Conversion Costs. Company is responsible for any out-of-pocket conversion costs incurred by Bank related to the termination of this Agreement. Notwithstanding the foregoing, Bank shall be responsible for such conversion costs in the event (1) Bank’s membership in either Card Association is terminated, or (2) this Agreement is terminated by Company by virtue of an uncured Event of Default by Bank.
Appears in 2 contracts
Sources: Clearing and Settlement Services Agreement (Transfirst Holdings Corp.), Clearing and Settlement Services Agreement (Transfirst Holdings Corp.)