Common use of Parity and Discontinuation by Participating Cars Clause in Contracts

Parity and Discontinuation by Participating Cars. If (A) a Material Car Participant discontinues participation in the Worldspan System after [**]; (B) Worldspan otherwise fails to materially maintain parity with [**] with respect to the pricing, inventory or functionality of any Material Car Participant; or (C) IAC Global gives Worldspan written notice of any material parity discrepancy between the pricing and publicly available inventory (e.g., types of cars and availability of cars) of a Material Car Participant provided by [**], and Worldspan is unable to resolve such [**] Confidential treatment requested for redacted portion; redacted portion has been filed separately with the Commission. lack of parity within [**] after such notice, then, in any case, IAC Global may elect to: (1) give Worldspan written notice to [**] by the [**] of the [**]; or (2) initiate the Car Termination and Wind-Down Procedure set forth in subparagraph (x) below.

Appears in 2 contracts

Samples: Services and Development Agreement (Worldspan L P), Services and Development Agreement (Ws Financing Corp)

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Parity and Discontinuation by Participating Cars. If (A) a Material Car Participant discontinues participation in the Worldspan System after [**]; (B) Worldspan otherwise fails to materially maintain parity with [**] with respect to the pricing, inventory or functionality of any Material Car Participant; or (C) IAC Global gives Worldspan written notice of any material parity discrepancy between the pricing and publicly available inventory (e.g., types of cars and availability of cars) of a Material Car Participant provided by [**], and Worldspan is unable to resolve such [**] Confidential treatment requested for redacted portion; redacted portion has been filed separately with the Commission. lack of parity within [**] after such notice, then, in any case, IAC Global may elect to: (1) give Worldspan written notice to [**] by the [**] of the [**]; or (2) initiate the Car Termination and Wind-Down Procedure set forth in subparagraph (x) below. [**] Confidential treatment requested for redacted portion; redacted portion has been filed separately with the Commission.

Appears in 2 contracts

Samples: Services and Development Agreement (Expedia, Inc.), Services and Development Agreement (Expedia, Inc.)

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