Common use of Facilities Management Clause in Contracts

Facilities Management. Upon successful completion of the Conversion to the System pursuant to a Facilities Management agreement, OSI shall be entitled to a license fee equal to [**] of the OSI License Fee payable by an OSI direct customer similarly situated to such Customer as of the effective date of such Facilities Management agreement. Such license fee shall be payable in equal monthly installments over the initial term of the Facilities Management agreement, not to exceed three years during the first three years of this Agreement and, thereafter, not to exceed five years. Payments shall commence on the first day of each month following the Conversion Date and thereafter until paid in full unless the Facilities Management agreement shall earlier terminate and BISYS is no longer an Outsourcing Services provider or Facilities Manager to such Customer. Where such agreement is renewed for an additional renewal term, OSI shall be entitled to an additional license fee equal to [**] of the difference, if any, between the License Fee payable by a similarly situated Financial Institution as of the date of such renewal and the License Fee payable by a similarly situated Financial Institution as of the date of the agreement. Such additional license fee, if any, shall be payable by BISYS over the renewal term of the agreement, not to exceed five years. Payments shall commence on the first day of each month following the renewal date and thereafter until paid in full unless the agreement shall earlier terminate and BISYS is no longer an Outsourcing Services provider or Facilities Manager to such Customer.

Facilities Management. Upon successful completion of the Conversion to the System pursuant to a Facilities Management agreement, OSI shall be entitled to a license fee equal to [**] percent ([**]%) of the OSI License Fee payable by an OSI direct customer similarly situated to such Customer as of the effective date of such Facilities Management agreement. Such license fee shall be payable in equal monthly installments over the initial term of the Facilities Management agreement, not to exceed three years [**] during the first three years [**] of this Agreement and, thereafter, not to exceed five years[**]. Payments shall commence on the first day of each month following the Conversion Date and thereafter until paid in full unless the Facilities Management agreement shall earlier terminate and BISYS is no longer an Outsourcing Services provider or Facilities Manager to such Customer. Where such agreement is renewed for an additional renewal term, OSI shall be entitled to an additional license fee equal to [**] ]y percent ([**]%) of the difference, if any, between the License Fee payable by a similarly situated Financial Institution as of the date of such renewal and the License Fee payable by a similarly situated Financial Institution as of the date of the agreement. Such additional license fee, if any, shall be payable by BISYS over the renewal term of the agreement, not to exceed five years[**]. Payments shall commence on the first day of each month following the renewal date and thereafter until paid in full unless the agreement shall earlier terminate and BISYS is no longer an Outsourcing Services provider or Facilities Manager to such Customer.

Facilities Management. Upon successful completion of the Conversion to the System pursuant to a Facilities Management agreement, OSI shall be entitled to a license fee equal to [**] of the OSI License Fee payable by an OSI direct customer similarly situated to such Customer as of the effective date of such Facilities Management agreement. Such license fee shall be payable in equal monthly installments over the initial term of the Facilities Management agreement, not to exceed three years [**] during the first three years [**] of this Agreement and, thereafter, not to exceed five years[**]. Payments shall commence on the first day of each month following the Conversion Date and thereafter until paid in full unless the Facilities Management agreement shall earlier terminate and BISYS is no longer an Outsourcing Services provider or Facilities Manager to such Customer. Where such agreement is renewed for an additional renewal term, OSI shall be entitled to an additional license fee equal to [**] of the difference, if any, between the License Fee payable by a similarly situated Financial Institution as of the date of such renewal and the License Fee payable by a similarly situated Financial Institution as of the date of the agreement. Such additional license fee, if any, shall be payable by BISYS over the renewal term of the agreement, not to exceed five years[**]. Payments shall commence on the first day of each month following the renewal date and thereafter until paid in full unless the agreement shall earlier terminate and BISYS is no longer an Outsourcing Services provider or Facilities Manager to such Customer.