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TSYS MERCHANT SOLUTIONS, LLC DBA GLOBAL PAYMENTS (2)
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TSYS MERCHANT SOLUTIONS, LLC DBA GLOBAL PAYMENTS (2)
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Last modified
11/17/2025 4:46:09 PM
Creation date
11/17/2025 4:45:41 PM
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Contracts
Company Name
TSYS MERCHANT SOLUTIONS, LLC DBA GLOBAL PAYMENTS
Contract #
A-2022-233-01
Agency
Finance & Management Services
Council Approval Date
12/6/2022
Expiration Date
12/31/2028
Insurance Exp Date
4/1/2026
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IX. Conditions <br /> A. Change in Control <br /> If, during the policy period, the Named Insured consolidates with, merges into, or sells all or substantially all of <br /> its assets to another entity, or if any entity acquires management control of the Named Insured, then the Policy <br /> will remain in full force but only with respect to a third party wrongful act and first party incident (other than a <br /> cyber-extortion threat) involving the Named Insured that occurred prior to the date of the consolidation, <br /> merger, sale or acquisition of management control; provided, however, coverage will remain in force for a third <br /> party wrongful act and first party incident(other than a cyber-extortion threat) first discovered and for a cyber- <br /> extortion threat first occurring subsequent to the date of the consolidation, merger, sale or acquisition of <br /> management control, if within thirty (30) days of the takeover effective date (1) the Insurer receives written <br /> notice containing full details of the transaction, (2) the Named Insured accepts all Policy amendments required <br /> by the Insurer, including the addition of special terms, conditions and exclusions, and (3) the Named Insured <br /> pays any additional premium charge. <br /> The above provision may be waived in writing by the Insurer. <br /> B. Action Against the Insurer <br /> No action may be brought against the Insurer unless, as a condition precedent thereto, (1) the Insured has <br /> fully complied with all of the terms, conditions and other provisions of the Policy, and (2)the amount of the <br /> Insured's obligation to pay has been finally determined, either by judgment against the Insured after a trial and <br /> appeal or by written agreement by the claimant, Insured, and Insurer. <br /> No person or entity will have the right under the Policy to (1)join the Insurer or its agents and representatives <br /> as a defendant, co-defendant or other party in any action against the Insured to determine the Insured's <br /> liability or (2) imp€ead the Insurer or its agents and representatives in any such action. <br /> C. Bankruptcy <br /> Bankruptcy or insolvency of the Named Insured will not relieve the Insurer of any of its obligations hereunder. <br /> D. Other Insurance <br /> This Policy is excess over any other valid and collectible insurance, whether prior or contemporaneous, unless <br /> such other insurance is expressly written to be excess of this Policy. <br /> E. Subrogation <br /> In the event of payment of loss by the Insurer under the Policy, the Insurer is subrogated to all of the Insured's <br /> rights of recovery against any person or entity to the extent of such payment. The Insured warrants and agrees <br /> to execute and deliver instruments and papers and do whatever else is required by the Insurer to secure, <br /> prosecute and collect on such rights. The Insured further warrants and agrees not to prejudice such rights. <br /> If, prior to a claim being made, the Insured Company has waived its rights to recovery against a person or <br /> entity in any written contract or agreement, then the Insurer will waive its rights to subrogation against such <br /> person or entity to the same extent as the Insured Company's waiver. <br /> F. Territory <br /> The Policy applies to a third party wrongful act and first party incident occurring and claim made anywhere in <br /> the world other than any country barred by the Office of Foreign Assets Control (OFAC). <br /> GP MAN TRD 050 0619 Page 27 <br /> ©2019 X.L. America, Inc. All Rights Reserved. May not be copied without permission. <br />
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