Minimum Processing Fees definition

Minimum Processing Fees is defined in Section 3.4 of this Agreement.
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Minimum Processing Fees means the minimum fees that may be owed by RCSI to First Data as calculated in accordance with Schedule C, Section 17.
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Minimum Processing Fees has the meaning set forth in Section 4.03. -------------------------
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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.

  • For example, if the final Contract Year is six (6) months, the Minimum Processing Fees would be *** of the Processing Fees from the prior Contract Year multiplied by the fraction of ***.

  • The payment of the Minimum Processing Fees by Customer shall be prior to Deconversion.

  • 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 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").

  • 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.

  • There shall be *** Minimum Processing Fees during any Renewal Term.

  • For calculating Minimum Processing Fees for the first Contract Year, the Parties will look to the processing fees payable to First Data under the TSA for calendar year 2014.

  • The parties further agree that an amount equal to the sum of (i) 25% of the sum of the present values of the Minimum Processing Fees in each full Processing Year which remains during the Term of this Agreement, plus (ii) the product of $8,500 multiplied by the number of months, if any, which remain in the Original Term (the "Liquidated Damages") is a reasonable estimation of the actual damages which FDR would suffer if FDR were to fail to receive the processing business for the full Term.