Common use of Obligation to Mitigate Fees Clause in Contracts

Obligation to Mitigate Fees. Each Party shall use commercially reasonable efforts to minimize and mitigate all relicensing, transfer, third party administrator/agency and termination fees associated with the Assigned Contracts and Managed Contracts. The Parties agree that, where such fees are likely to exist, the Parties shall work together to agree upon alternative actions or solutions that will incur lesser or no such fees while, at the same time, achieving the same allocation of ongoing financial, operational and managerial responsibility with respect to such Contracts.

Obligation to Mitigate Fees. Each Party shall use commercially reasonable efforts to minimize and mitigate all relicensing, transfer, third party administrator/agency and termination fees associated with the Assigned Contracts and Managed Contracts. The Parties agree that, where such fees are likely to exist, the Parties shall work together to agree upon alternative actions or and/or solutions that will incur lesser or no such fees while, at the same time, achieving the same allocation of ongoing financial, operational and managerial responsibility with respect to such Assigned Contracts or Managed Contracts.

Obligation to Mitigate Fees. Each Party shall use commercially reasonable efforts to minimize and mitigate all relicensing, transfer, third party administrator/agency and termination fees associated with the Assigned Contracts and Managed Contracts. The Parties agree that, where such fees are likely to exist, the Parties shall work together to agree upon alternative actions or and/or solutions that will incur lesser or no such fees while, at the same time, achieving the same allocation of ongoing financial, operational and managerial responsibility with respect to such Contracts.

Obligation to Mitigate Fees. Each Party shall use commercially reasonable efforts to minimize and mitigate all relicensing, transfer, third party administrator/agency and termination fees associated with the Assigned Contracts and Managed Contracts. The Parties agree that, where such fees are likely to exist, the Parties shall work together to agree upon alternative actions or and/or solutions that will incur lesser or no such fees while, at the same time, achieving the same allocation of ongoing financial, operational and managerial responsibility with respect to such Contracts.