Termination of Service Agreements. Unless Customer makes the election to terminate this Agreement as provided in Section 9.2(b), the BHAC Service Agreement, the Humboldt Agreement and the Merchant Processing Services portions of the FNP Agreement are hereby terminated as of October 27, 2002. [The rest of this page is intentionally left blank; signature page follows.] The parties to this Agreement have caused it to be executed by their duly authorized officers as of the date set forth at the beginning of this Agreement. FIRST DATA MERCHANT SERVICES CORPORATION By: /s/ Axxxxxx Xxxxxxxxxx ---------------------------------------------- Name: Axxxxxx Xxxxxxxxxx -------------------------------------------- Title: SVP ------------------------------------------- iPAYMENT HOLDINGS, INC. By: /s/ Jxxxxx Xxxxxxx ---------------------------------------------- Name: Jxxxxx Xxxxxxx --------------------------------------------
Termination of Service Agreements. All agreements whereby the Company or its Subsidiaries provide administrative or support services to entities that are Affiliates of any officer or director of the Company (the "Shared Service Agreements") shall terminate within 60 days after the Effective Time; provided that if the employees providing such services terminate their employment with the Company, the obligation to provide such services under the Shared Services Agreements shall terminate immediately; and
Termination of Service Agreements. (a) Subject to the performance in full by Quadrax of this Settlement Agreement, the Repayment Agreement, as amended hereby, and the Escrow Agreement of even date herewith, a copy of which is attached hereto as Exhibit F and made a part hereof (the "Escrow Agreement"), the obligations of Quadrax and Fxxxxx under each of the Service Agreements are terminated and discharged, effective (other than as provided in 8) January 1, 1996. (b) In consideration of the termination of Quadrax's obligations to Fxxxxx under the Service Agreements, as of the date hereof Quadrax shall (i) pay Fxxxxx $108,000 in cash, and (ii) deposit $73,650 in cash in the escrow account ("Escrow Account") as established by the Escrow Agreement. (c) For purposes of 2 (a), "performance in full by Quadrax of . . . the Escrow Agreement" shall mean (i) Quadrax issues to Fxxxxx or his designee fully registered and freely transferable shares of Quadrax common stock computed in the manner set forth in, and as required by, 1 (d) of the Repayment Agreement, as amended by 4 hereof, or, in the event that such shares of Quadrax common stock are not issued to Fxxxxx, (ii) the escrow agent disburses to Fxxxxx $373,650 in cash plus interest at the rate of $65.75 per day for the period October 16, 1995 until the date such disbursement is made, inclusive. (d) Quadrax agrees to execute all insurance forms, releases and assignments which may be required by NML to carry out the purposes of this Agreement. 3.
Termination of Service Agreements. Notwithstanding anything the contrary set forth herein, prior to the expiration of the Due Diligence Period, except for those Service Agreements listed in Exhibit C-1 which cannot be terminated upon thirty (30) days notice or upon sale of the Property and which must be assumed by Purchaser, Purchaser may elect by delivery of written notice to Seller not to assume one or more of the Service Agreements. Seller, at its sole cost and expense, shall cause any Service Agreement which Purchaser elects not to assume to be terminated on or before the Closing, provided, however, any Service Agreement which cannot be terminated must be assumed by Seller at Closing. Payments under any Service Agreements which Purchaser assumes shall be prorated in the same manner as the Leases.
Termination of Service Agreements. Each Seller shall, immediately prior to the Closing, terminate his respective Services Agreement with the Company.
Termination of Service Agreements. Upon ICG’s receipt of the Settlement Amount, the Service Agreements shall terminate and QCC shall no longer be required to pay ICG for the Services under the Service Agreements. All amounts withheld by QCC from previous payments made to ICG associated with the Service Agreements as a result of billing disputes or otherwise associated with the Service Agreements may be retained by QCC. Except as set forth in paragraph 3 below, ICG shall no longer be required to provide the Services to Qwest. For avoidance of doubt, ICG shall be allowed to immediately terminate the Services, other than the Transition Services, without liability to QCC or any third party. QCC agrees to indemnify and hold ICG harmless from any claims losses or expenses from Qwest’s customers or partners or any other party affected by the loss of service resulting from the terminations except to the extent such services are part of the Transition Services or the loss of service is caused by ICG’s negligence or intentional misconduct. In addition, the parties acknowledge that pursuant to the terms of an ICG/QCC/QC Settlement Agreement dated July 3, 2001 (the “Bankruptcy Settlement Agreement”), approved by the court in ICG’s bankruptcy case, the equipment as defined in the Bankruptcy Settlement Agreement currently being used by ICG to provide services to QCC under the Services Agreements as defined in Section 4 of the Bankruptcy Settlement Agreement is to be transferred to Qwest once certain liens encumbering the equipment are released. Within thirty (30) days of ICG’s receipt of the Settlement Amount, ICG will transfer title to the equipment to QCC free and clear of any and all liens in accordance with the terms of the Bankruptcy Settlement Agreement.
Termination of Service Agreements. The Seller will ensure that the service agreements between the Med Companies on the one hand and the Seller, TRUMPF or an Affiliate of TRUMPF on the other hand (which are listed in Schedule 7.4) will be terminated with commercial effect as of Closing, such termination agreements to contain a reciprocal waiver of all claims and obligations of the parties under the respective service agreements with the exception of payment claims for services rendered until Closing. The Purchaser is aware that as of Closing, the Med Companies will have to obtain the relevant services from other service providers.
Termination of Service Agreements. Either Party may terminate a Service Agreement on the giving of the following minimum periods of notice:.:. Total number of hours weekly Minimum notice Up to 10 hours 14 days 10-99 hours two calendar months 100+ hours three clandar months ither Party may terminate a Service Agreement which termination shall take effect as soon as is practicable after notice of termination has been given where: The Service User’s needs can no longer be met; or Where there is potential for significant harm to the Service User, a member of Staff or another person using the service; or In cases of death; or There are 3 months or more of unpaid service user contributions. Where any of the circumstances set out above arise the Parties shall work together to safeguard the interests of the Service User until such time as an alternative arrangement can be made so as to ensure the Service User’s needs are met. Termination of a Service Agreement does not terminate the Provider Agreement.
Termination of Service Agreements. (1) Service agreements (Dienstvertrag) may be terminated by either Party at end of any given month upon two weeks' prior written notice, unless otherwise agreed by the Parties. The rights provided for in German Civil Code (BGB) § 626 shall remain unaffected hereby.
Termination of Service Agreements
