Common use of Essential Obligation Clause in Contracts

Essential Obligation. 1. Confidential Information must be held in confidence and disclosed only to those employees or agents whose duties reasonably require access to such information. Recipient must protect the Owner’s Confidential Information using at least the same degree of care, but no less than a reasonable degree of care, to prevent the unauthorized use, disclosure or duplication (except as required for backup systems) of such Confidential Information as Recipient uses to protect its own confidential information of a similar nature. 2. Because Elan is a federally-regulated financial institution that must comply with the safeguards for Customer Information contained in the Xxxxx-Xxxxx-Xxxxxx Act (“GLBA”) and regulations promulgated pursuant to GLBA, ATM Owner, ATM Manager and Carrier must each establish appropriate measures designed to safeguard Customer Information. Specifically, ATM Owner, ATM Manager and Carrier must establish and maintain data security policies and procedures designed to ensure the following: (a) Security and confidentiality of Customer Information; (b) Protection against anticipated threats or hazards to the security or integrity of Customer Information; (c) Protection against the unauthorized access or use of Customer Information. 3. ATM Owner, ATM Manager and Carrier must permit Elan to monitor and audit their compliance with this Section during regular business hours upon not less than 48 hours’ notice to the ATM Owner, ATM Manager or Carrier and to provide to Elan copies of audits and system test results acquired by ATM Owner, ATM Manager and Carrier in relation to the data security policies and procedures designed to meet the requirements set forth above.

Essential Obligation. (1. ) Confidential Information must be held in confidence and disclosed only to those employees or agents whose duties reasonably require access to such information. Recipient must protect the Owner’s Confidential Information using at least the same degree of care, but no less than a reasonable degree of care, to prevent the unauthorized use, disclosure or duplication (except as required for backup systems) of such Confidential Information as Recipient uses to protect its own confidential information of a similar nature. (2. ) Because Elan Genpass is a federally-regulated financial institution that must comply with the safeguards for Customer Information contained in the Xxxxx-Xxxxx-Xxxxxx Act (“GLBA”) and regulations promulgated pursuant to GLBA, ATM Owner, ATM Manager and Carrier must each establish appropriate measures designed to safeguard Customer Information. Specifically, ATM Owner, ATM Manager and Carrier must establish and maintain data security policies and procedures designed to ensure the following: (a) Security security and confidentiality of Customer Information; (b) Protection protection against anticipated threats or hazards to the security or integrity of Customer Information; (c) Protection protection against the unauthorized access or use of Customer Information. (3. ) ATM Owner, ATM Manager and Carrier must permit Elan Genpass to monitor and audit their compliance with this Section during regular business hours upon not less than 48 hours’ notice to the ATM Owner, ATM Manager or Carrier and to provide to Elan Genpass copies of audits and system test results acquired by ATM Owner, ATM Manager and Carrier in relation to the data security policies and procedures designed to meet the requirements set forth above.

Essential Obligation. 1. Confidential Information must be held in confidence and disclosed only to those those• employees or agents whose duties reasonably require access to such information. Recipient must protect the Owner’s 's Confidential Information using at least the same degree of care, but no less than a reasonable degree of care, to prevent the unauthorized use, disclosure or duplication (except as required for backup systems) of such Confidential Information as Recipient uses to protect its own confidential information of a similar nature. 2. Because Elan is a federally-regulated financial institution that must comply with the safeguards for Customer Information contained in the Xxxxx-Xxxxx-Xxxxxx Act (“"GLBA”") and regulations promulgated pursuant to GLBA, ATM Owner, ATM Manager and Carrier must each establish appropriate measures designed to safeguard Customer Information. Specifically, ATM Owner, ATM Manager and Carrier must establish and maintain data security policies and procedures designed to ensure the following: (a) Security and confidentiality of Customer Information; (b) Protection against anticipated threats or hazards to the security or integrity of Customer Information; (c) Protection against the unauthorized access or use of Customer Information. 3. ATM Owner, ATM Manager and Carrier must permit Elan to monitor and audit their compliance with this Section during regular business hours upon not less than 48 hours’ ' notice to the ATM Owner, ATM Manager or Carrier and to provide to Elan copies of audits and system test results acquired by ATM Owner, ATM Manager and Carrier in relation to the data security policies and procedures designed to meet the requirements set forth above.