Common use of Loss of Materials Clause in Contracts

Loss of Materials. In the event of a material loss, theft or other disappearance of any customer information, data or materials that Vendor is responsible for or from Vendor's possession (pursuant to this Agreement or any other agreement with Vendor's customers), Vendor shall promptly notify AMEX, in which case AMEX may [***], including without limitation arranging for security and processing oversight of all items held by Vendor which are owned by AMEX or in which AMEX has a proprietary interest. Vendor's notification does not require it to inform AMEX of Vendor's customers' identity or other confidential information, but is designed to give AMEX an understanding of the circumstances and magnitude of the loss.

Loss of Materials. In the event of a material loss, theft or other disappearance of any customer information, data or materials that Vendor is responsible for or from Vendor's ’s possession (pursuant to this Agreement or any other agreement with Vendor's ’s customers), Vendor shall promptly notify AMEX, in which case AMEX may [***], including without limitation arranging for security and processing oversight of all items held by Vendor which are owned by AMEX or in which AMEX has a proprietary interest. Vendor's ’s notification does not require it to inform AMEX of Vendor's ’s customers' ’ identity or other confidential information, but is designed to give AMEX an understanding of the circumstances and magnitude of the loss.