Penalties For Delayed Implementation. The MPF Provider shall make all the capabilities described in Sections 4.1. and 4.2. available for testing by the Pittsburgh Bank not later than four months after the date this Agreement is executed. Should the MPF Provider fail to make these capabilities available within the six month period following execution of this Agreement, the Pittsburgh Bank’s Program Contribution shall be reduced by $100,000 for each ninety (90) day period or part-thereof in which such capabilities are not made available past the initial six month period.
Appears in 3 contracts
Samples: Services Agreement, Services Agreement (Federal Home Loan Bank of Chicago), Services Agreement (Federal Home Loan Bank of Chicago)
Penalties For Delayed Implementation. The MPF Provider shall make all the capabilities described in Sections 4.1. and 4.2. available for testing by the Pittsburgh Bank not later than four months after the date this Agreement is executed. Should the MPF Provider fail to make these capabilities available within the six month period following execution of this Agreement, the Pittsburgh Bank’s Program Contribution shall be reduced by $100,000 for each ninety (90) day period or part-part thereof in which such capabilities are not made available past the initial six month period.
Appears in 1 contract
Samples: Services Agreement (Federal Home Loan Bank of Pittsburgh)
