Common use of Data and Intellectual Property Ownership Clause in Contracts

Data and Intellectual Property Ownership. The parties acknowledge and agree that any and all data or information provided to Servicer in order for Servicer to provide the Services under the terms of the Agreement is owned by Bank (“Bank Data”). Servicer represents and warrants that, unless otherwise agreed upon in writing, Servicer shall use Bank Data solely for the purposes of fulfilling its obligations under the terms of the Agreement and no other purpose. Furthermore, in the event Bank provides any software, hardware or processes to Servicer, such software, hardware or processes will remain the exclusive property of Bank. Nothing in the Agreement shall be deemed to convey a proprietary interest to Servicer or any third party in any of the software, hardware, processes, technology, or any of the derivative works thereof , or trade name or trade mxxx rights which are owned or licensed by Bank or any of its non-Servicer affiliates.

Data and Intellectual Property Ownership. The parties Parties acknowledge and agree that any and all data or information provided to Servicer in order for Servicer to provide the Services under the terms of the this Agreement is owned by Bank (“Bank Data”). Servicer represents represents, warrants and warrants agrees that, unless otherwise agreed upon in writing, Servicer shall use Bank Data solely for the purposes of fulfilling its obligations under the terms of the this Agreement and no other purpose. Furthermore, in the event Bank provides any software, hardware or processes to Servicer, such software, hardware or processes will remain the exclusive property of Bank. Nothing in the this Agreement shall be deemed to convey a proprietary interest to Servicer or any third party in any of the software, hardware, processes, technology, or any of the derivative works thereof , or trade name or trade mxxx xxxx rights which are owned or licensed by Bank or any of its non-Servicer affiliates.

Data and Intellectual Property Ownership. The parties acknowledge and agree that any and all data or information provided to Servicer in order for Servicer to provide the Services under the terms of the this Agreement is owned by Bank (“Bank Data”). Servicer represents and warrants that, unless otherwise agreed upon in writing, Servicer shall use Bank Data solely for the purposes of fulfilling its obligations under the terms of the this Agreement and no other purpose. Furthermore, in the event Bank provides any software, hardware or processes to Servicer, such software, hardware or processes will remain the exclusive property of Bank. Nothing in the this Agreement shall be deemed to convey a proprietary interest to Servicer or any third party in any of the software, hardware, processes, technology, or any of the derivative works thereof , or trade name or trade mxxx xxxx rights which are owned or licensed by Bank or any of its non-Servicer affiliates.. Third Amended and Restated Service Agreement Comenity Bank/Comenity Servicing LLC

Data and Intellectual Property Ownership. The parties acknowledge and agree that any and all data or information provided to Servicer in order for Servicer to provide the Services under the terms of the this Agreement is owned by Bank (“"Bank Data”"). Servicer represents and warrants that, unless otherwise agreed upon in writing, Servicer shall use Bank Data solely for the purposes of fulfilling its obligations under the terms of the this Agreement and no other purpose. Furthermore, in the event Bank provides any software, hardware or processes to Servicer, such software, hardware or processes will remain the exclusive property of Bank. Nothing in the this Agreement shall be deemed to convey a proprietary interest to Servicer or any third party in any of the software, hardware, processes, technology, or any of the derivative works thereof , or trade name or trade mxxx xxxx rights which are owned or licensed by Bank or any of its non-Servicer affiliates.