FCIB definition
Examples of FCIB in a sentence
In no event will CIBC’s employees be considered employees of FCIB.
Upon CIBC’s request and at CIBC’s own expense, FCIB Group members will deliver such copies of data, records, reports, documents and other Information relating to the Services and this Agreement as CIBC may reasonably require in connection with its performance of this Agreement in a format reasonably acceptable to CIBC.
With this amendment, a paragraph has been added to the list of the suspicious situations in Communique no.2 that financial institutions are obliged to report them to the FCIB.
In no event will CIBC be required to provide Services to FCIB where the provisions of such Services may result in violation by CIBC of the terms and conditions of the underlying Third Party Provider Agreement.
Each of CIBC and FCIB agree to each use commercially reasonable efforts to minimize the impact of the termination of any Service on the remainder of this Agreement.
CIBC shall use commercially reasonable efforts to assist FCIB in obtaining such required regulatory approvals, if any.
FCIB will not, and will ensure FCIB Group members and their employees and contractors do not, copy, modify, translate, disassemble, or create derivative works based on the Software or distribute, access, decompile, reverse engineer, decrypt, or disassemble any Software to access, view, create or derive the source code of any Software for the purpose of reselling, assigning or otherwise transferring any or all of the Software.
To the knowledge of the Company, the accountants who certified the financial statements and supporting schedules of FCIB included or incorporated by reference in the Registration Statement are independent public accountants as required by the 1933 Act and the 1933 Act Regulations.
To the extent that the Content includes any computer program or other material that was created by or for CIBC prior to the date of the ICAs (“Pre-existing Content”), then CIBC will retain ownership of the Pre-existing Content and CIBC grants to FCIB a perpetual, royalty-free, non-exclusive, non-transferable, non-assignable license to use the Pre-existing Content, solely for the purpose of receiving the Services in accordance with this Agreement.
FCIB will cooperate in good faith with CIBC for the purpose of securing and protecting the intellectual property rights in the Software as specified in this Article XVI, at CIBC’s sole cost and expense.