Common use of Standard Conversion Services Clause in Contracts

Standard Conversion Services. (a) There shall be *** charge for Standard Conversion Services if more than *** Active Accounts are Converted and there are at *** years remaining in the Initial Term at the time of such Conversion. If at the time of Conversion of greater than *** Active Accounts there are less than *** years remaining in the Initial Term but the Term is extended such that the Term continues for more than *** years beyond the date of such Conversion, then First Data *** all amounts charged for the Standard Conversion Services for such Conversion. (b) If Standard Conversion Services are chargeable pursuant to Section 3.1(a), the charge will be *** for up to *** Active Accounts and *** for more than *** Active Accounts. (c) RCSI shall pay the incremental charge for all Development Hours required for Non-Standard Conversion Services.

Appears in 2 contracts

Sources: Technology Sourcing Agreement (Synchrony Financial), Technology Sourcing Agreement (Synchrony Financial)