FDMS System definition
Examples of FDMS System in a sentence
In addition, Customer is solely responsible for reviewing and selecting the parameter settings and programming features and options within the FDMS System that will apply to Customer's Transaction Card programs, and for determining that its selection of such settings, features and options is consistent with the Legal Requirements and with the terms and conditions of Customer's Accounts.
In addition, Customer is solely responsible for reviewing and selecting the parameter settings and programming features and options within the FDMS System that will apply to Customer’s Transaction Card programs, and for determining that its selection of such settings, features and options is consistent with the Legal Requirements and with the terms and conditions of Customer’s Accounts.
Any interface between any such third party and the FDMS System will be developed and established at its or Customer’s sole cost and expense.
Unless the parties mutually agree otherwise, Customer shall pay all charges for conversion of each Non-FDMS Portfolio including (i) FDMS's standard conversion charges (at FDMS cost plus related material charges), and (ii) any charges (at then-current hourly rates plus related materials charges) associated with any customization of the FDMS System specified in the conversion plan applicable to each such Non-FDMS Portfolio.
If Customer elects to convert such Non-FDMS Portfolio to the FDMS System, FDMS shall perform Services pursuant to the terms of and under this Agreement for such Non-FDMS Portfolio and FDMS shall pay or credit to Customer a rebate as described in the following sentence.
Upon the transfer of the FDMS Portfolio to Customer on the FDMS System, the FDMS Portfolio shall be processed in accordance with the terms of this Agreement.
In connection with any conversion of a Non-FDMS Portfolio to the FDMS System, FDMS shall have a reasonable period of time to perform due diligence and propose a conversion plan.
For purposes of this Section 3.2, Customer must convert at least [****] of the front-end and [****] of the back end and other processing for the Non-FDMS Portfolio to the FDMS System in order to receive the rebates contemplated herein.
Any such customization shall remain solely the property of FDMS, and Customer shall acquire no right, claim, or interest in the FDMS System or any customization thereof during or after the Term.
FDMS shall rebate to Customer an amount equal to the product of [****] multiplied by the lesser of: (i) the number of ETC Tickets (which are identified in Exhibit "B" and currently billed as item numbers 63 and 270) processed by FDMS for the Non-FDMS Portfolio after conversion to the FDMS System, or (ii) the number of Authorizations (as defined in Section 4.4) processed by FDMS for the Non-FDMS Portfolio after conversion to the FDMS System.