Common use of Sums Due Clause in Contracts

Sums Due. (a) In the event of a termination (including any termination pursuant to Section 7.2) or expiration of this Agreement (or Services under one or more Schedules), AXP shall be entitled to the payment or reimbursement of, and Ameriprise shall, or shall cause its applicable Affiliates to, pay and reimburse AXP, on the date of such termination or expiration (i) all amounts due to AXP or any AXP Service Provider under this Agreement and (ii) all amounts accrued in connection with the provision of AXP Services through the date of such termination or expiration that are not yet due and payable to AXP or any AXP Service Provider under this Agreement, as if such amounts were due and payable on the date of such termination or expiration. (b) In the event of a termination (including any termination pursuant to Section 7.2) or expiration of this Agreement (or Services under one or more Schedules), Ameriprise shall be entitled to the payment or reimbursement of, and AXP shall, or shall cause its applicable Affiliates to, pay and reimburse Ameriprise, on the date of such termination or expiration (i) all amounts due to Ameriprise or any Ameriprise Service Provider under this Agreement and (ii) all amounts accrued in connection with the provision of the Ameriprise Services through the date of such termination or expiration that are not yet due and payable to Ameriprise or any Ameriprise Service Provider under this Agreement, as if such amounts were due and payable on the date of such termination or expiration.

Appears in 2 contracts

Samples: Transition Services Agreement (American Express Financial Corp), Transition Services Agreement (Ameriprise Financial Inc)

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Sums Due. (a) In the event of a termination (including any termination pursuant to Section 7.27.02) or expiration of this Agreement or any Additional Agreement (or Services under one or more SchedulesSchedules or Additional Agreements), AXP Belo shall be entitled to the payment or reimbursement of, and Ameriprise Newspaper Holdco shall, or shall cause its applicable Affiliates to, pay and reimburse AXPBelo, on the date of such termination or expiration (i) all amounts due to AXP Belo or any AXP Belo Service Provider under this Agreement or any Additional Agreement and (ii) all amounts accrued in connection with the provision of AXP Belo Services through the date of such termination or expiration that are not yet due and payable to AXP Belo or any AXP Belo Service Provider under this Agreement or any Additional Agreement, as if such amounts were due and payable on the date of such termination or expiration. (b) In the event of a termination (including any termination pursuant to Section 7.27.02) or expiration of this Agreement or any Additional Agreement (or Services under one or more SchedulesSchedules or any Additional Agreement), Ameriprise Newspaper Holdco shall be entitled to the payment or reimbursement of, and AXP Belo shall, or shall cause its applicable Affiliates to, pay and reimburse AmeripriseNewspaper Holdco, on the date of such termination or expiration (i) all amounts due to Ameriprise Newspaper Holdco or any Ameriprise Newspaper Holdco Service Provider under this Agreement or any Additional Agreement and (ii) all amounts accrued in connection with the provision of the Ameriprise Newspaper Holdco Services through the date of such termination or expiration that are not yet due and payable to Ameriprise Newspaper Holdco or any Ameriprise Newspaper Holdco Service Provider under this Agreement or any Additional Agreement, as if such amounts were due and payable on the date of such termination or expiration.

Appears in 2 contracts

Samples: Services Agreement (A. H. Belo CORP), Services Agreement (A. H. Belo CORP)

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