Common use of Risk of Internet Usage Clause in Contracts

Risk of Internet Usage. Each party acknowledges and agrees that the Internet is a communication medium over which the parties have no control and that its continued utilization in its present form at current costs is uncertain. Therefore, if at any time during the term of this Agreement the cost of access to the Internet increases or there is imposed a fee or cost for use of the Internet communication lines, or there is imposed any law, governmental ruling, or regulation the result of which increases the cost of access to or usage of the Internet or otherwise makes it impractical, in either party's sole discretion, to continue to perform this Agreement, either party may, upon notice to the other party, immediately terminate the Interactive Portion of TravelWeb(SM), the Interface, and/or this Agreement without such action constituting an event of default.

Appears in 2 contracts

Samples: Participant Agreement (Pegasus Systems Inc), Participant Agreement (Pegasus Systems Inc)

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Risk of Internet Usage. Each party acknowledges and agrees that the Internet is a communication medium over which the parties have no control and that its continued utilization in its present form at current costs is uncertain. Therefore, if at any time during the term of this Agreement the cost of access to the Internet increases or there is imposed a fee or cost for use of the Internet communication lines, or there is imposed any law, governmental ruling, or regulation the result of which increases the cost of access to or usage of the Internet or otherwise makes it impractical, in either party's sole discretion, to continue to perform this Agreement, either party may, upon notice to the other party, immediately terminate the Interactive Portion of TravelWeb(SM)TravelWeb, the Interfaceinterface, and/or this Agreement without such action constituting an event of default.

Appears in 2 contracts

Samples: Participant Agreement (Pegasus Systems Inc), Participant Agreement (Pegasus Systems Inc)

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