Contract Buyout. a. Customer may terminate this Agreement at any time by giving M&I at least one hundred eighty (180) days' prior written notice and paying M&I *** percent (***%) of the total estimated remaining unpaid monthly processing fees. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.
Appears in 2 contracts
Samples: Data Processing Services Agreement (Merrill Merchants Bancshares Inc), Data Processing Services Agreement (Merrill Merchants Bancshares Inc)
Contract Buyout. a. Customer may terminate this Agreement at any time by giving M&I at least one hundred eighty (180) days' prior written notice of termination and paying M&I *** eighty percent (***80%) of the total estimated remaining unpaid monthly processing fees. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.
Appears in 1 contract
Samples: Processing Services Agreement (Bryn Mawr Bank Corp)
Contract Buyout. a. Customer may terminate this Agreement at any time by giving M&I at least one hundred eighty (180) days' prior written notice and paying M&I *** forty percent (***40%) of the total estimated remaining unpaid monthly processing fees. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.
Appears in 1 contract
Samples: Data Processing Services Agreement (Team Financial Inc /Ks)
Contract Buyout. a. Customer may terminate this Agreement at any time by giving M&I at least one hundred eighty (180) days' prior written notice and paying M&I *** percent (***%) a percentage of the total estimated remaining unpaid monthly processing feesfees according to the schedule which follows this Section. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.. If Termination Occurs Buyout During Months Percentage 1 - 36 60% 37 - 72 40% 73 - and thereafter 30%
Appears in 1 contract
Samples: Data Processing Services Agreement (Columbia Bancorp)
