Continued Support of Sponsored Party Products. If the Sponsored Party or a Permitted Party determines that, notwithstanding its obligation to return or destroy Confidential Information under section 10, it needs to retain part or all of the Wholesale Technical Documentation licensed to the Sponsored Party pursuant to this Sponsorship Agreement in order to facilitate continued support of Sponsored Party Products in use by Wholesale Customers and their affiliates, the Sponsored Party shall notify the Bank in writing of the conditions that require the Sponsored Party or a Permitted Party to retain such information. If the Bank consents to the Sponsored Party’s or Permitted Party’s retention of any Wholesale Technical Documentation for the reasons described in the notice, the Sponsored Party or Permitted Party may retain a copy of the Wholesale Technical Documentation, which is to be maintained subject to the protections of this Sponsorship Agreement until the Wholesale Technical Documentation becomes public or otherwise ceases to be “Confidential Information” as defined in section 1 or is returned to the Bank or destroyed as provided in section 10. The Bank shall not withhold unreasonably its consent to the Sponsored Party’s request that it or a Permitted Party be permitted to retain certain Wholesale Technical Documentation under this section. The Bank may revoke its consent to retain Wholesale Technical Documentation granted under this section upon 30 days’ notice to the Sponsored Party, with such consent not to be revoked unreasonably.
Continued Support of Sponsored Party Products. If the Sponsored Party or a Permitted Party determines that, notwithstanding its obligation to return or destroy Confidential Information under section 10, it needs to retain part or all of the Technical Documentation licensed to the Sponsored Party pursuant to this Sponsorship Agreement in order to facilitate continued support of Sponsored Party Products in use by FRFS Participants and their affiliates, the Sponsored Party shall notify the Federal Reserve Banks in writing of the conditions that require the Sponsored Party or a Permitted Party to retain such information. If the Federal Reserve Banks consent to the Sponsored Party’s or Permitted Party’s retention of any Technical Documentation for the reasons described in the notice, the Sponsored Party or Permitted Party may retain a copy of the Technical Documentation, which is to be maintained subject to the protections of this Sponsorship Agreement until the Technical Documentation becomes public or otherwise ceases to be “Confidential Information” as defined in section 1 or is returned to the Federal Reserve Banks or destroyed as provided in section 10. The Federal Reserve Banks shall not withhold unreasonably consent to the Sponsored Party’s request that it or a Permitted Party be permitted to retain certain Technical Documentation under this section. The Federal Reserve Banks may revoke their consent to retain Technical Documentation granted under this section upon 30 days’ notice to the Sponsored Party, with such consent not to be revoked unreasonably.
