Interagency Guidelines Clause Samples
The Interagency Guidelines clause establishes a framework for cooperation and coordination between multiple government agencies involved in a particular project or regulatory matter. It typically outlines the procedures for information sharing, joint decision-making, and conflict resolution among the agencies. By clearly defining roles and responsibilities, this clause helps prevent misunderstandings and ensures that all agencies work together efficiently, ultimately streamlining processes and reducing the risk of regulatory overlap or conflict.
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Interagency Guidelines. EVERTEC acknowledges the requirements of the Interagency Guidelines Establishing Standards for Safeguarding Customer Information issued by bank regulatory agencies on February 1, 2001, regarding the implementation of security measures to safeguard customer information. EVERTEC represents and warrants to COMPANY, BPPR, and their respective Subsidiaries that it has in place a comprehensive written security program that includes administrative, technical and physical safeguards to protect the security, confidentiality and integrity of Customer Information. Furthermore, EVERTEC agrees that COMPANY, BPPR, and their respective Subsidiaries, and any Third Party auditor reasonably designated by COMPANY, BPPR, or their respective Subsidiaries, may, in a manner that is consistent with practices and procedures of the parties prior to the date hereof, at any time (i) solicit a copy of the aforementioned security program and (ii) review, monitor and audit EVERTEC to confirm it has satisfied its obligations pursuant to this paragraph.
Interagency Guidelines. The Servicer hereby represents that it has instituted and will maintain security measures designed to meet the objectives of the Guidelines. Such measures are designed to prevent