Common use of Use of Information Technology Systems Clause in Contracts

Use of Information Technology Systems. (a) The Administrator will use all reasonable endeavours to negotiate with the relevant parties so that any intellectual property rights not owned by it but used by it in connection with the performance of its obligations under this Agreement and in particular all software programmes used in connection with the Mortgage Loans and the Related Security therefor and their administration are licensed or sub-licensed to the Mortgages Trustee as trustee for the Beneficiaries so as to permit the Mortgages Trustee as trustee for the Beneficiaries to use such intellectual property rights only in connection with the administration of the Mortgage Loans free of charge for so long as any of the Mortgage Loans are outstanding. For the avoidance of doubt, the Administrator shall not be in breach of its obligations under this Agreement if such rights and/or software programmes are not so licensed or sub-licensed to the Mortgages Trustee as trustee for the Beneficiaries at any time after it has ceased to be the Administrator:

Use of Information Technology Systems. (a) The Administrator will use all reasonable endeavours to negotiate with the relevant parties so that any intellectual property rights not owned by it but used by it in connection with the performance of its obligations under this Agreement and in particular all software programmes used in connection with the Mortgage Loans and the Related Security therefor and their administration are licensed or sub-licensed to the Mortgages Trustee as trustee for the Beneficiaries so as to permit the Mortgages Trustee as trustee for the Beneficiaries to use such intellectual property rights only in connection with the administration of the Mortgage Loans free of charge for so long as any of the Mortgage Loans are outstanding. For the avoidance of doubt, the Administrator shall not be in breach of its obligations under this Agreement if such rights and/or software programmes are not so licensed or sub-sub- licensed to the Mortgages Trustee as trustee for the Beneficiaries at any time after it has ceased to be the Administrator:

Use of Information Technology Systems. (a) The Administrator will use all reasonable endeavours to negotiate with the relevant parties so that any intellectual property rights not owned by it but used by it in connection with the performance of its obligations under this Agreement and in particular all software programmes used in connection with the Mortgage Loans and the Related Security therefor and their administration are licensed or sub-licensed to the Mortgages Trustee as trustee for the Beneficiaries so as to permit the Mortgages Trustee as trustee for the Beneficiaries to use such intellectual property rights only in connection with the administration of the Mortgage Loans free of charge for so long as any of the Mortgage Loans are outstanding. For the avoidance of doubt, the Administrator shall not be in breach of its obligations under this Agreement if such rights and/or software programmes are not so licensed or sub-licensed to the Mortgages Trustee as trustee for the Beneficiaries at any time after it has ceased to be the Administrator:.