Common use of Resumed Services Clause in Contracts

Resumed Services. If after a Service has been terminated in accordance with Section 10.2 by the Party that received such Service, and the applicable receiving Party is unable to provide such Service for itself despite using its commercially reasonable efforts to do so, then such receiving Party shall so notify the Party that provided such Service, and such providing Party will resume providing such Service as soon as reasonably practicable, if commercially and technologically feasible and subject to such providing Party’s ability to obtain any third party consents necessary to provide the Service (each, a “Resumed Service”). Each Resumed Service shall be provided in the same terms and conditions as it was provided prior to its termination as they may be amended from time to time pursuant to the terms of this Agreement. The Party that received such Service shall be responsible for all costs of the Party that provided such Service associated with resuming such Service, and to the extent reasonably practicable, such providing Party shall provide such receiving Party with advance notice of such expenses.

Appears in 5 contracts

Samples: Master Services Agreement (Bank of Chile), Master Services Agreement, Master Services Agreement (Bank of Chile)

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Resumed Services. If after a Service (a) has been terminated in accordance with Section 10.2 10.3 by the Party that received such ServiceService or (b) that had been provided prior to the Effective Date was specifically omitted by the Parties from Schedule 2.1(a) or Schedule 2.2(a), and as applicable, the applicable receiving Party is unable to provide such Service service for itself despite using its commercially reasonable efforts to do so, then such receiving Party shall so notify the Party that provided such Serviceservice, and such providing Party will resume providing such Service as soon as reasonably practicableservice, if commercially and technologically feasible and subject to such providing Party’s ability to obtain any third party consents necessary to provide the Service service (each, a “Resumed Service”). Each Resumed Service shall be provided in the same terms and conditions as it was provided prior to its termination as they may be amended from time to time pursuant to the terms of this Agreement. The Party that received such Service shall be responsible for all costs of the Party that provided such Service associated with resuming such Service, and to the extent reasonably practicable, such providing Party shall provide such receiving Party with advance notice of such expenses.

Appears in 3 contracts

Samples: Private Client Transition Services Agreement (Legg Mason Inc), Capital Markets Transition Services Agreement (Legg Mason Inc), Transition Services Agreement (Legg Mason Inc)

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