Common use of Modification of Terms and Pricing Clause in Contracts

Modification of Terms and Pricing. If Customer is in default and M&I elects to continue to perform the Services, or if the Customer's tangible capital or reserve requirements computed in accordance with applicable federal regulations for itself or any of its FDIC insured affiliates receiving Services hereunder are less than the required regulatory minimums, Customer agrees to pay M&I all unamortized conversion expenses in advance of M&I performing any additional Services. In addition, Customer agrees that, in such event, all charges for Services shall be computed using M&I's then-current standard published prices, paid in advance as determined by M&I. At M&I's option, such Services shall be provided on a month-to-month basis.

Appears in 1 contract

Samples: Data Processing Agreement (Covest Bancshares Inc)

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Modification of Terms and Pricing. If Customer is in default and M&I elects to continue to perform the Services, or if the Customer's tangible capital or reserve requirements computed in accordance with applicable federal regulations for itself or any of its FDIC insured affiliates receiving Services hereunder are less than the required regulatory minimums, Customer agrees to pay M&I all unamortized conversion expenses in advance of M&I performing any additional Services. In addition, Customer agrees that, in such event, that all charges for Services shall be computed using M&I's then-current standard published prices, paid in advance as determined by M&I. At M&I's option, such Services shall be provided on a month-to-month basis.

Appears in 1 contract

Samples: Data Processing Agreement (Florida Banks Inc)

Modification of Terms and Pricing. If Customer is in default and M&I elects to continue to perform the Services, or if the Customer's tangible capital or reserve requirements computed in accordance with applicable federal regulations for itself or any of its FDIC insured affiliates receiving Services hereunder are less than the required regulatory minimums, Customer agrees to pay M&I all unamortized conversion expenses in advance of M&I performing any additional Services. In addition, Customer agrees that, in such event, that all charges for Services shall be computed using M&I's then-current standard published prices, paid in advance as determined by M&I. At M&I's option, such Services shall be provided on a month-to-month basisbasis after providing Customer one hundred twenty (120) days' prior written notice. Upon Customers cure of default, the pricing structure shall revert to that described in Section 2a of this agreement.

Appears in 1 contract

Samples: Data Processing Agreement (Team Financial Inc /Ks)

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Modification of Terms and Pricing. If Customer is in default and M&I elects to continue to perform the Services, or if the Customer's tangible capital or reserve requirements computed in accordance with applicable federal regulations for itself or any of its FDIC insured affiliates receiving Services hereunder are less than the required regulatory minimums, Customer agrees to pay Pay M&I all unamortized conversion expenses in advance of M&I performing any additional Services. In addition, Customer agrees that, in such event, that all charges for Services shall be computed using one hundred ten percent (110%) of M&I's then-current standard published prices, paid in advance as determined by M&I. At M&I's option, such Services shall be provided on a month-to-month basis.

Appears in 1 contract

Samples: Data Processing Services Agreement (Valley National Corp /De/)

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