FTI Property definition
FTI Property means the methodology, layout, structure, sequence, organization, summary, calculation, or other tools used by the Asset Representations Reviewer to produce the Work Product, and any pre-existing or newly created materials which the Asset Representations Reviewer has used or intends to use in delivering services as an asset representations reviewer to multiple customers.
Examples of FTI Property in a sentence
The Seller will receive title to all Work Product free and clear of all mortgages, liens, pledges, custodianships, security interest or other encumbrances, restrictions, claims or charges of any kind, except to the extent that it constitutes FTI Property.
The Asset Representations Reviewer hereby grants to the Seller, the Servicer and the Issuer a royalty-free, paid-up, non-exclusive, worldwide, irrevocable, perpetual license to use and reproduce the FTI Property in connection with such Person's use of the Work Product.