Common use of Services Data Clause in Contracts

Services Data. Subject to and in addition to ▇▇▇▇▇▇’▇ duties and obligations under Section 15 below, ▇▇▇▇▇▇ shall (i) provide the Newco Entities with any and all data, data feeds, connectivity, content or other information relating to the Transition Services (collectively, “Services Data” which hereinafter shall be deemed to be a part of and included under the definition of Transition Services under this Agreement) stored, maintained, generated, processed or produced by or on behalf of ▇▇▇▇▇▇ in connection with the Transition Services, where applicable, in compliance with Applicable Law, both during the Term and upon the expiration or termination thereof, in industry standard formats and files and on storage mediums or using telecommunications means reasonably acceptable to the Newco Entities, and (ii) to the extent reasonably possible, segregate any Services Data from other data, content or information generated or maintained by or on behalf of ▇▇▇▇▇▇. For the avoidance of doubt, ▇▇▇▇▇▇ acknowledges and agrees that all Services Data stored, maintained, generated, processed or produced by ▇▇▇▇▇▇ is and shall be owned exclusively by the Newco Entities, and if and to the extent ▇▇▇▇▇▇ acquires any interest therein, ▇▇▇▇▇▇ hereby irrevocably agrees to assign and hereby assigns to the Newco Entities all of its rights, title and interests therein. To the extent that the Newco Entities request any data, content or information other than the Services Data, such request shall be made in writing to ▇▇▇▇▇▇. ▇▇▇▇▇▇ shall provide such other data, content or information and ▇▇▇▇▇▇ and the Newco Entities shall negotiate in good faith the terms of providing the same and any reasonable payment (if any) therefor.

Appears in 2 contracts

Sources: Transition Services Agreement, Transition Services Agreement (Penson Worldwide Inc)