Common use of Regulatory Assurances Clause in Contracts

Regulatory Assurances. Metavante and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer’s regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, Metavante agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse Metavante for reasonable costs actually incurred due to any such examination or regulation that is performed primarily for the purpose of examining Services used by Customer.

Appears in 2 contracts

Samples: Technology Outsourcing Renewal Agreement (Team Financial Inc /Ks), Technology Outsourcing Agreement (Juniata Valley Financial Corp)

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Regulatory Assurances. Metavante and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer’s 's regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, Metavante agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse Metavante for reasonable costs actually incurred due to any such examination or regulation that is performed primarily for the purpose of examining Services used by Customer.

Appears in 2 contracts

Samples: Outsourcing Agreement (Columbia Banking System Inc), Master Agreement (Team Financial Capital Trust I)

Regulatory Assurances. Metavante and Customer acknowledge and agree --------------------- that the performance of these Services will be subject to regulation and examination by Customer’s 's regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, Metavante agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse Metavante for reasonable costs actually incurred due to any such examination or regulation that is performed primarily for the purpose of examining Services used by Customer.

Appears in 1 contract

Samples: Outsourcing Agreement (Metavante Corp)

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Regulatory Assurances. Metavante and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer’s regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, Metavante agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse Metavante for reasonable costs actually incurred due to any such examination or regulation that is performed primarily for the purpose of examining Services used by CustomerCustomer if examination is directed primarily at Customer an not at similarly situated customers.

Appears in 1 contract

Samples: Technology Outsourcing Renewal Agreement (Independent Bank Corp /Mi/)

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