Common use of Bank Compensation Clause in Contracts

Bank Compensation. As its sole source of compensation for performance of all obligations pursuant to this Agreement, Bank shall retain any and all revenue it may generate from the investment of the funds held in the Depositor Accounts. Ancillary services required for the Depositor Program shall be included services and not generate additional compensation for Bank.

Appears in 2 contracts

Samples: Deposit Processing Services Agreement (BM Technologies, Inc.), Deposit Processing Services Agreement (Higher One Holdings, Inc.)

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Bank Compensation. As its sole source of compensation for performance of all of Bank’s obligations pursuant to this Agreement, Bank shall retain any and all revenue it may generate from the investment of the funds held in the Depositor Accounts. Ancillary To the extent the Parties agree that Bank must provide ancillary services required for the Depositor Program pursuant to the terms of this Agreement, including wire transfer processing services, ACH processing services, check processing services, network BIN sponsorship and ATM sponsorship, such services shall be included services and not generate additional compensation for Bank.

Appears in 1 contract

Samples: Deposit Processing Services Agreement (Higher One Holdings, Inc.)

Bank Compensation. As its sole source of compensation for performance of all obligations pursuant to this Agreement, Bank shall retain any and all revenue it may generate from the investment of the funds held in the Depositor Accounts. Ancillary services required for the Depositor Program shall be included services and not generate additional compensation for Bank.

Appears in 1 contract

Samples: Deposit Processing Services Agreement (Higher One Holdings, Inc.)

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Bank Compensation. As its sole source of compensation for performance of all obligations pursuant to this Agreement, Bank shall retain any and all revenue it may generate from the investment of the funds held in the Depositor Accounts. Ancillary services required for the Depositor Program Program, including wire transfers and ATM operations, shall be included services and not generate additional compensation for Bank.

Appears in 1 contract

Samples: Deposit Processing Services Agreement (Higher One Holdings, Inc.)

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