Common use of Processor Agreements Clause in Contracts

Processor Agreements. To the extent that all Approved Processor Agreements generate less than ninety-five percent (95%) of the aggregate Eligible Recurring Net Revenue of the Payment Subsidiaries for any trailing twelve (12) month period, the Borrowers shall cause the Intermediate Holding Company, not later than thirty (30) days following the date such ninety-five percent (95%) threshold is no longer satisfied, to deliver, or cause to be delivered, to the Administrative Agent one or more Processor Consent Agreements with respect to Processor Agreements which are not subject to a Processor Consent Agreement to the extent necessary to cause at least ninety-five percent (95%) of the aggregate Eligible Recurring Net Revenue of the Payment Subsidiaries for the trailing twelve (12) month period to be generated by Approved Processor Agreements.

Processor Agreements. To the extent that all Approved Processor Agreements generate less than ninety-five percent (95%) of the aggregate Eligible Recurring Net Revenue of the Payment Subsidiaries for any trailing twelve (12) month period, the Borrowers shall cause the Intermediate Holding CompanyHoldings shall, not later than thirty (30) days following the date such ninety-five percent (95%) threshold is no longer satisfied, to deliver, or cause to be delivered, to the Administrative Agent one or more Processor Consent Agreements with respect to Processor Agreements which are not subject to a Processor Consent Agreement to the extent necessary to cause at least ninety-five percent (95%) of the aggregate Eligible Recurring Net Revenue of the Payment Subsidiaries for the trailing twelve (12) month period to be generated by Approved Processor Agreements.

Processor Agreements. To the extent that all Approved Processor Agreements generate less than ninety-five percent (95%) of the aggregate Eligible Recurring Net Revenue of the Payment Subsidiaries for any trailing twelve (12) month period, the Borrowers shall cause the Intermediate applicable Holding CompanyCompany shall, not later than thirty (30) days following the date such ninety-five percent (95%) threshold is no longer satisfied, to deliver, or cause to be delivered, to the Administrative Agent one or more Processor Consent Agreements with respect to Processor Agreements which are not subject to a Processor Consent Agreement to the extent necessary to cause at least ninety-five percent (95%) of the aggregate Eligible Recurring Net Revenue of the Payment Subsidiaries for the trailing twelve (12) month period to be generated by Approved Processor Agreements.