Common use of Information Retention Clause in Contracts

Information Retention. As soon as administratively feasible after AB&T accepts Customer’s Business Digital Enrollment, AB&T will activate the Business Digital Banking product, which will inaugurate the process of accumulating Customer Eligible Account balance and transaction history from the time of Business Digital Banking activation going forward up to a maximum of eighteen (18) months accumulated activity available for Customer inquiry and reports. At its sole discretion, AB&T may increase or decrease the timeframe of accumulated activity available for Customer inquiry and reports. If Customer desires to retain one or more selected services Account activity inquiries or reports for a longer retention period, Customer may have the option to download the information from Business Digital Banking to Customer’s system as a saved file. If either AB&T or Customer provides Notice to the other party that Customer’s enrollment in Business Digital Banking is ending for whatever reason, Customer’s access to accumulated Customer Eligible Account balance, transaction origination templates, and transaction history will cease at close of business on the last Business day of Customer’s enrollment in Business Digital Banking. At a future date after Business Digital Banking enrollment termination, if Customer chooses to complete a new Business Digital Enrollment, Customer’s eligible Account balance and transaction history will begin to accumulate from the new enrollment date without accessibility to the information formerly available through the previously terminated Business Digital Banking product. Customer agrees to keep confidential all non-public information contained in any Item retrieved from Account activity searches and reports to the same extent that AB&T would be required by applicable law to keep confidential the same information. Customer agrees to execute and deliver to AB&T, at its request, a separate Confidentiality Agreement addressing AB&T’s requirements regarding nonpublic personal information.

Information Retention. As soon as administratively feasible after AB&T accepts Customer’s Business Digital BEB Enrollment, AB&T will activate the Business Digital Electronic Banking product, which will inaugurate the process of accumulating Customer Eligible Account balance and transaction history from the time of Business Digital Electronic Banking activation going forward up to a maximum of eighteen (18) months accumulated activity available for Customer inquiry and reports. At its sole discretion, AB&T may increase or decrease the timeframe of accumulated activity available for Customer inquiry and reports. If Customer desires to retain one or more selected services Selected Services Account activity inquiries or reports for a longer retention period, Customer may have the option to download the information from Business Digital Electronic Banking to Customer’s system as a saved file. If either AB&T or Customer provides Notice to the other party that Customer’s enrollment in Business Digital Electronic Banking is ending for whatever reason, Customer’s access to accumulated Customer Eligible Account balance, transaction origination templates, and transaction history will cease at close of business on the last Business day of Customer’s enrollment in Business Digital Electronic Banking. At a future date after Business Digital Electronic Banking enrollment termination, if Customer chooses to complete a new Business Digital BEB Enrollment, Customer’s eligible Account balance and transaction history will begin to accumulate from the new enrollment date without accessibility to the information formerly available through the previously terminated Business Digital Electronic Banking product. Customer agrees to keep confidential all non-public information contained in any Item retrieved from Account activity searches and reports to the same extent that AB&T would be required by applicable law to keep confidential the same information. Customer agrees to execute and deliver to AB&T, at its request, a separate Confidentiality Agreement addressing AB&T’s requirements regarding nonpublic personal information.