Common use of Mainframe Clause in Contracts

Mainframe. Daily backups are retained for *****with the exception of Input files which will be retained for *****. Monthly backups are retained for *****. Annual backups will be retained. In the event processing services relating to the Services are terminated on or after the annual data retention boundary mutually agreed, Client may elect to either (i) take possession of the backups or (ii) pay FIS at FIS’s then current rates to continue retention of the backups.

Appears in 1 contract

Sources: Master Services Agreement (Pioneer Financial Services Inc)

Mainframe. Daily backups are retained for *****with the exception of Input files which will be retained for *****. Monthly backups are retained for *****. Annual backups will be retained. In the event processing services relating to the Services are terminated on or after the annual data retention boundary mutually agreed, Client may elect to either (i) take possession of (PID # 224877) ) Page 8 of 26 the backups or (ii) pay FIS at FIS’s then current rates to continue retention of the backups.

Appears in 1 contract

Sources: Master Services Agreement (Pioneer Financial Services Inc)