RIGHTS AND OBLIGATIONS OF NBO Sample Clauses
The 'Rights and Obligations of NBO' clause defines the specific entitlements and responsibilities assigned to the NBO (which may refer to a party such as a National Bank or Organization) under the agreement. This clause typically outlines what actions the NBO is permitted to take, such as accessing certain information, making decisions, or enforcing terms, as well as what duties it must fulfill, like maintaining confidentiality, providing reports, or adhering to regulatory requirements. By clearly delineating these rights and obligations, the clause ensures both parties understand the scope of the NBO's authority and accountability, thereby reducing the risk of disputes and promoting smooth contract execution.
RIGHTS AND OBLIGATIONS OF NBO a. The System. NBO will install the System at designated Customer Properties at no cost to the Customer and will cause the System to be operated only for the issuance of Gift Certificates and for no other purpose. All Gift Certificates will be issued through the Kiosks using cash or debit card. NBO will cause the Kiosk to be fully operational and activated on a date mutually agreed upon by both parties. The Kiosk is the exclusive property of NBO and will remain NBO's property throughout the Term and thereafter. NBO is and shall be the sole owner of the trade name "Neighborhood Box Office" and all gift certificate software, trade names, trademarks and copyrights now used in or in the future used by NBO in connection with the System. This does not include the names of participating retailers on the NBO System.
RIGHTS AND OBLIGATIONS OF NBO a. The System. NBO will install the System at the Property at no cost to Customer and will cause the System to be operated only for the issuance of Mall Gift Certificates and for no other purpose. All Mall Gift Certificates will be issued through the Kiosks using cash or a debit card and through the Counter Unit using credit/debit card. [FASHION SHOW: 2 UNITS.] NBO will cause the Counter Unit to be fully operational and activated on _______________, 2000. NBO will cause the Kiosk to be fully operational and activated on ______________, 2000. Customer shall have the right to request the installation of an additional Counter Unit as part of the System, and NBO shall provide such additional Counter Unit to Customer for such periods of time as are requested by Customer, from time to time, at a cost to Customer of Two Hundred Fifty Dollars ($250.00) per month, plus all shipping costs, within 45 days following Customer's request therefor. The System, including the Kiosk and Counter Unit, is the exclusive property of NBO and will remain NBO's property throughout the Term and thereafter. NBO is and shall be the sole owner of the tradename "Neighborhood Box Office" and all other tradenames, trademarks and copyrights now used in or in the future used by NBO in connection with the System.
RIGHTS AND OBLIGATIONS OF NBO