Examples of Minimum Processing Fees in a sentence
In each Processing Year after Processing Year 1 of the Original Term and in the Renewal Term, Customer shall pay FDR for processing services sufficient to generate aggregate Processing Fees at least equal to the greater of (i) 80% of the Processing Fees paid during the immediately preceding Processing Year and (ii) $4,000,000 (the "Minimum Processing Fees").
For the avoidance of doubt and based on economic assumptions material to each party underlying this transaction, Customer and IPS expressly agree that Customer shall pay IPS Processing Fees each month in an amount at least equal to the Minimum Processing Fees until this Agreement is terminated by Customer solely pursuant to the provisions of Section 10.02 or until IPS terminates this Agreement and invokes compensatory payments pursuant to Section 10.04.
Except as otherwise set forth in this Section 3.5, (i) as Customer's successor-in-interest, the Surviving Entity shall continue to be bound by Customer's obligations hereunder and (ii) there shall be no reduction in the Minimum Processing Fees set forth in Section 4.5.
Upon the provision of a notice of termination under this paragraph, unless and until such notice is determined to be invalid pursuant to the procedures contained in the paragraphs titled Dispute Resolution and Arbitration, the provisions of the paragraphs ------------------ ----------- entitled Limited Exclusivity and Minimum Processing Fees shall terminate and be ------------------- ----------------------- of no further force or effect.
In each Processing Year after Processing Year 1, Customer will require and shall pay FDR for processing services sufficient to generate aggregate Processing Fees at least equal to [* * *] of the Processing Fees paid during the immediately preceding Processing Year, but in no event less than [* * *] (the "Minimum Processing Fees").
Upon the Bank's provision ------------------------------------- of a notice of termination for Cause, unless and until such notice is determined to be invalid pursuant to the procedures contained in the paragraphs titled Dispute Resolution and Arbitration, the provisions of the paragraphs entitled ------------------ ----------- Limited Exclusivity and Minimum Processing Fees shall be suspended and be of no ------------------- ----------------------- force or effect.
In each Processing Year after Processing Year 1, Customer will require and shall pay FDMS for processing services sufficient to generate aggregate Processing Fees at least equal to seventy percent (70%) of the Processing Fees paid during the immediately preceding Processing Year (the "Minimum Processing Fees").
In each Processing Year after Processing Year 1, Customer will require and shall pay FDR for processing services sufficient to generate aggregate Processing Fees at least equal to eighty percent (80%) of the Processing Fees paid during the immediately preceding Processing Year, but in no event less than one million dollars ($1,000,000.00) (the "Minimum Processing Fees").
Upon the sale or other disposition by Customer of all or any portion of Customer's accounts (the "Former Accounts"), FDR will cooperate in the Deconversion of the Former Accounts from the FDR System, and upon Deconversion shall no longer be obligated to provide Services for the Former Accounts for Customer pursuant to this Agreement and Customer and FDR agree that there shall be no reduction in the Year 1 Minimum Processing Fee or the Minimum Processing Fees set forth in Section 4.4.
Tenant, or Tenant's employees, shall not be permitted to smoke in the Premises or in the Building, its grounds or Common Areas, except in designated areas provided by Landlord.