Common use of Fund Accounting System Clause in Contracts

Fund Accounting System. 8.1 Each Co-Administrator 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 owned and/or developed by it in connection with the services provided by such Co-Administrator to the Fund pursuant to this Agreement (the "Co-Administrator System"). 8.2 Each Co-Administrator hereby grants to the Fund a limited license to the Co-Administrator System for the sole and limited purpose of having such Co-Administrator 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 Fund, including any affiliate or agent of the Fund or any third party acting on behalf of the Fund, is provided with direct access to the Co-Administrator System, such direct access capability shall be limited to direct entry to the Co-Administrator 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 Co-Administrator System is strictly prohibited without the prior written consent of the particular Co-Administrator.

Fund Accounting System. 8.1 Each Co-Administrator 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 owned and/or developed by it in connection with the services provided by such Co-Administrator to the Fund pursuant to this Agreement (the "Co-Administrator System"). 8.2 Each Co-Administrator hereby grants to the Fund a limited license to the Co-Administrator System for the sole and limited purpose of having such Co-Co- Administrator 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 Fund, including any affiliate or agent of the Fund or any third party acting on behalf of the Fund, is provided with direct access to the Co-Administrator System, such direct access capability shall be limited to direct entry to the Co-Administrator 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 Co-Co- Administrator System is strictly prohibited without the prior written consent of the particular Co-Administrator.