Common use of Post-Termination Services Clause in Contracts

Post-Termination Services. In connection with the termination or expiration of the Agreement, for any reason or for no reason, Instinet shall (i) reasonably cooperate with Subscriber to minimize any adverse effect on Subscriber or its Affiliates or their respective customers, (ii) assist Subscriber, at Subscriber’s cost and expense, with deinstallation and removal of the Subscriber Systems from the Data Center and (iii) perform those other obligations set forth in this Agreement to be performed by Instinet upon the termination or expiration of this Agreement; provided, that if this Agreement is terminated because Subscriber has not paid any fees owed to Instinet hereunder as they become due, Instinet’s obligations under this Section 9.4.1 shall be subject to the prior payment by the Subscriber of all outstanding amounts to be paid to Instinet under this Agreement.

Appears in 2 contracts

Sources: Co Location Agreement, Co Location Agreement (Instinet Group Inc)