Rights and Obligations of TGCC Clause Samples

Rights and Obligations of TGCC. 2.1 The System. TGCC shall install the System at the Property to operate and process gift cards, (collectively "Mall Gift Cards"). TGCC shall cause the Components to be fully activated and operational by November 1, 2001 and no later than November 15, 2001. Operator agrees to have utility and services on site prior to installation and complete the required data collection procedures within five (5) business days of executed agreement. The current System hardware shall become the exclusive property of the Operator upon TGCC receiving the full amount specified in ADDENDUM A of this agreement which shall also include shipping and installation costs of any or all associated components of the System. Operator shall have the right to request the installation of additional Components as part of the System, and TGCC shall provide such additional Components to Operator for such periods of time as are requested by Operator, from time to time, at a cost to Operator, as specified in ADDENDUM A, per month for each additional unit rented, plus all shipping, installation, un-install and connection costs, within forty-five (45) days following Operators written request. TGCC is and shall be the sole owner of the trade name "The Gift Certificate Company", "The Gift Card Company", and all other trade names, trademarks and copyrights used now or in the future in connection with the System. TGCC retains all rights to the System software it has developed. Software supplied with the System may not be copied, sold or used except as authorized by TGCC. Operator acknowledges that TGCC's hardware is designed exclusively for the Mall Gift Card software only. Operator agrees not to install additional software. TGCC hereby grants Operator a license to use the system software for the Term hereof and in the event of a default by TGCC, for a period not to exceed an additional ninety (90) days.