PROGRAM PROPRIETARY INFORMATION definition
PROGRAM PROPRIETARY INFORMATION means the Underwriting Algorithm, the Pricing Algorithm and the Program Information (as that term is defined in paragraph 16). Prior to the effective date of an Origination Suspension, each party will hold Program Proprietary Information in confidence, and may use Program Proprietary Information only in connection with the performance of its duties hereunder. The foregoing notwithstanding, IAFC may use Program Proprietary Information (other than Program Information, the use of which is governed by paragraph 16) in connection with activities permitted under paragraph 15. For a period ending two years after the effective date of an Origination Suspension, Heritage may not, for the purpose of marketing credit cards over the Internet, (i) disclose Program Proprietary Information to any third party, or (ii) copy Program Proprietary Information. After the effective date of an Origination Suspension, IAFC will not be restricted in its right to disclose to third parties Program Proprietary Information.
Examples of PROGRAM PROPRIETARY INFORMATION in a sentence
As used herein, "PROGRAM PROPRIETARY INFORMATION" means the Underwriting Algorithm, the Pricing Algorithm and the Program Information (as that term is defined in paragraph 16).