Common use of Fund Accounting System Clause in Contracts

Fund Accounting System. 8.1 Investor Services Group shall retain title to and ownership of any and all data bases, computer programs, screen formats, report formats, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, patents, copyrights, trade secrets, and other related legal rights utilized by Investor Services Group in connection with the services provided by Investor Services Group to the Administrator herein (the "Investor Services Group System"). 8.2 Investor Services Group hereby grants to the Administrator a limited license to the Investor Services Group System for the sole and limited purpose of having Investor Services Group provide the services contemplated hereunder and nothing contained in this Agreement shall be construed or interpreted otherwise and such license shall immediately terminate with the termination of this Agreement. 8.3 In the event that the Administrator, including any affiliate or agent of the Administrator or any third party acting on behalf of the Administrator is provided with direct access to the Investor Services Group System, such direct access capability shall be limited to direct entry to the Investor Services Group System by means of on-line mainframe terminal entry or PC emulation of such mainframe terminal entry and any other non-conforming method of transmission of information to the Investor Services Group System is strictly prohibited without the prior written consent of Investor Services Group.

Appears in 3 contracts

Samples: Sub Administration Agreement (Undiscovered Managers Funds), Sub Administration Agreement (Third Avenue Trust), Sub Administration Agreement (Third Avenue Variable Series Trust)

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Fund Accounting System. 8.1 Investor Services Group shall retain title to and ownership of any and all data bases, computer programs, screen formats, report formats, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, patents, copyrights, trade secrets, and other related legal rights utilized developed by Investor Services Group in connection with the services provided by Investor Services Group to the Administrator Fund herein (the "Investor Services Group System"). 8.2 Investor Services Group hereby grants to the Administrator Fund a limited license to the Investor Services Group System for the sole and limited purpose of having Investor Services Group provide the services contemplated hereunder and nothing contained in this Agreement shall be construed or interpreted otherwise and such license shall immediately terminate with the termination of this Agreement. 8.3 In the event that the AdministratorFund, including any affiliate or agent of the Administrator Fund or any third party acting on behalf of the Administrator Fund is provided with direct access to the Investor Services Group System, such direct access capability shall be limited to direct entry to the Investor Services Group System by means of on-line mainframe terminal entry or PC emulation of such mainframe terminal entry and any other non-conforming method of transmission of information to the Investor Services Group System is strictly prohibited without the prior written consent of Investor Services Group.

Appears in 2 contracts

Samples: Administration Agreement (Forward Funds Inc), Administration Agreement (Forward Funds Inc)

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Fund Accounting System. 8.1 Investor Services Group shall retain title to and ownership of any and all data bases, computer programs, screen formats, report formats, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, patents, copyrights, trade secrets, and other related legal rights utilized by Investor Services Group in connection with the services provided by Investor Services Group to the Administrator Company herein (the "Investor Services Group System"). 8.2 Investor Services Group hereby grants to the Administrator Company a limited license to the Investor Services Group System for the sole and limited purpose of having Investor Services Group provide the services contemplated hereunder and nothing contained in this Agreement shall be construed or interpreted otherwise and such license shall immediately terminate with the termination of this Agreement. 8.3 In the event that the AdministratorCompany, including any affiliate or agent of the Administrator Company or any third party acting on behalf of the Administrator Company is provided with direct access to the Investor Services Group System, such direct access capability shall be limited to direct entry to the Investor Services Group System by means of on-line mainframe terminal entry or PC emulation of such mainframe terminal entry and any other non-conforming method of transmission of information to the Investor Services Group System is strictly prohibited without the prior written consent of Investor Services Group.

Appears in 1 contract

Samples: Sub Administration Agreement (Sage Life Investment Trust)

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