Exhibit 10.31



 Exhibit 10.31 
 

 
  
 22 October 2004 
  
 SAVVIS Communications Corporation 
 1285 Worldgate Drive 
 Herndon, VA 20170 
 Attn: Executive Vice President, Strategic Development 
  
 Re: Network Services Agreement 
  
 Ladies and Gentlemen: 
  
 Reference is made to the Network Services Agreement by and between Savvis Communications Corporation (“Savvis”) and Reuters Limited (“Reuters”), dated as of September 28, 2001 (together with
subsequent amendments thereto, the “Agreement”). The purpose of this letter is to set forth the parties’ agreement regarding any credits, payments or offsets, including but not limited to those against Domestic or International MMCs,
due as a result of Reuters’ making of any Bankruptcy Payments, as provided in Sections 3.6.2, 3.6.7 and 11.2 of the Agreement. The Parties intend by this Agreement to compromise, settle, resolve and discharge all claims, contracts and
liabilities between them regarding the Bankruptcy Payments or any credits arguably due as a result of Bankruptcy Payments upon the terms and conditions hereinafter set forth in order to avoid further expense, inconvenience and unnecessary litigation
without any admission, assumption or finding of liability by or against either Party. Capitalized terms used, but not defined, herein shall have the meaning set forth in the Agreement. 
  
 Notwithstanding anything in the Agreement to the contrary, as the sole result of Reuters’ making any Bankruptcy Payments, the Domestic
MMC shall be adjusted as follows: 
  
 a) All MMC obligations shall cease as of
October 1, 2005. 
  
 b) Reuters will receive a monthly credit against its Domestic
Shortfall Payment obligation for each month from January 1, 2005 through September 30, 2005 equal to the greater of (i) $388,889 and (ii) 60% of the Domestic Shortfall Payment for such month provided that such credit(s) shall never exceed
$667,667 in any single month or $6 million in the aggregate. For the avoidance of doubt, the preceding does not affect the calculation of the Domestic Monthly Spend, but only the amount of the Domestic Shortfall Payment that Reuters is required to
pay to Savvis 
  

					
	 	 	 Reuters Limited
	    	 
	 	 	 85 Fleet Street
	    	 
	 	 	 London EC4P 4AJ
	    	Tel (020) 7250 1122

  
 A subsidiary of Reuters
Group Plc Reg. Office as above Reg No. 145316 England 







 In consideration for the credits specified herein, Reuters on behalf of itself and all affiliates waives its right to
make any further claim for Bankruptcy Payments, or to obtain any further payment, credit or offsets for Bankruptcy Payments, and Savvis, on behalf of itself and all affiliates, waives its right to claim that any Bankruptcy Payments credits or
offsets agreed to herein were improperly paid to Reuters or to obtain any refund of such. Please sign and return both copies of this letter to confirm your acceptance of the above. One copy will be returned to you in due course for your records.

  

			
	 Very truly yours,

	
	 Reuters Limited

		
	 By:
	 	 /s/ Barry Woodward


	 	 	 Barry Woodward

	 	 	 Head of Infrastructure Development &

	 	 	 Networking



  
 Accepted as of the day and year
first above written: 
  
 SAVVIS Communications Corporation 
  

			
		
	 By:
	 	 /s/ Grier C. Raclin


	 Name:
	 	 Grier C. Raclin

	 Title:
	 	 Chief Legal Officer

	 Date:
	 	 October 25, 2004