Common use of Services by Third Parties Clause in Contracts

Services by Third Parties. Except with respect to space made available to each of the Services Recipients pursuant to Schedule A, each of the Services Recipients may in its absolute discretion and without cause procure any of the services or benefits specified in clause 3 from a third party or may provide such services or benefits for itself. The Services Provider shall discontinue providing such services or benefits upon written notice by the discontinuing party, delivered at least 90 days before the requested termination date. The terminating Services Recipient shall pay to the Providing Parties an amount equal to the costs incurred by the Providing Parties as a result of such termination, including without limitation, any severance or cancellation fees.

Appears in 2 contracts

Sources: Administrative Services Agreement (BGC Partners, Inc.), Administrative Services Agreement (Espeed Inc)

Services by Third Parties. Except with respect to space made available to each of the Services Recipients pursuant to Schedule A, each of the Services Recipients may in its absolute discretion and without cause procure any of the services Administrative Services or benefits specified in clause 3 from a third party Party or may provide such services Services or benefits for itself. The Services Provider Providers shall discontinue providing such services Services or benefits upon written notice by the discontinuing party, delivered at least 90 days before the requested termination date. The terminating Services Recipient shall pay to the Providing Parties an amount equal to the costs incurred by the Providing Parties as a result of such termination, including without limitation, any severance or cancellation fees.

Appears in 1 contract

Sources: Administrative Services Agreement (BGC Partners, Inc.)