Common use of Electronic Incident Reporting Clause in Contracts

Electronic Incident Reporting. For purposes hereof, “Electronic Incident” shall mean any unauthorized action by a known or unknown person which should reasonably be considered one of the following: an attack, penetration, disclosure of Confidential Information, misuse of system access, unauthorized access or intrusion (hacking), virus intrusion, scan of BNYM’s systems or networks, or any other activity that materially adversely affects the services provided hereunder and/or Confidential Information related to the Funds. If an Electronic Incident which materially adversely affects the services provided hereunder and/or Confidential Information occurs, BNYM shall notify the Funds as soon as reasonably practicable under the circumstances.

Appears in 6 contracts

Samples: Services Agreement, Administrative Services Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Administrative Services Agreement (Grosvenor Registered Multi-Strategy Fund (W), LLC)

AutoNDA by SimpleDocs

Electronic Incident Reporting. For purposes hereof, “Electronic Incident” shall mean any unauthorized action by a known or unknown person which should reasonably be considered one of the following: an attack, penetration, disclosure of Confidential Information, misuse of system access, unauthorized access or intrusion (hacking), virus intrusion, scan of BNYMCustodian’s systems or networks, or any other activity that materially adversely affects the services provided hereunder and/or Confidential Information related to the Funds. If an Electronic Incident which materially adversely affects the services provided hereunder and/or and /or Confidential Information occurs, BNYM Custodian shall notify the Funds as soon as reasonably practicable under the circumstances.

Appears in 1 contract

Samples: Custody Agreement (ASGI Agility Income Fund)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.