Common use of MEDIA AND RECORDS Clause in Contracts

MEDIA AND RECORDS. All media, Entries, security procedures and related records used by Bank for transactions contemplated by these Terms shall be and remain Bank's property. Bank may, at its sole and absolute discretion, make available such information upon Customer's request. Any expenses incurred by Bank in making such information available to Customer shall be paid by Customer. Bank retains ownership of all its intellectual property, and these Terms create no interest in such property on the part of Customer or any person claiming by or through it. Customer hereby grants Bank an irrevocable license, for the purposes of being used consistent with these Terms (it being understood that such license is coupled with an interest), in any information or other intellectual property owned by Customer that is transmitted to Bank pursuant to or in relation to these Terms.