Applicant acknowledges and agrees that said Vendor IDs are licensed to Applicant on an exclusive, nonassignable, non-transferable (except as may be permitted under the Bylaws) basis for use solely with Applicant's products and services, but only so long as Applicant remains a member in good standing of PCI-SIG. Applicant agrees that Applicant will not permit third parties to make use of its Vendor IDs without the express written permission of PCI-SIG,which permission may be denied at PCI-SIG’s sole discretion. Applicant further acknowledges and agrees that PCI-SIG has no duty to protect Applicant's exclusive use of said Vendor IDs with the exception that PCI-SIG warrants that it will not assign the same Vendor IDs to two or more current Members in good standing. Applicant hereby agrees that Applicant's violation of the terms of this paragraph shall be grounds for termination of Applicant's membership pursuant to Section 12.9(3) of the Bylaws.