Examples of GDS Agreement in a sentence
Under the GDS Agreement beginning in 2015, we are obligated to provide certain levels of volume over the contract period and may be subject to pay shortfall payments in certain cases if we fail to meet volume commitments.
With respect to each GDS Agreement to be entered into following the Effective Date, GBT Holdco shall use commercially reasonable efforts to include such a "reasonable assistance" provision described above in any such GDS Agreement.
During the term of any Supplier Agreement or GDS Agreement, as applicable, notwithstanding the termination of this Agreement, GBT Holdco shall provide Amex access to any reporting available using GBT Holdco's then-current systems reflecting GBT Holdco's and Amex's performance under the terms of all Supplier Agreements and GDS Agreements, as applicable, including GBT Holdco, Amex and the TLS Reps sales and revenue by Supplier and GDS, country-specific volume data by Supplier, and Sharegap for each Supplier.
In the calculation of amounts due Amex under this Section 2.06(b)(ii), GBT Holdco shall use a rate of payment that is proportional to the rate of incentive payment to GBT Holdco under the applicable GDS Agreement (e.g. if [***] of GBT Holdco's segment incentives are paid at [***] and [***] of GBT Holdco's segment incentives are paid at a rate of [***], then [***] of Amex's segment incentives will be paid at [***] and [***] of Amex's segment incentives will be paid at a rate of [***]).
In addition, GBT Holdco acknowledges and agrees that, if Amex moves all or a portion of its business from one GDS to another GDS, and the applicable GDS Agreement provides for additional incentive payments and/or bonuses to be paid in connection with such change, such incentive payments and bonuses shall be paid to Amex in full from the applicable GDS or from GBT Holdco, net of any fees or offsets imposed by the applicable GDS.
With respect to each GDS Agreement that, as of the Effective Date, contains a provision requiring the applicable GDS, at GBT Holdco's or Amex's request, to provide reasonable assistance to Amex in connection with the implementation and integration of its systems with the applicable GDS systems and products, GBT Holdco will use commercially reasonable efforts to assist Amex in obtaining such assistance from such GDS.
GBT Holdco shall use commercially reasonable efforts to ensure that Amex and the TLS Reps, to the extent covered by the applicable GDS Agreement or Supplier Agreement, have access to all applicable Supplier and GDS products and services provided to GBT Holdco under the Supplier Agreements and the GDS Agreements on the same commercial terms as set forth therein.
Following the termination or expiration of this Agreement for any reason (other than a termination of this Agreement by Amex under Section 6.02), each Party shall continue to perform its obligations under this Agreement until, with respect to each Supplier Agreement and GDS Agreement, the end of the then-current term of each Supplier Agreement or each GDS Agreement, as applicable (each, a "Post-Termination Period").
With respect to each GDS Agreement that, as of the Effective Date, does not contain such a provision, GBT Holdco shall use commercially reasonable efforts to include such a "reasonable assistance" provision described above in the first renewal, amendment or addendum to a GDS Agreement that is effective on or after the Effective Date.
GBT Holdco shall, throughout the Term, (i) ensure it has a GDS Agreement with each GDS in full force and effect and (ii) use commercially reasonable efforts to ensure that it has a Supplier Agreement in place or under negotiation, or an arrangement in place or under negotiation, with each Material Supplier, in each case during the Term and consistent with the practice of the GBT Business prior to the Effective Date.