Common use of EDS Clause in Contracts

EDS. Purchaser shall pay all processing fees, excluding minimum processing penalties and termination penalties, charged by EDS directly related to the processing of the MMG Portfolio. Seller shall maintain the existing agreement with EDS in full force and effect, and, prior to the Closing Date shall obtain from EDS its written consent to Purchaser's full participation, rights and access to the EDS processing system for the MMG Portfolio, including but not limited to the right to convert the payment processing to Purchaser at any time without the imposition of a penalty on Purchaser, assistance from EDS for such conversion, and the right to audit EDS.

Appears in 1 contract

Sources: Purchase and Assumption Agreement (Bank Plus Corp)

EDS. Purchaser shall pay all processing fees, excluding minimum processing penalties and termination penalties, charged by EDS directly related to the processing of the MMG ADC Portfolio. Seller shall maintain the existing agreement with EDS in full force and effecteffect up to and including April 30, and, prior to the Closing Date 2001. Seller shall obtain from EDS its written any required consent or nonobjection of EDS to Purchaser's full participation, participation rights and access to the EDS processing system for the MMG Portfolioaccess, including but not limited without limitation any consent or nonobjection required to the right permit Purchaser to convert the payment processing to Purchaser at any time without the imposition of a penalty on Purchaser, and assistance from EDS for such conversion, and the right to audit EDS.

Appears in 1 contract

Sources: Purchase and Assumption Agreement (Bank Plus Corp)