Common use of Payment for Transition-Out Services Clause in Contracts

Payment for Transition-Out Services. ‌ (a) To the extent PEXA continues to provide the Services (other than the Transition-Out Services) during the Transition-Out Period, the Financial Institution will continue to pay PEXA the Charges for those Services in accordance with this Participation Agreement. (b) Subject to paragraph (c), ▇▇▇▇ will be entitled to be paid for performing the Transition-Out Services in accordance with the Transition-Out Plan, including the Charges set out in that plan. (c) Where the Financial Institution terminates this Participation Agreement under any provision of this Participation Agreement (other than under paragraph 18.3(b)), PEXA must provide the Transition-Out Services at no cost or charge to the Financial Institution.‌

Payment for Transition-Out Services. ‌ (a) To the extent PEXA continues to provide the Services (other than the Transition-Out Services) during the Transition-Out Period, the Financial Institution will continue to pay PEXA the Charges for those Services in accordance with this Participation Agreement. (b) Subject to paragraph (c), ▇▇▇▇ will be entitled to be paid for performing the Transition-Out Services in accordance with the Transition-Out Plan, including the Charges set out in that plan. (c) Where the Financial Institution terminates this Participation Agreement under any provision of this Participation Agreement (other than under paragraph 18.3(b)), PEXA must provide the Transition-Out Services at no cost or charge to the Financial Institution.‌Institution.