Common use of Notice; Authorized Persons Clause in Contracts

Notice; Authorized Persons. During the Term, if any of the PHL Parties, on the one hand, or EQIS, on the other, encounters a problem that it believes constitutes a material breach of the other’s duty to provide either the PHL Services or the EQIS Services, as applicable, the non-breaching Parties shall promptly notify the other Parties in writing, and such breaching Party or Parties shall promptly respond. If the problem is not promptly resolved among the Parties, a PHL Parties Authorized Person and a EQIS Authorized Person shall, before the end of the first full Business Day following the date on which initial notice is provided by the non-breaching Parties, consult with each other in good faith concerning the existence, cause and remediation of the possible breach.

Appears in 2 contracts

Samples: Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/), Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/)

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Notice; Authorized Persons. During the Term, if any of the PHL Parties, on the one hand, or EQISIWM, on the other, encounters a problem that it believes constitutes a material breach of the other’s duty to provide either the PHL Services or the EQIS IWM Services, as applicable, the non-breaching Parties shall promptly notify the other Parties in writing, and such breaching Party or Parties shall promptly respond. If the problem is not promptly resolved among the Parties, a PHL Parties Authorized Person and a EQIS IWM Authorized Person shall, before the end of the first full Business Day following the date on which initial notice is provided by the non-breaching Parties, consult with each other in good faith concerning the existence, cause and remediation of the possible breach.

Appears in 1 contract

Samples: Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/)

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Notice; Authorized Persons. During the Term, if any of the PHL Parties, on the one hand, or EQISPDA, on the other, encounters a problem that it believes constitutes a material breach of the other’s duty to provide either the PHL Services or the EQIS PDA Services, as applicable, the non-breaching Parties shall promptly notify the other Parties in writing, and such breaching Party or Parties shall promptly respond. If the problem is not promptly resolved among the Parties, a PHL Parties Authorized Person and a EQIS PDA Authorized Person shall, before the end of the first full Business Day following the date on which initial notice is provided by the non-breaching Parties, consult with each other in good faith concerning the existence, cause and remediation of the possible breach.

Appears in 1 contract

Samples: Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/)

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