Common use of Ownership of Files Clause in Contracts

Ownership of Files. (i) Subject to sub-paragraph (ii) below each Member's File shall at all times remain the property of that Member and upon it ceasing to be a Member of CAIS, the File shall be removed from the CAIS Database as soon as is reasonably practicable and in any event within 30 days from the date of termination of this Agreement. Any magnetic tape or other media belonging to the Member and in the possession of Experian at the date of termination shall be returned to the Member within 30 days from the date of termination of this Agreement. (ii) Any File or part thereof which has been archived and is not available for the use of other Members shall be retained at Experian's discretion to enable Experian to comply with any relevant statutory obligations.

Appears in 2 contracts

Sources: Credit Information Services Agreement, Credit Information Services Agreement

Ownership of Files. (i) i. Subject to sub-paragraph (ii) below each Member's ’s File shall at all times remain the property of that Member and upon it ceasing to be a Member of CAIS, the File shall be removed from the CAIS Database as soon as is reasonably practicable and in any event within 30 days from the date of termination of this Agreement. Any magnetic tape or other media belonging to the Member and in the possession of Experian at the date of termination shall be returned to the Member within 30 days from the date of termination of this Agreement. (ii) . Any File or part thereof which has been archived and is not available for the use of other Members shall be retained at Experian's ’s discretion to enable Experian to comply with any relevant statutory obligations.

Appears in 1 contract

Sources: Credit Information Services Agreement