Common use of RIGHT OF OWNERSHIP Clause in Contracts

RIGHT OF OWNERSHIP. Provident agrees that all records and other data received, computed, developed, used and/or stored pursuant to this Agreement are the exclusive property of the Fund and that all such records and other data will be furnished without additional charge to the Fund in available machine readable data form immediately upon termination of this Agreement with respect to the Fund for any reason whatsoever. Furthermore, upon the Fund's request at any time or times while this Agreement is in effect, Provident shall deliver to the Fund at the Fund's expense any or all of the data and records held by Provident pursuant to this Agreement in the form as requested by the Fund. On the effective date of termination of this Agreement or, if later, on the date the Fund ceases to use Provident's services, Provident will promptly return to the Fund any and all records and other data belong to the Fund free of any claim or retention of rights by Provident.