New Technology Arrangement Following the Sample Clauses

New Technology Arrangement Following the. [____]* month after the effective date of this Agreement, ENVOY shall have the right to terminate this Agreement with GTEDS if it is able to enter into a New Technology arrangement with a third party provider that: (a) provides ENVOY with a minimum [____]* lower total price for the Services then being provided by GTEDS than if ENVOY continued to receive Services in accordance with this Agreement; and, (b) will utilize "New Technology" which is capable of performing the Services being provided by GTEDS, which technology is not being used by GTEDS at that time to provide ENVOY the contracted Services; and, (c) has a term of at least two years or the remaining term of this Agreement, whichever is greater. Prior to entering into any "New Technology" Arrangement, ENVOY shall provide a written notice to GTEDS of its desire to enter into a New Technology Arrangement setting forth the material terms and conditions of such arrangement, including a copy of a valid proposal between ENVOY and the third party. GTEDS shall have the right and option to enter into such "New Technology" Arrangement upon substantially the same terms and conditions as set forth in the proposal between ENVOY and the third party by giving written notice to ENVOY within [____]* days after receipt of ENVOY's written notice (the "Option Period"). If GTEDS does not exercise its right and option described above or ENVOY and GTEDS fail to agree upon the terms and conditions for the New Technology Arrangement, the restrictions outlined in Section 5.1 will no longer apply. ENVOY shall have the right to receive Services from GTEDS for a total of [_____]* days from the date of ENVOY's initial written notice to GTEDS as specified above and subject to Section 6.9 of this Agreement. If ENVOY is unable to execute an agreement with its vendor on the terms stated in the proposal submitted to GTEDS for the New Technology, or executes an agreement but is unable to implement the New Technology within the [_____]* day time period set forth above, the terms and conditions of this Agreement shall remain in full force and effect. Notwithstanding the foregoing, if ENVOY enters into a New Technology Arrangement with an entity other than GTEDS, this Agreement shall remain valid and effective throughout the Term, except with respect to the New Technology.
Sample 1
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Related to New Technology Arrangement Following the

  • EFFECTIVE DATE; TERM OF AGREEMENT This Agreement shall become effective as of April 5, 2005 (the "Effective Date"). Executive's employment shall continue on the terms provided herein until April 4, 2008 (the "End Date"), subject to earlier termination as provided herein (such period of employment hereinafter called the "Employment Period").

  • No Construction as Employment Agreement Nothing contained in this Agreement shall be construed as giving Indemnitee any right to be retained in the employ of the Company or any of its subsidiaries or affiliated entities.

  • Effective Date and Term of Agreement This Agreement is effective and binding on the Company and Employee as of the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date.

  • Effective Date of Agreement This Agreement shall become effective upon the execution and delivery hereof by the parties hereto.

  • Agreement Structure 2.1 This Agreement consists of: (i) the Base Agreement which defines the basic terms and conditions of the relationship between the parties; and (ii) Attachments which specify the details of a specific work task. An Attachment may include additional or differing terms and conditions, however such terms and conditions apply only to that Attachment. Attachments also include any specification documents agreed to by the parties applicable to the specific work under that Attachment.

  • Effective Date Term and Termination A. This Agreement covers individual ANNUITY CONTRACTs issued by the CEDING COMPANY that:

  • BACKGROUND OF AGREEMENT 1.1 LICENSOR represents that it has certain intellectual property pertaining to services and technologies in the field of teleradiology, in respect to which it is prepared to grant a nonexclusive license to LICENSEE.

  • Period of Agreement This Agreement shall remain in full force and effect for a five year contract term commencing October 17, 2013, at 12:01 a.m., and ending 12:00 midnight, October 16, 2018. At reasonable times after August 1, 2018, the parties will meet to attempt to negotiate a new contract to be effective for the period beginning after midnight, October 16, 2018.

  • Amendments to Employment Agreement Effective as of the date hereof, the Employment Agreement shall be amended as provided in this Section 1.

  • Effective Date; Termination of Prior Intercompany Tax Allocation Agreements This Agreement shall be effective as of the Effective Time. As of the Effective Time, (i) all prior intercompany Tax allocation agreements or arrangements solely between or among BGC Partners and/or any of its Subsidiaries shall be terminated, and (ii) amounts due under such agreements as of the date on which the Effective Time occurs shall be settled. Upon such termination and settlement, no further payments by or to the BGC Group, or by or to the Newmark Group, with respect to such agreements shall be made, and all other rights and obligations resulting from such agreements between the Companies and their Affiliates shall cease at such time. Any payments pursuant to such agreements shall be disregarded for purposes of computing amounts due under this Agreement; provided, that to the extent appropriate, as determined by BGC Partners, payments made pursuant to such agreements shall be credited to the Newmark Entities or the BGC Entities, respectively, in computing their respective obligations pursuant to this Agreement, in the event that such payments relate to a Tax liability that is the subject matter of this Agreement for a Tax Period that is the subject matter of this Agreement.

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