Unwinding Relationship. Upon termination of this Agreement, the parties shall cooperate with each other to facilitate the termination of their relationship under this Agreement. Without limiting the generality of the foregoing, the parties shall cooperate to notify the Cardholders and any other third parties concerning which the parties hereto may mutually agree. In the event that this Agreement is terminated pursuant to an Event of Default, then the party in default shall bear the coast of any conversion or other expenses related to such termination. If this Agreement is terminated for any other reason, then the parties hereto shall share the cost of any conversion or other expenses related to such termination.
Unwinding Relationship. Upon termination of this Agreement, RBS Xxxx shall continue to process transactions for cards that have redeemable value until the earlier of the expiration date of the Card or a period of six (6) months from the Agreement termination date. At such time as this Agreement terminates, Client will not be permitted to load value onto Cards or reverse value from Cards nor will Client be permitted to issue or create additional cards or card accounts or perform card or Cardholder maintenance functions. However, Client will be permitted to access the necessary reporting capabilities of the CashLynkÒ system for Program monitoring purposes. Upon the earlier of Card expiration or expiration of the proscribed six month grace period, RBS Xxxx will remove the value from the cards and remit those funds to Client, subject to a reserve for network obligations and/or service fees due RBS Xxxx at the time of expiration until all potential network obligations or applicable regulatory charges have expired. RBS Xxxx will determine the reserve in its reasonable discretion based upon the history of the Card program. The Parties shall cooperate with each other to facilitate the termination of their relationship under this Agreement. Without limiting the generality of the foregoing, the Parties shall cooperate to notify the Cardholders, the Bank, and any other third Parties concerning which the Parties hereto may mutually agree. In the event that this Agreement is terminated pursuant to an Event of Default, then the Party in default shall bear the cost of any conversion or other expenses related to such termination. If this Agreement is terminated for any other reason, then the Parties hereto shall bear their own costs relative to any conversion or other expenses related to such termination.
