Deconversion Services. (A) Upon the expiration or termination of this Agreement, the Servicer shall provide the Deconversion Services. (B) The Deconversion Services shall be provided at the Servicer’s sole cost and expense, unless this Agreement is terminated by the Servicer as provided in Section 5.02(C) hereof, in which case the Deconversion Services shall be at the Client’s cost as provided in Schedule A. The Servicer shall have no obligation to provide the Deconversion Services in such case unless it shall have reasonable assurance that it will be paid for such Deconversion Services in accordance with the terms hereof.
Appears in 2 contracts
Sources: Agreement for Servicing Private Student Loans, Agreement for Servicing Private Student Loans (Itt Educational Services Inc)
Deconversion Services. (A) Upon the expiration or termination of this Agreement, the Servicer shall provide the Deconversion Services.
(B) The Deconversion Services shall be provided at the Servicer’s sole cost and expense, unless this Agreement is terminated by the Servicer as provided in Section 5.02(C5.02(B) or (C) hereof, or by the Voting Party as provided in which case Section 5.02(E) hereof. In any of the cases set forth in the preceding sentence, the Deconversion Services shall be at the ClientTrust’s cost as provided in Schedule A. The Servicer shall have no obligation to provide the Deconversion Services in such case unless it shall have reasonable assurance that it will be paid for such Deconversion Services in accordance with the terms hereof.
Appears in 1 contract