Common use of Launch Dates Clause in Contracts

Launch Dates. No Launch Date shall occur unless the Tested Systems (if any) identified in the applicable Project Plan for such Launch Date are accepted. Notwithstanding the foregoing, at any time following identification of any Defect(s), the party refusing acceptance may elect to accept the Tested Systems despite the existence of such Defect and proceed with a launch provided that (i) a workaround acceptable to such party exists for each Defect and (ii) unless otherwise agreed by the parties, the parties create a mutually agreed upon detailed plan for remedying each Defect and shall cooperate to execute such plan and remedy the Defect(s) within ten (10) Business Days following the proposed date for the applicable launch.

Appears in 4 contracts

Samples: Services Agreement (Nymex Holdings Inc), Services Agreement (Chicago Mercantile Exchange Holdings Inc), Services Agreement (Nymex Holdings Inc)

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