Common use of RELEASE OF RIGHTS; PAYMENT Clause in Contracts

RELEASE OF RIGHTS; PAYMENT. If this Agreement expires or is terminated for any reason in accordance herewith: (i) Representative shall cease providing the Services and, following such expiration or termination, shall cooperate with Venture in connection with the resumption by Venture of overall management of the Internet Services; (ii) In the case of earlier termination, Representative shall pay to Venture, by wire transfer of immediately available funds, not later than sixty (60) days following the termination date, all amounts in respect of the Representation Rights Fee accrued or which will accrue with respect to Services rendered through the termination date, together with interest thereon from and including the next scheduled date of payment through but excluding the actual date of payment; and (iii) the Trademark License Agreement and Representative's engagement and all rights hereunder shall immediately cease.