Common use of Wind-Down Activities Clause in Contracts

Wind-Down Activities. Upon termination of this Agreement for any reason, Administrator’s obligations to perform the Services shall completely cease; provided, however, that the parties shall perform and make payment for such matters as are necessary to wind up their activities pursuant to this Agreement in an orderly manner and to comply with the six (6)- month Wind Down Period and Wind Down Process described in the ACCA. Any payments earned or Reimbursable Costs incurred by Administrator associated solely with the Services provided under this Agreement through the date of termination and through the Wind Down Period shall remain due and owing by OLPG and/or Administrator, as applicable, notwithstanding the termination of this Agreement.

Appears in 1 contract

Sources: Administrative Support Agreement

Wind-Down Activities. Upon termination of this Agreement for any reason, AdministratorOLPG’s obligations to perform the Services services hereunder shall completely cease; provided, however, that the parties Parties shall perform and make payment payments for such matters as are necessary to wind up their activities pursuant to this Agreement in an orderly manner and to comply with the six (6)- month 6)-month Wind Down Period and Wind Down Process described in the ACCA. Any payments earned or Reimbursable Costs incurred by Administrator associated solely with the Services provided under this Agreement through the date of termination and through the Wind Down Period shall remain due and owing by OLPG and/or Administrator, as applicable, notwithstanding the termination of this the Agreement.

Appears in 1 contract

Sources: Professional Services