Examples of LPS Group in a sentence
For clarification purposes, all FIS Marks shall at all times be exclusively owned, as between the Parties, by FIS, and the entities within the LPS Group shall have no rights, title or interest therein, other than the rights set forth in this Article VI.
Whenever this Agreement specifies that consent is not to be unreasonably withheld, the determination shall take into account, among other things, the relative amount of potential Tax exposure or refund involved for FIS Group companies on the one hand and the LPS Group companies on the other hand, and if the consent relates to bringing proceedings in one venue rather than another, the impact on such decision on such interests of each group.
Except as otherwise provided herein, this Agreement is solely for the benefit of the FIS Group and the LPS Group.
LPS will cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement or in any Ancillary Agreement to be performed by any member of the LPS Group.
If a member of the LPS Group ceases to be a member of the LPS Group, then (x) all sublicenses from LPS to such member granted pursuant to LPS’s rights under this Article VI shall terminate, subject to the transition period described in Section 6.5(c).
In furtherance thereof, in the event of any dispute or disagreement (a “Dispute”) between any FIS Group member and any LPS Group member as to the interpretation of any provision of this Agreement (or the performance of obligations hereunder), the matter, upon written request of either party, will be referred for resolution to a steering committee established pursuant to Section 7.3(a) of the Distribution Agreement (the “Steering Committee”).
Any refund of Taxes resulting from an adjustment made to a Tax Return that includes one or more LPS Group companies on the one hand, and FIS Group companies on the other, shall be allocated in a manner such that a party responsible for indemnification of a Tax liability for a particular Taxable Period pursuant to either Section 4 or Section 5 of this Agreement will be entitled to any refunds with respect to such Tax for such Taxable Period, except as provided in Section 3.1.
Following the Effective Date, LPS shall, or shall cause the applicable LPS Group Member to, waive limitations on eligibility, enrollment and benefits relating to any preexisting medical conditions of the Transferred Employees and their eligible dependents; provided, however, that such waiver of preexisting conditions shall not extend to any condition that prevented a Transferred Employee’s, spouse’s or dependent’s coverage under the FIS Health Plans as of the Effective Date.
Following the Effective Date, LPS shall recognize, or shall cause the applicable LPS Group Member to also recognize, for purposes of annual deductible and out-of-pocket limits under the LPS Health Plans, deductible and out-of-pocket expenses paid by Transferred Employees and their respective dependents under the FIS Health Plans in the calendar year in which the Effective Date occurs to the extent that the Transferred Employees participate in any such FIS Health Plans in such same calendar year.
On the Transfer Date, FIS shall transfer any unused amount in the FIS Flex Plans (on behalf of any Transferred Employee who is employed by LPS or an LPS Group Member immediately prior to the Transfer Date) to LPS and LPS shall credit such transferred amounts to its LPS Flex Plans on behalf of such Transferred Employees.