Common use of Operation of Service Clause in Contracts

Operation of Service. Licensee agrees to maintain qualified personnel and adequate hardware to operate the System. To assist Licensee, PBI will provide on-site training at the bank, hands-on software training at PBI's national training center in Brentwood, Tennessee, help Licensee solicit customers for the System, and designate a PBI Business Development Manager (BDM) to work with Licensee. A BDM is a full-time employee of PBI who is acceptable to the Licensee and will aid the Licensee in developing customers for the System. PBI will have no involvement with or responsibility for credit decisions made by Licensee in purchasing receivables under the System. If Licensee and its Customer agree, PBI may arrange alternative funding for customers of Licensee who are denied the opportunity to participate in the System. Licensee agrees to use its best efforts to actively promote the System and will initiate an employee rewards program to promote it. During the term of this Agreement, Licensee is prohibited from either offering the system of any PBI competitor or engaging a factor to purchase the accounts receivable of its customers.