Acquired Services definition
Examples of Acquired Services in a sentence
Fiserv shall acquire the services and at the cost listed on Exhibit 14B from Northern Trust ("Fiserv Acquired Services").
Northern Trust shall have responsibility for (1) services described in Article 14 and such ancillary services in support of Designated Services as were performed by Northern Trust as of the Effective Date (respectively, "Northern Trust Retained Responsibilities" and "Fiserv Acquired Services"); and (2) pursuant to Article 15, agreements identified in Exhibit 15.2 ("Northern Trust Retained Agreements").
Failure to meet those service levels will result in Fiserv paying Northern Trust in the form of Fiserv Credits, in the case of Designated Services performed by Fiserv hereunder, or Northern Trust will pay Fiserv in the form of Northern Trust Credits, in the case of Fiserv Acquired Services, all as described in Sections 31.3 and 31.4 hereof.
The Parties by mutual agreement may also add to the list of Fiserv Acquired Services, and designate associated costs of such services, on Exhibit 14B hereafter.