Common use of FACFLOW Clause in Contracts

FACFLOW. 4.1 FacFlow is RBSIF’s electronic data transmission system. RBSIF grants the Client a non-transferable licence to use FacFlow. FacFlow, and all its content (including software), is the property of RBSIF and its suppliers and is protected by copyright and other intellectual property rights. 4.2 The Client will use FacFlow for the purposes of the Agreement in accordance with procedures RBSIF provides to the Client from time to time and will keep secret and confidential all user identification and passwords and prevent access to FacFlow by unauthorised persons. 4.3 The Client will ensure that each FacFlow transmission is correct and complete and sent only by persons authorised by the Client. 4.4 The Client will notify RBSIF immediately if it knows or suspects that a FacFlow transmission is defective or corrupted. 4.5 RBSIF will maintain a record of FacFlow transmissions which will, in the absence of obvious error, be conclusive evidence of the content and times of FacFlow transmissions. 4.6 RBSIF may suspend or withdraw the use of FacFlow by the Client without notice. 4.7 RBSIF does not guarantee that the information communicated by FacFlow is accurate or correct or that FacFlow transmissions will be transmitted without delays, errors or loss of information. 4.8 The Client will pay a licence fee for using FacFlow and charges for updates and training as RBSIF advises the Client from time to time.

FACFLOW. 4.1 FacFlow is RBSIF’s electronic data transmission system. RBSIF grants the Client a non-transferable licence to use FacFlow. FacFlow, and all its content (including software), is Exhibit 10.1 the property of RBSIF and its suppliers and is protected by copyright and other intellectual property rights. 4.2 The Client will use FacFlow for the purposes of the Agreement in accordance with procedures RBSIF provides to the Client from time to time and will keep secret and confidential all user identification and passwords and prevent access to FacFlow by unauthorised persons. 4.3 The Client will ensure that each FacFlow transmission is correct and complete and sent only by persons authorised by the Client. 4.4 The Client will notify RBSIF immediately if it knows or suspects that a FacFlow transmission is defective or corrupted. 4.5 RBSIF will maintain a record of FacFlow transmissions which will, in the absence of obvious error, be conclusive evidence of the content and times of FacFlow transmissions. 4.6 RBSIF may suspend or withdraw the use of FacFlow by the Client without notice. 4.7 RBSIF does not guarantee that the information communicated by FacFlow is accurate or correct or that FacFlow transmissions will be transmitted without delays, errors or loss of information. 4.8 The Client will pay a licence fee for using FacFlow and charges for updates and training as RBSIF advises the Client from time to time.