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Document Preview Servicing Agreement |
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Title: |
Servicing Agreement |
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Date: |
2007 |
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Size: |
Preview shows 5KB of 37KB total |
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Price: |
$47 |
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ID: |
#3011708 |
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SERVICING AGREEMENT
BETWEEN
BROOKE CORPORATION
AND
BROOKE CREDIT CORPORATION
This Servicing Agreement (this ?Agreement?) is made and entered into as of July 18, 2007, by and between Brooke Credit Corporation, a Delaware Corporation (the ?Company?), and Brooke Corporation, a Kansas corporation (?BC?).
WHEREAS, the Company desires to engage BC to provide the Services (as defined below) to the Company according to the terms and subject to the conditions set forth herein.
NOW THEREFORE, in consideration of the premises and the agreements, covenants and representations herein contained, the parties hereto agree as follows:
| 1. | The Services. |
a. BC shall provide to Company the services described in Exhibit A, Schedule of Services, attached hereto (which services are hereinafter referred to as the ?Services?). BC shall have no obligation to perform any services or have any obligations pursuant to this Agreement, except as specifically set forth on Exhibit A, or otherwise specifically set forth in this Agreement. BC shall perform the Services in accordance with its customary standards, policies and procedures in performing similar obligations with respect to similarly situated third parties.
b. Reserved.
c. BC grants to the Company a non-exclusive, non-transferable, and royalty-free license to use the name ?Brooke? and such trademarks and service marks as are registered by BC with the United State Patent and Trademark Office or claimed by BC and pending registration with such Trademark Office (collectively, such name and marks to be referred to as the ?Licensed Marks?) solely in connection with the Company?s operation of its business. The Company shall make no other use of the Licensed Marks. The Company acknowledges and agrees that the rights granted to the Company by and obtained by the Company as a result of or in connection with this Agreement are license rights only, and nothing contained in this Agreement constitutes or shall be construed to be an assignment of any or all of BC?s rights in any of the Licensed Marks. BC retains the right to specify, from time to time, the format in which the Company shall use and display each Licensed Mark, and the Company shall only use or display the Licensed Mark in a format approved by BC. The Company shall not at any time, whether during or after the term of this Agreement, do or cause to be done any act or thing challenging, contesting, impairing, invalidating, or tending to impair or invalidate any of BC?s rights in any of the Licensed Marks or any registrations derived from such rights. The Company shall not assign, sublicense, transfer, or otherwise convey the Company?s rights or obligations with respect to the Licensed Marks without BC?s prior written consent. The Company shall promptly notify BC of any and all infringements, imitations, simulations or other illegal use or misuse of any of the Licensed Marks which come to the Company?s attention. As the sole owner of the Licensed Marks, BC shall determine whether to take any action to prevent the infringement, imitation, simulation or other illegal use or misuse of the Licensed Marks. The Company shall render BC all reasonable assistance in connection with any matter pertaining to the protection, enforcement or infringement of the Licensed Marks used by the Company, whether in the courts, administrative or quasi-judicial agencies, or otherwise. In the event BC intends not to renew this agreement, enter into a replacement servicing agreement or enter into another agreement that provides the rights to the Company set forth in this paragraph 1(c), BC will provide the Company with notice of its intention and the Company will continue to enjoy the rights set forth in this paragraph 1(c) for a period of 90 days following the later of: (i) the receipt by the Company of
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