Replacement Provider Sample Clauses
The Replacement Provider clause establishes the process and conditions under which a new service provider may be appointed to take over the responsibilities of the original provider. Typically, this clause outlines the circumstances that trigger the need for a replacement, such as default, insolvency, or failure to meet performance standards, and details the steps for transitioning services to the new provider, including notice requirements and cooperation obligations. Its core practical function is to ensure continuity of service and minimize disruption by providing a clear mechanism for replacing a provider when necessary.
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Replacement Provider. In the event the Agreement (or any portion thereof) is terminated in accordance with this Article II, the Sellers shall be responsible for engaging one or more qualified replacement providers of the Services of the Serviced Appointments that are subject to such termination (each, a “Replacement Provider”), which may be any Seller, any other member of the Seller Group or any third party acceptable to the Sellers. Upon request by the Sellers, the Purchasers shall provide the Sellers with reasonable assistance in marketing the Services subject to such termination to potential third party Replacement Providers, including by providing any information reasonably requested by the Sellers; provided, that any potential third party Replacement Provider shall have executed a customary confidentiality agreement before any confidential information of the Purchasers is disclosed by the Sellers to such potential third party Replacement Provider.