Common use of Resumption of Services Clause in Contracts

Resumption of Services. The Plan provides that, in the event of a Disaster, M&I will be able to resume the Services in accordance therewith within the time periods specified in the Plan. In the event M&I is unable to resume the Services to Customer within the time periods specified in the Plan, Customer shall have the right to terminate this Agreement without payment of the Termination Fee upon written notice to M&I delivered within forty-five (45) days after declaration of such Disaster.

Appears in 3 contracts

Samples: Outsourcing Agreement (First Midwest Bancorp Inc), Outsourcing Agreement (First Midwest Bancorp Inc), Outsourcing Agreement (Lehigh Acres First National Bancshares Inc)

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Resumption of Services. The Plan provides that, in the event of a Disaster, M&I will be able to resume the Services in accordance therewith within the time periods specified in the Plan. In the event M&I is unable to resume the Services to Customer within the time periods specified in the Plan, Customer shall have the right to terminate this Agreement without payment of the Termination Fee penalty upon written notice to M&I delivered within forty-five (45) days after declaration of such Disaster.

Appears in 2 contracts

Samples: Outsourcing Agreement (Florida Business Bancgroup Inc), Outsourcing Agreement (Jacksonville Bancorp Inc /Fl/)

Resumption of Services. The Plan provides that, in the event of a ---------------------- Disaster, M&I will be able to resume the Services in accordance therewith within the time periods specified in the Plan. In the event M&I is unable to resume the Services to Customer within the time periods specified in the Plan, Customer shall have the right to terminate this Agreement without payment of the Termination Fee upon written notice to M&I delivered within forty-five thirty (4530) days after declaration the occurrence of such Disaster.

Appears in 1 contract

Samples: Outsourcing Agreement (Privatebancorp Inc)

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Resumption of Services. The Plan provides that, in the event of a ---------------------- Disaster, M&I will be able to resume the Services in accordance therewith within the time periods specified in the Plan. In the event M&I is unable to resume the Services to Customer within the time periods specified in the Plan, Customer shall have the right to terminate this Agreement without payment of the Termination Fee upon written notice to M&I delivered within forty-five (45) days after declaration of such Disaster.

Appears in 1 contract

Samples: Banking Services Agreement (Metavante Corp)

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