2Recordkeeping Device Only Sample Clauses
The 'Recordkeeping Device Only' clause defines that a particular device or system is intended solely for the purpose of recording and storing information, rather than for operational or transactional use. In practice, this means that the device is not to be used for processing transactions, controlling equipment, or any other active function beyond maintaining records. For example, a server designated under this clause would only archive data and not participate in real-time business operations. The core function of this clause is to clearly limit the use of the device, thereby reducing operational risk and ensuring compliance with data management policies.
2Recordkeeping Device Only. The SERP Account is solely a device for measuring amounts to be paid under this Agreement and is not a trust fund of any kind.
2Recordkeeping Device Only. The Deferral Account is solely a bookkeeping entry and device for measuring amounts to be paid under this Agreement. This Agreement does not establish or create in any manner a trust fund of any kind.