Program Terms; Ownership Clause Samples

Program Terms; Ownership. Program Administrator has the sole discretion to (a) determine the terms and conditions of any Credit Application, Loan Agreement and Loan and (b) establish policies and procedures related to the promotion, application or funding of Loans. This Agreement gives neither Participant nor its Affiliates any ownership rights in any aspect of the Program. Participant acknowledges and agrees that each Funding Provider shall own (i) its respective Loans, (ii) the corresponding Credit Application and (iii) all Customer Information that such Funding Provider receives in connection with the Credit Application and/or Loan.