Common use of Ownership of Accounts Clause in Contracts

Ownership of Accounts. In the event of termination, so long as Broker has promptly accounted for and paid all premiums or return commissions for which it may be liable, Xxxxxx’s records and use and control of expiration, shall remain the property of Broker; otherwise, use of records and control of expirations shall be vested promptly and exclusively in American Specialty.

Ownership of Accounts. In the event of termination, so long as Broker has promptly accounted for and paid all premiums or return commissions for which it may be liable, XxxxxxBroker’s records and use and control of expiration, shall remain the property of Broker; otherwise, use of records and control of expirations shall be vested promptly and exclusively in American Specialty.