Common use of Transition following Termination Clause in Contracts

Transition following Termination. As soon as reasonably practicable following its resignation or termination of appointment becoming effective and subject to payment of any amount owing to X.X. Xxxxxx under this Agreement, X.X. Xxxxxx agrees to transfer such records and related supporting documentation and information as are held by it under this Agreement, to any replacement provider of the Services or to such other person as the Customer may direct. Except as otherwise provided in Section 7.2, X.X. Xxxxxx shall provide the Services until a replacement sub-administrator is in place, subject to the terms and conditions of this Agreement (including Article 4). X.X. Xxxxxx will also provide reasonable assistance to its successor, for such transfer, subject to the payment of such reasonable expenses and charges as X.X. Xxxxxx customarily charges for such assistance. The Customer undertakes to use its best efforts to appoint a new sub-administrative service provider as soon as possible. To the extent required by Applicable Law, the provisions of Section 2.4 shall survive Termination of this Agreement.

Appears in 3 contracts

Samples: Fund Sub Services Agreement (Eq Advisors Trust), Fund Services Agreement (Eq Advisors Trust), Fund Sub Services Agreement (Eq Advisors Trust)

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Transition following Termination. As soon as reasonably practicable following its resignation or termination of appointment becoming effective and subject to payment of any amount owing to X.X. J.X. Xxxxxx under this Agreement, X.X. J.X. Xxxxxx agrees to transfer such records and related supporting documentation and information as are held by it under this Agreement, to any replacement provider of the Services or to such other person as the Customer may direct. Except as otherwise provided in Section 7.2, X.X. J.X. Xxxxxx shall provide the Services until a replacement sub-administrator is in place, subject to the terms and conditions of this Agreement (including Article 4). X.X. J.X. Xxxxxx will also provide reasonable assistance to its successor, for such transfer, subject to the payment of such reasonable expenses and charges as X.X. J.X. Xxxxxx customarily charges for such assistance. The Customer undertakes to use its best efforts to appoint a new sub-administrative service provider as soon as possible. To the extent required by Applicable Law, the provisions of Section 2.4 shall survive Termination of this Agreement.

Appears in 2 contracts

Samples: Fund Services Agreement (Axa Premier Vip Trust), Fund Services Agreement (Axa Premier Vip Trust)

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