Common use of Scores Clause in Contracts

Scores. Without limiting the foregoing, End User acknowledges that the credit scores and related score output contained in the Information (the “Scores”) are proprietary to Fair ▇▇▇▇▇ and/or Experian, and End User agrees that Technical Provider will not provide the Scores to any party other than End User without prior written consent from both Experian and Fair ▇▇▇▇▇ (with respect to Fair Isaac’s proprietary Scores) or Experian (with respect to Experian’s Scores), except as expressly instructed by End User and as permitted under the terms of the End User Agreement, or use the Scores for any purpose other than to provide the credit information processing functions required by End User. End User agrees that Technical Providers will not (i) use the Scores for model development, model Validation (as defined below), reverse engineering, or model calibration or (ii) resell the Scores or use the Scores to maintain or populate a prospect database. For purposes of the foregoing, “Validation” shall mean the process wherein Scores are calculated to demonstrate a Score's ability to rank-order the outcome (such as a payment default or bankruptcy) among a group of customers, prospects or applicants, including score distribution and account performance measures (including delinquency, charge-off, bankruptcy, and revenue). End User acknowledges and agrees that Fair ▇▇▇▇▇ and Experian are third party beneficiaries of the provisions of this Section 4, with right of enforcement.

Appears in 2 contracts

Sources: Agency Agreement, Agency Agreement