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 this Agreement is owned by Bank (“Bank Data”). Servicer represents, warrants and 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 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 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 xxxx 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 this Agreement is owned by Bank (“"Bank Data”"). Servicer represents, represents and warrants and 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 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 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 xxxx 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 this Agreement is owned by Bank (“Bank Data”). Servicer represents, represents and warrants and 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 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 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 xxxx 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 this the Agreement is owned by Bank (“Bank Data”). Servicer represents, represents and warrants and 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 this 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 this 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 xxxx mxxx rights which are owned or licensed by Bank or any of its non-Servicer affiliates.