Common use of Technology Exchange Clause in Contracts

Technology Exchange. Upon the Eligible User‘s request, Service Provider will provide a list of computer and communications equipment that is then currently available to enhance the Hot-site Configuration or Mobile Configuration. The Eligible User may exchange certain components of its configuration for hardware representing newer technology, by giving written notice to Service Provider and signing an appropriate Addendum to the applicable agreement. Upon the effective date of this exchange, the Monthly or Annual Fees due under that agreement may increase in accordance with state contract discount rates and based upon the difference between (a) Service Provider‘s then prevailing Monthly or Annual Fees for the new hardware selected, and (b) an allocated portion of the prior Monthly or Annual Fees covering the components that were replaced.