Switch Services Clause Samples
The Switch Services clause defines the terms and procedures for transitioning from one service provider to another within the scope of an agreement. It typically outlines the responsibilities of both the outgoing and incoming providers, such as the transfer of data, continuity of service, and cooperation during the handover period. This clause ensures a smooth and orderly transition, minimizing disruption to the client’s operations and reducing the risk of service gaps or data loss during the switch.
Switch Services. Star agrees that, for a period of one year following the Closing Date, PT-1 will charge IDT not more than the fair market rate for termination of telecommunications traffic on or through any of the PT-1 switches that are presently used in the operation of the Business (including, without limitation, use of the debit card platform to be transferred by PT-1 to IDT pursuant to this Agreement until it is in full operation by IDT), and that such rates will not include any administrative or related overhead charge for the use of such switch (and platform). Notwithstanding the foregoing, PT-1 may (upon not less than 60-days' prior written notice to IDT) sell, transfer, otherwise convey or shut-down any such switch (or platform) at any time after the date which is six months following the Closing Date and IDT's rights under this Section 6 with respect to the relevant switch (and platform) will terminate on the later of (a) the 60th day following written notice from PT-1 to IDT of PT-1's intention to effect such sale, transfer, conveyance or shut-down and (b) the date of such sale, transfer, conveyance or shut-down.
Switch Services. As a condition of VTA’s performance under this Agreement (and an exception to VTA’s acceptance deemed to automatically occur pursuant to Section 3), Lessee agrees that it will, prior to delivery to VTA of a Corridor Acceptance Certificate, (i) acquire rights to operate and/or own a switch that is sufficient to operate the VTA Network and to perform Lessee’s obligations under any roaming agreement(s) to which Lessee is a party, or (ii) execute an agreement for hosted switching services sufficient to operate the VTA Network and to perform Lessee’s obligations under any roaming agreement(s) to which Lessee is a party.
Switch Services. 1.1 The Switch Service is an email & file encryption service that enables users to encrypt, share, and remotely manage secure information that is distributed using a variety of transfer mechanisms including email, CD/DVD, USB Flash, USB Hard Drives, FTP Servers, HTTP Servers, and hosted Cloud Servers.
1.2 The Switch Service enables small or large organisations in the Public and Private sector to share information securely by enforcing policy centrally and integrating information security into existing workflow processes. Additionally, comprehensive real-time auditing ensures that information owners know precisely who, when, and where confidential data is being accessed. This new approach to secure information sharing enables users to maintain visibility and control wherever the data resides.
1.3 Core software components in the Switch Platform include:
1.3.1 Egress Switch Server Infrastructure
1.3.2 Egress Switch Server
Switch Services. Switch is a blockchain-based financial services ecosystem. The blockchain is empowered by a global decentralized node network where node licensees will be rewarded with SWITCH digital rewards. Switch offers debit payment solutions for both traditional and cryptocurrencies around the world. Switch enables its Users to own, buy, sell, transfer, and share unique digital rewards that can be visualized on the site along with other services through the Switch App, defined below in Section 1.1. To be eligible to use our Services, Users must be an individual, corporation, legal person or entity or organization in a location in which Switch services are available. Individual Users must be at least 18 years old. Full use of our Services requires that Users create an Account(s) by; (1) providing us with information such as their full name, email address (temporary, disposable, self- destructive or similar email address are prohibited), current physical address and such other information that we may require. (2) selecting a strong password, and (3) accepting these Terms & Conditions. Switch reserves sole and absolute discretion to accept or reject any application for any reason or for no reason at all, or limit the number of Account(s) that Users may hold. Under no circumstances shall any of the Indemnified Persons (defined below) be responsible or liable to the User or any other person or entity for any direct or indirect losses (including loss of profits, business or opportunities), damages, or costs arising from our decision to reject the User’s application to open an Account(s). As a money services business registered with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network, Switch is required to, among other things, identify users of our Services. Users agree to provide us with the information we request for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crime and permit us to keep a record of such information. Users will need to complete certain verification procedures before they are permitted to use the Services and access one or more Account(s) or Services. In addition, as part of our risk management and fraud prevention processes, we may from time-to- time require Users to reconfirm or update some of the information entered when the User took part in our identity verification procedure. The information we request may include certain personal information, i...