Data Processing System, Program and Information. (a) The Investment Company shall not, solely by virtue of this Agreement, obtain any rights, title and interest in and to the computer systems and programs, including all related documentation, employed by FTIS in connection with rendering services hereunder; provided however, that the records prepared, maintained and preserved by FTIS pursuant to this Agreement shall be the property of the Investment Company. (b) Any modifications, changes and improvements in the automatic data processing system (the "System") or in the manner in which the services are rendered shall be made or provided as follows, and provided further that modifications for which the Investment Company will be required to bear any expenses shall be made only as set forth herein. (i) FTIS shall, at no expense to the Investment Company, make any revisions in the System necessary to (1) perform the services which it has contracted to perform,
Appears in 4 contracts
Sources: Transfer Agent and Shareholder Services Agreement (Franklin Strategic Mortgage Portfolio), Transfer Agent and Shareholder Services Agreement (Franklin Custodian Funds), Transfer Agent and Shareholder Services Agreement (Franklin Federal Tax Free Income Fund)