Common use of Bank Authorization Clause in Contracts

Bank Authorization. Bank hereby grants to Customer, during the term of this Agreement, a non-exclusive, royalty-free, nonassignable license, in the United States, to use the Bank Marks (and the copyrights that exist in such marks, if any) as Bank expressly authorizes in connection with the Program, including but not limited to, on the Cards, account billing statements, Cardholder Agreements, Solicitation Materials and in other communications to Customers, prospective Customers and Cardholders, as permitted in this Agreement. The Bank Marks are: Monterey County Bank and such other Marks for which Customer is granted a license to use in connection with a Program. The Bank Marks shall be used by Customer only in the forms and formats expressly approved by the Bank. Except as provided herein, it is expressly agreed that Customer is not acquiring any right, title or interest in the Bank Marks, which shall remain the property and/or rights of the Bank. Customer agrees that it shall not attack the title or any rights of the Bank in and to the Bank Marks. Customer shall assist Bank, to the extent necessary and at Bank’s sole expense, in protecting the Bank’s rights in the Bank’s Marks.

Appears in 2 contracts

Sources: Card Sponsorship and Services Agreement (3pea International, Inc.), Card Sponsorship and Services Agreement (3pea International, Inc.)