Disentanglement definition
Examples of Disentanglement in a sentence
Upon the Successor Manager’s assumption of the obligation to perform all Services hereunder, the Manager shall be entitled to reimbursement of its actual costs for the provision of any Disentanglement Services, other than, on and after the 2021 Springing Amendments Implementation Date, those related to Continuity of Services, which will remain separate obligations of the Manager.
On and after the 2021 Springing Amendments Implementation Date, the Manager will use its commercially reasonable efforts to not materially reduce the existing staff and resources of the Manager devoted to or shared with the provision of the Services prior to the date of such Termination Notice and allow reasonable access to the Manager’s premises, systems and offices during the Disentanglement Period (such activities being referred to as “Continuity of Services”).
All services relating to Disentanglement (“Disentanglement Services”), and, on and after the 2021 Springing Amendments Implementation Date, Continuity of Services, including all reasonable training for personnel of the Back-Up Manager, the Successor Manager or the Successor Manager’s designated alternate service provider in the performance of the Services, will be deemed a part of the Services to be performed by the Manager.
The Manager shall cooperate fully with the Successor Manager or Interim Successor Manager, as the case may be and otherwise promptly take all actions required to assist in effecting a complete Disentanglement while using commercially reasonable efforts to maintain Continuity of Services and shall follow any directions that may be provided by the Back-Up Manager and the Control Party.
The Manager shall provide all applicable information and assistance regarding the terminated Services required for Disentanglement and, on and after the 2021 Springing Amendments Implementation Date, Continuity of Services, including data conversion and migration, interface specifications, and related professional services.