Common use of Transfer Agent System Clause in Contracts

Transfer Agent System. A. UMBFS shall retain title to and ownership of any and all data bases, computer programs, screen formats, report formats, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, trade secrets, trademarks and other related legal rights utilized by UMBFS in connection with the Services provided by UMBFS to the Trust herein (the “UMBFS System”). B. UMBFS hereby grants the Trust a limited license to use the UMBFS System for the sole and limited purpose of having UMBFS provide the Services contemplated hereunder. Nothing contained in this Agreement should be construed or interpreted otherwise, and such license shall immediately terminate upon the termination of this Agreement.

Transfer Agent System. A. UMBFS shall retain title to and ownership of any and all data bases, computer programs, screen formats, report formats, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, trade secrets, trademarks and other related legal rights utilized by UMBFS in connection with the Services provided by UMBFS to the Trust Company herein (the “"UMBFS System”"). B. UMBFS hereby grants the Trust Company a limited license to use the UMBFS System for the sole and limited purpose of having UMBFS provide the Services contemplated hereunder. Nothing contained in this Agreement should be construed or interpreted otherwise, and such license shall immediately terminate upon the termination of this Agreement.