iii) Any termination notice delivered by either Party pursuant to this Section 10.2(a) shall specify in detail the Service or Services to be terminated, and the effective date of such termination.