Common use of BancTec Software Clause in Contracts

BancTec Software. The following Third Party Software is licensed directly to the GE Fund Products by PFPC subject to the terms of this Agreement and the mandatory BancTec (“BancTec”) terms and conditions set forth in Attachment 1 to Schedule 1, attached and incorporated by reference. To the extent the terms of Attachment 1 to Schedule 1, conflict with or differ from the terms and conditions in the Agreement, Attachment 1 to Schedule 1 shall prevail with respect to the following BancTec Software (“BancTec Software”): Informix Multi-User with 20 maximum user seats (subject to Paragraph 1.6 of Exhibit C) XDP Storage Manager Multi-User with 20 maximum user seats (subject to Paragraph 1.6 of Exhibit C) FloWare Multi-User with 20 maximum user seats (subject to Paragraph 1.6 of Exhibit C) Each Banctec Software program listed above and identified as “Multi-User” (“Multi-User Program”) is licensed for installation on a single network server computer which is supplied by a third party, and which is electronically linked with one or more workstations having access to the Banctec Software program. If the above designates a maximum number of users authorized to simultaneously access the Multi-User Program, no access will be permitted in excess of such maximum number. In all other cases, Multi-User Program is authorized to be accessed by all workstations which are configured to communication with that network server computer.

Appears in 6 contracts

Samples: Agency Service Agreement, Transfer Agency Services Agreement (Ge Lifestyle Funds), Transfer Agency Services Agreement (Ge Institutional Funds)

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