Common use of Technology-Related Contracts Clause in Contracts

Technology-Related Contracts. Grand Premier shall advise Old Kent of all anticipated renewals or extensions of existing data processing service agreements, data processing software license agreements, data processing hardware lease agreements, and other material technology-related licensing or servicing agreements with independent vendors ("Technology-Related Contracts") which will occur between the date of this Plan of Merger and the date of the Effective Time. Grand Premier's material Technology-Related Contracts are contained in the Grand Premier Disclosure Statement. Notwithstanding any other provision of this Section, Grand Premier shall not be obligated to take any irrevocable action, or irrevocably forego taking any action, with respect to these Technology-Related Contracts which would cause any such agreement to terminate, expire, or be materially modified prior to the Effective Time.