Common use of Payment Upon Nonrenewal Clause in Contracts

Payment Upon Nonrenewal. If Customer gives or receives notice not to renew this Agreement pursuant to Section 2.1, or Customer terminates this Agreement under Section 9.5, Customer will pay to Aurum an amount equal to all amounts then due and payable to Aurum, plus (a) Aurum’s charges for any Additional Services reasonably requested by Customer for deconversion assistance, (b) Aurum’s then standard charges for the resources utilized to prepare any test or conversion tapes, and (c) all other costs reasonably incurred by Aurum in connection with such election not to renew or termination that are described in Section 7.6(a) and that relate to obligations that Customer approved, which extend beyond the then current term of this Agreement or earlier termination date under Section 9.5. All amounts payable under this Section 7.7 will be invoiced and paid prior to the expiration date and prior to the release of any test tapes or other data of Customer.

Appears in 2 contracts

Samples: Additional Services (Placer Sierra Bancshares), Additional Services (Placer Sierra Bancshares)

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Payment Upon Nonrenewal. If Customer gives or receives notice not to renew this Agreement pursuant to Section 2.1, or Customer terminates this Agreement under Section 9.5, Customer will pay to Aurum an amount equal to all amounts then due and payable to Aurum, plus (a) Aurum’s 's charges for any Additional Services reasonably requested by Customer for deconversion assistance, (b) Aurum’s 's then standard charges for the resources utilized to prepare any test or conversion tapes, and (c) all other costs reasonably incurred by Aurum in connection with such election not to renew or termination that are described in Section 7.6(a) and that relate to obligations that Customer approved, which extend beyond the then current term of this Agreement or earlier termination date under Section 9.5. All amounts payable under this Section 7.7 will be invoiced and paid prior to the expiration date and prior to the release of any test tapes or other data of Customer.

Appears in 1 contract

Samples: Agreement for Information Technology Services (Community Bancorp)

Payment Upon Nonrenewal. If Customer gives or receives notice not to renew this Agreement pursuant to Section 2.12.2, or Customer terminates this Agreement under Section 9.510.5, Customer will pay to Aurum an amount equal to all amounts then due and payable to Aurum, plus (a) Aurum’s 's charges for any Additional Services reasonably requested by Customer for deconversion assistance, (b) Aurum’s 's then standard charges for the resources utilized to prepare any test or conversion tapes, and (c) all other costs reasonably incurred by Aurum in connection with such election not to renew or termination that are described in Section 7.6(a8.5(a) and that relate to obligations that Customer approved, which extend beyond the then current term of this Agreement or earlier termination date under Section 9.510.5. All amounts payable under this Section 7.7 8.6 will be invoiced and paid prior to the expiration date and prior to the release of any test tapes or other data of Customer.

Appears in 1 contract

Samples: Technology Services (Home Financial Bancorp)

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Payment Upon Nonrenewal. If Customer gives or receives notice not to renew this Agreement pursuant to Section 2.1, or Customer terminates this Agreement under Section 9.57.5, Customer will pay to Aurum an amount equal to all amounts then due and payable to Aurum, plus (a) Aurum’s 's charges for any Additional Services reasonably requested by Customer for deconversion assistance, (b) Aurum’s 's then standard charges for the resources utilized to prepare any test or conversion tapes, and (c) all other costs reasonably incurred by Aurum in connection with such election not to renew or termination that are described in Section 7.6(a5.5(a) and that relate to obligations that Customer approved, which extend beyond the then current term of this Agreement or earlier termination date under Section 9.57.5. All amounts payable under this Section 7.7 5.6 will be invoiced and paid prior to the expiration date and prior to the release of any test tapes or other data of Customer.

Appears in 1 contract

Samples: Internet Master Services Agreement (Community Partners Bancorp)

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