Common use of Data Processing Conversion Clause in Contracts

Data Processing Conversion. From and after the date hereof, IBC and LFC shall meet on a regular basis to discuss and plan for the conversion of LFC’s and its Subsidiaries’ data processing and related electronic informational systems to those used by IBC and its Subsidiaries with the goal of conducting such conversion simultaneously with the consummation of the Bank Merger.

Appears in 2 contracts

Sources: Merger Agreement (International Bancshares Corp), Merger Agreement (Local Financial Corp /Nv)