Travelbag Sample Clauses

Travelbag. 1. Contribution to GDS contract termination penalty Amadeus will pay EBOOKERS up to (***) (“Contribution”) for the migration of 100% of the current air, car and hotel net segment booking business of Travelbag (xxx.xxxxxxxxx.xxx) to the System, with said migration commencing no later than 1st May 2004 and being complete by 30th June 2004 (“Migration Target”). EBOOKERS has informed Amadeus that it may be responsible for an early termination sum owed to Travelbag’s current GDS (“Termination Payment”). The actual Contribution payable to EBOOKERS will be capped at (***) and will depend on the Termination Payment (if any) to Travelbag’s current GDS. EBOOKERS will provide Amadeus with (i) the documentation necessary to demonstrate payment of the Termination Payment, and (ii) the appropriate invoice. Amadeus will pay the Contribution within thirty (30) days of the invoice. If (i) EBOOKERS terminates the Agreement prior to the end of the third year after complete migration of the Travelbag business or (ii) fails to migrate all of the Travelbag business, then EBOOKERS will repay the Contribution to Amadeus plus interest at the rate of two (2) percentage points above the 3 month EUROLIBOR from the date the Contribution was paid. If EBOOKERS (i) terminates the Agreement prior to the end of the Term after complete migration of the Travelbag business, or the Agreement expires and (ii) has not achieved (***) million Net Segments (“Agreement Target”) as of the date of such termination, or expiration, then EBOOKERS will repay to Amadeus a portion of the Contribution. The repayment will be equal to the Contribution multiplied by the percentage of the Agreement Target not achieved, plus interest at the rate of two (2) percentage points above the 3 month EUROLIBOR from the date the Contribution was paid. If EBOOKERS and the travel industry as a whole is affected by a major event (e.g., September 11th) that suddenly and dramatically affects EBOOKERS ability to reach the Net Segment Targets, then Amadeus will temporarily waive the annual targets and EBOOKERS will agree to extend the Agreement term accordingly.
Sample 1
AutoNDA by SimpleDocs
Travelbag. 1. Contribution to GDS contract termination penalty Amadeus will pay EBOOKERS up to (***) (“Contribution”) for the migration of 100% of the current air, car and hotel net segment booking business of Travelbag (xxx.xxxxxxxxx.xxx) to the System, with said migration commencing no later than 1st May 2004 and being complete by 30th June 2004 (“Migration Target”). EBOOKERS has Informed Amadeus that it may be responsible for an early termination sum owed to Travelbag’s current GDS (“Termination Payment”).’ The actual Contribution payable to EBOOKERS will be capped at (***) and will depend on the Termination Payment (if any) to Travelbag’s current GDS. EBOOKERS will provide Amadeus with (i) the documentation necessary to demonstrate payment of the Termination Payment, and (ii) the appropriate invoice. Amadeus will pay the Contribution within thirty (30) days of the invoice.
Sample 1

Related to Travelbag

  • Travel The Executive shall undertake such travel as may be necessary and desirable to promote the business and affairs of the Company, consistent with the Executive’s position and duties with the Company.

  • Network 2.7.1 DCH will provide to the Contractor up-to-date changes to the State’s list of excluded Providers, as well as any additional information that will affect the Contractor’s Provider network.

  • Business Travel, Lodging, etc Employer shall reimburse Executive for reasonable travel, lodging, meal and other reasonable expenses incurred by him/her in connection with his/her performance of services hereunder upon submission of evidence, satisfactory to Employer, of the incurrence and purpose of each such expense and otherwise in accordance with Employer’s business travel reimbursement policy applicable to its senior executives as in effect from time to time.

  • Lodging It is understood that Sonics will work with the TI project manager to ensure Sonics is receiving TI’s special rates at certain major hotels.

  • Entertainment Entertainment expense is not reimbursable to vendors. Entertainment includes meal expense involving AT&T personnel, golf fees, tickets to events and related incidental expenses. Hotel charges for a pay-per-view movie, individual sightseeing tours, or other individual activities (i.e., golf, sporting event, movie, etc.) are not reimbursable.

  • Cellular Phone Employer shall provide Employee with a cellular phone for his use in performing his responsibilities with Employer. In the alternative, Employer shall pay Employee’s cellular phone expense.

  • Training State Street agrees to provide training, at a designated State Street training facility or at the Designated Locations, to the Fund’s personnel in connection with the use of the System on the Designated Configuration. The Fund agrees that it will set aside, during regular business hours or at other times agreed upon by both parties, sufficient time to enable all operators of the System and the Data Access Services, designated by the Fund, to receive the training offered by State Street pursuant to this Addendum.

  • Restaurants, Bars, Machines, Other Income All monies received in connection with bar, restaurant, banquet and similar and other services at the Hotel (other than amounts due from any guest and included in room rentals) prior to the close of business for each such operation for the night in which the Cutoff Time occurs shall belong to Seller, and all other receipts and revenues (not previously described in this Section 12.1) from the operation of any department of the Hotel shall be prorated between Seller and Buyer at Closing.

  • End Users LICENSEE agrees to require all direct recipients of Licensed Products to whom Licensed Products are sold, leased, or otherwise disposed of by LICENSEE or its sublicensees, to look only to LICENSEE and not to LICENSOR or its affiliates for any claims, warranties, or liability relating to such Licensed Products. LICENSEE agrees to take all steps to reasonably assure itself that Licensed Products sold, leased or otherwise disposed of by or for LICENSEE is being used for permitted purposes only.

  • Air Travel The Buyers will reimburse the Seller for the transportation costs of the Seller's instructors in confirmed business class or in confirmed coach class, where business class is not available, to and from the Buyers' designated training site and the Seller's training center.

Time is Money Join Law Insider Premium to draft better contracts faster.