"...we obtain no rights under this Agreement from you our your licensors to Your Content, including intellectual property rights..." They could clean-room re-e

"...we obtain no rights under this Agreement from you our your licensors to Your Content, including intellectual property rights..." They could clean-room re-engineer it. So could anybody else. But, no, they could not simply take your monitoring code because they disclaimed having ANY intellectual property rights to it already. Saying "as necessary to maintain or provide the Service Offerings" covers hosting and backups. After all, your code, patented or not, is not necessary to maintain or provide their Service Offerings; their Service Offerings were already being maintained and provided.