Common use of Agreement with Respect to Accounting and Data Processing Services Clause in Contracts

Agreement with Respect to Accounting and Data Processing Services. The Receiver shall pay all normal accounting and data processing related expenses and provide these services to the Assuming Bank. The services and reports will be consistent with those provided by the Failed Bank prior to failure. The following expenses are not part of the normal costs and shall be the Assuming Bank’s sole responsibility: (a) Special or additional projects that the Assuming Bank requests. (b) Expenses related to the conversion of data from the failed bank’s system to another system. The Receiver may assign its responsibilities for Accounting and data processing.

Agreement with Respect to Accounting and Data Processing Services. The Receiver shall pay all normal accounting and data processing related expenses and provide these services to the Assuming Bank. The services and reports will be consistent with those provided to or by the Failed Bank prior to failure. The following expenses are not part of the normal costs and shall be the Assuming Bank’s sole responsibility: (a) Special or additional projects that the Assuming Bank requests. (b) Expenses related to the conversion of data from the failed bank’s system to another system. The Receiver may assign its responsibilities for Accounting and data processing.