Common use of PFPC System Clause in Contracts

PFPC System. PFPC 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, patents, copyrights, trade secrets, and other related legal rights utilized by PFPC in connection with the services provided by PFPC to the Fund; provided that the foregoing language shall not grant PFPC any right, title or interest to the foregoing items to the extent the foregoing items have been given to PFPC by the Fund or as otherwise agreed to between the parties.

Appears in 3 contracts

Samples: And Investor Services Agreement (Legg Mason Permal Global Active Strategies TEI Fund), And Investor Services Agreement (Legg Mason Permal Global Active Strategies Fund), Administration and Accounting Services Agreement (Legg Mason Permal Global Active Strategies Master Fund)

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PFPC System. PFPC 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, patents, copyrights, trade secrets, and other related legal rights utilized by PFPC in connection with the services provided by PFPC to the Fund; provided provided, however, that the foregoing language PFPC shall not grant PFPC have no right to retain title to or ownership of any right, title or interest database which consists solely of information pertaining to the foregoing items to the extent the foregoing items have been given to PFPC by transactions of the Fund or as otherwise agreed to between the partiesits shareholders.

Appears in 2 contracts

Samples: Transfer Agency Services Agreement (MCM Funds), Administration and Accounting Services Agreement (MCM Funds)

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