Common use of Survivals of Payments and Survival of Obligations Upon Termination of Agreement Clause in Contracts

Survivals of Payments and Survival of Obligations Upon Termination of Agreement. In the event of a termination hereunder, this Agreement shall continue in full force and Bank shall continue to provide the services currently then being provided until such time as all Cards are so canceled in accordance with the Cardholder Agreement, but in no event exceeding ***************** from notice of cancellation. If such termination is made by Bank pursuant to Section 9.2, Bank will be entitled to withhold and pay directly all Program expenses from Program revenues including the costs of servicing the existing Cardholders by a servicing organization reasonably selected by Bank. In such event, Bank shall have no further obligation to accept any Cardholder Funds from Client. During any termination, the Parties will cooperate to ensure a smooth and orderly wind-down of the Program. In no event will any Party make any public statement or customer communication regarding the wind-down without the express prior written approval of Bank, which approval shall not be unreasonably withheld or delayed.

Appears in 2 contracts

Samples: Marketer Agreement (Trycera Financial, Inc.), Marketer Agreement (Trycera Financial, Inc.)

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Survivals of Payments and Survival of Obligations Upon Termination of Agreement. In the event of a termination hereunder, this Agreement shall continue in full force and Bank shall continue to provide the services currently then being provided until such time as all Cards are so canceled in accordance with the Cardholder Agreement, but in no event exceeding ***************** one hundred and eighty (180) days from notice of cancellation. If such termination is made by Bank pursuant to Section 9.2, Bank will be entitled to withhold and Confidential 9/2/2004 pay directly all Program expenses from Program revenues Revenues including the costs of servicing the existing Cardholders by a servicing organization reasonably selected by Bank. In such event, Bank shall have no further obligation to accept any Cardholder Funds from Client. During any termination, the Parties will cooperate to ensure a smooth and orderly wind-down of the Program. In no event will any Party make any public statement or customer communication regarding the wind-down without the express prior written approval of Bank, which approval shall not be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Marketer Agreement (Nbo Systems Inc)

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Survivals of Payments and Survival of Obligations Upon Termination of Agreement. In the event of a termination hereunder, this Agreement shall continue in full force and Bank shall continue to provide the services currently then being provided until such time as all Cards are so canceled in accordance with the Cardholder Agreement, but in no event exceeding ********************* days from notice of cancellation. If such termination is made by Bank pursuant to Section 9.2, Bank will be entitled to withhold and pay directly all Program expenses from Program revenues including the costs of servicing the existing Cardholders by a servicing organization reasonably selected by Bank. In such event, Bank shall have no further obligation to accept any Cardholder Funds from Client. During any termination, the Parties will cooperate to ensure a smooth and orderly wind-down of the Program. In no event will any Party make any public statement or customer communication regarding the wind-down without the express prior written approval of Bank, which approval shall not be unreasonably withheld or delayed.. ARTICLE X - CONFIDENTIALITY

Appears in 1 contract

Samples: Marketer Agreement (Trycera Financial, Inc.)

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