Union Bank. and UFS-1 agree, however, that all aspects of the underlying computer program, algorithms, methods of processing, specific design and layout, report format, and the unique processing techniques and interactions of the various aspects of Union Bank's and/or Servicer's computer program are trade secrets of, proprietary to, and owned exclusively by Union Bank and/or Servicer. At such deconversion, a minimum fee of $12.00 per account plus any other reasonable expenses incurred in connection with the transfer of such files and other information shall be paid by UFS-1; provided however, that in the event deconversion results from early termination of this Agreement under Section 16 hereof due to the breach by Union Bank, UFS-1 shall pay only the actual expenses incurred in connection with the transfer of such files and other information. The confidentiality provisions of this paragraph shall survive any termination or expiration of this Agreement.
Appears in 1 contract
Sources: Servicing Agreement (Union Financial Services I Inc)
Union Bank. and UFS-1 agree, however, that all aspects of the underlying computer program, algorithms, methods of processing, specific design and layout, report format, and the unique processing techniques and interactions of the various aspects of Union Bank's and/or Servicer's computer program are trade secrets of, proprietary to, and owned exclusively by Union Bank and/or Servicer. At such deconversion, a minimum fee of $12.00 per account plus any other reasonable expenses incurred in connection with the transfer of such files and other information shall be paid by UFS-1; provided however, that in the event deconversion results from early termination of this Agreement under Section 16 hereof due to the breach by Union Bank, UFS-1 shall pay only the actual expenses incurred in connection with the transfer of such files and other information. The confidentiality provisions of this paragraph shall survive any termination or expiration of this Agreement. 3.
Appears in 1 contract
Sources: Servicing Agreement (Union Financial Services I Inc)