Aggregator Access Services Sample Clauses
The Aggregator Access Services clause defines the terms under which an aggregator is permitted to access and use certain services or data provided by another party. Typically, this clause outlines the scope of access, any technical or security requirements, and the limitations on how the aggregator may use the information or services, such as restrictions on redistribution or modification. Its core function is to establish clear boundaries and responsibilities for both parties, ensuring that access is granted in a controlled manner and reducing the risk of misuse or unauthorized disclosure.
Aggregator Access Services. Company hereby instructs Agent to provide Financial Advisors with the option to participate in Agent’s aggregator access services (“Aggregator Access Services”), in which Agent sends daily electronic files containing Aggregator Shareholder Information (as defined below), via secure file transfer protocol, to designated and enrolled aggregators of such Financial Advisors (each, an “Aggregator”, and collectively, “Aggregators”), subject to each such Financial Advisor duly executing and properly completing an Aggregator Access Services agreement and authorization form (in a format and delivery method to be determined by Agent, which may include through the BDC Portal), which includes, but is not limited to, certain terms and conditions set forth therein pertaining to the Aggregator Access Services. Such daily electronic files will include Shareholder Account profiles, Shareholder positions, applicable transactions, applicable distributions, and cost basis information associated with the corresponding Financial Advisors (“Aggregator Shareholder Information”). Company agrees that (i) if a Financial Institution informs Agent that a Financial Advisor is no longer associated with such Financial Institution, or (ii) if a search of Financial Advisors is performed through an unaffiliated third-party service provider of Agent (as referenced in Section 3.7.1 above) to determine their employment status with their associated Financial Institution, and such search indicates a Financial Advisor is no longer associated with the Financial Institution reflected on Agent’s records, then Agent, in case of either (i) or (ii) above, will no longer send such daily electronic files to such Financial Advisor’s designated and enrolled aggregator. Upon thirty (30) days prior written notice from Company to Agent, Agent will terminate its provision of the Aggregator Access Services for all Accounts associated with Financial Advisors. Agent reserves the right to add any Aggregators to or to terminate any Aggregators from its list of approved Aggregators for any reason, in its sole discretion. For the avoidance of doubt, the parties hereto agree that Aggregators are not Agent’s subcontractors or sub-processors, and Agent shall have no liability for the acts or omissions of Aggregators. Company authorizes Agent to add its name to Agent’s “List of Participating Issuers” with respect to Aggregator Access Services, for so long as Company participates in such Aggregator Access Services. Compan...