CIP Vendor definition
Examples of CIP Vendor in a sentence
The CIP Vendor’s sole remedy for any such claims shall be to CBKC pursuant to the agreement between CBKC and the CIP Vendor.
Marketer shall further be solely responsible to CBKC for any such Losses incurred by CBKC that were proximately and primarily caused by actions or inactions of Marketer’s Mission Critical Third Parties and Vendors (excluding, for avoidance of doubt, the actions or inactions of CBKC, CBKC’s CIP Vendor, and the Processor).
Fees and costs assessed by the CIP Vendor to perform the services described in this Section shall be considered a Program Cost.
Bank shall determine at all times, in its sole discretion, the written decisioning processes and parameters of the Bank CIP Model, including any amendments thereto, that shall be used by the CIP Vendor to provide CIF’ Verification Services.
CBKC agrees that Marketer will not under any circumstance be deemed to be in breach of this Section 3.5 due to a failure of the CIP Vendor or Processor to provide the conditioned servicing obligations.
CBKC and CIP Vendor shall hold Marketer harmless and make no claim against Marketer for liability, nonpayment, or loss suffered in connection with the Application Processing Services and caused by CBKC or the CIP Vendor.
Likewise, CBKC shall be solely responsible to Marketer for any such Losses incurred by Marketer that were proximately and primarily caused by actions or inactions of CBKC’s CIP Vendor and other third party service providers (excluding, for avoidance of doubt, the actions or inactions of the Processor, Marketer or Marketer Contractors (as defined in SECTION XIV below)).
CBKC agrees that it will use commercially reasonable efforts to enforce any service level agreements (“SLA(s)”) or other contractual performance standards contained in its agreement with CIP Vendor or its Bank Processing Agreement with the Processor, and that it will provide a copy of said SLAs to Marketer for review in relation to this Agreement.