Open Participation Sample Clauses
Open Participation. CTIA represents and warrants to Registry that all telecommunications service providers, that are otherwise qualified to provide CSCs, will be eligible to participate in the CSC program.
Open Participation.
(a) The intention of the Parties is that the opportunity to join the Project and procure Reviews under the AAP will be open to any mortgage lender in Australia which:
(i) deals with one or more Aggregators and wishes to obtain access to Reviews on the terms of an AAP Lender Deed; and
(ii) executes and complies with the terms of its AAP Lender Deed including obligations regarding the use of the Reviews and Reports.
(b) The intention of the Parties is that AAP Lenders cannot participate in engaging the ASP to provide Reviews under the AAP unless and until:
(i) they execute and deliver to the ASP an AAP Lender Deed in a form satisfactory to the ASP and the Operating Committee; and
(ii) their participation is approved by the Operating Committee pursuant to clause 10.3(d).
(c) For the avoidance of doubt:
(i) the Parties intend for the ASP to only provide Reports under the AAP to AAP Lenders who have adhered to the obligations in clause 4.1(b) and the Operating Committee will procure the ASP’s agreement to only provide Reports to AAP Lenders who have adhered to the obligations in clause 4.1(b)); and
(ii) each AAP Lender will not be entitled to, or have any interest in, any Participation Percentage (but will have the right under and subject to the AAP Lender Deed to engage the ASP under the ASP Standing Offer to provide a Report).