Common use of Condition of Materials Clause in Contracts

Condition of Materials. All source material, data and equipment furnished by PMI in order that CSC Logic may perform hereunder must be compatible with CSC Logic's equipment and such material and data must be in good condition for machine processing. If PMI fails to furnish its Data to CSC Logic in the form and as timely as needed by CSC Logic, CSC Logic will undertake to process such Data within a reasonable time after it is furnished in proper form. Data submitted by PMI to CSC Logic for processing, and all other data, material and property, shall be transmitted or transported to and from CSC Logic at PMI's expense. CSC Logic shall not be liable to PMI under any circumstances for the loss or destruction of or damage to any of PMI's Data, material or property in the custody, control or possession of CSC Logic except for the reasonable cost of replacement or restoration.

Appears in 2 contracts

Sources: Processing Agreement (Prosper Funding LLC), Processing Agreement (Prosper Funding LLC)

Condition of Materials. All source material, data and equipment furnished by PMI PFL in order that CSC Logic may perform hereunder must be compatible with CSC Logic's equipment and such material and data must be in good condition for machine processing. If PMI PFL fails to furnish its Data to CSC Logic in the form and as timely as needed by CSC Logic, CSC Logic will undertake to process such Data within a reasonable time after it is furnished in proper form. Data submitted by PMI PFL to CSC Logic for processing, and all other data, material and property, shall be transmitted or transported to and from CSC Logic at PMIPFL's expense. CSC Logic shall not be liable to PMI PFL under any circumstances for the loss or destruction of or damage to any of PMIPFL's Data, material or property in the custody, control or possession of CSC Logic except for the reasonable cost of replacement or restoration.

Appears in 1 contract

Sources: Back Up Processing Agreement (Prosper Funding LLC)