Common use of Rights, Remedies and Responsibilities upon Termination Clause in Contracts

Rights, Remedies and Responsibilities upon Termination. In the event of any termination of this Agreement, all of the terms and conditions herein shall continue to apply through the Effective Termination Date and through any period following the Effective Termination Date, during which Vendor shall continue to perform the Services in order to complete any transactions pending on the Effective Termination Date and to facilitate an orderly transition to a successor Vendor (“Transition Period”). The Transition Period shall last for three (3) months after the Effective Termination Date, but may end sooner at LACERA’s election, or later if both parties agree. The following provisions shall also apply to any termination of this Agreement and shall survive termination of this Agreement:

Rights, Remedies and Responsibilities upon Termination. In the event of any termination of this Agreement, all of the terms and conditions herein shall continue to apply through the Effective Termination Date and through any period following the Effective Termination Datesuch date, during which Vendor Consultant shall continue to perform the Services in order to complete any transactions pending on the Effective Termination Date and to facilitate an orderly transition to a successor Vendor consultant (“Transition Period”). The Transition Period shall last for three (3) months after the Effective Termination Date, but may end sooner at LACERA’s election, or later if both parties agree. The following provisions shall also apply to any termination of this Agreement and shall survive termination of this Agreement: