Common use of Member Responsibilities Clause in Contracts

Member Responsibilities. Member agrees to be bound by any Entry sent through the Systems to Xxxxxx, whether such Entry was authorized in fact by Member, its agents, representatives, employees, or officers, so long as Xxxxxx accepted such Entry in compliance with the Security Procedures as defined in this MMA. Member further agrees to be responsible for: (A) Providing and maintaining the necessary computing environment to operate Systems; (B) Maintaining documentation provided by Xxxxxx; (C) Securing access to Systems and Documentation so it is accessible only to Member employees who are authorized to use the Systems to conduct Member business; (D) Communicating with Xxxxxx representatives to obtain assistance and reporting system errors; (E) Ensuring terminated Member employees do not have access to Systems and Documentation; (F) With respect to each Entry initiated by Member, Member represents and warrants, and will be deemed to have made the same at the time each Entry is initiated by Member, it has complied with all provisions of this MMA and applicable rules; (G) The entry, validity and accuracy of all Entries, transactions, and information input into Systems; (H) Notifying Alloya immediately of any unauthorized Entries; (I) Executing appropriate agreements authorizing Member to electronically conduct transactions with Xxxxxx; (J) Maintaining an Internet e-mail address, or addresses, to receive information regarding Systems availability, updates, etc.; (K) Establishing appropriate internal controls and assuming responsibility for and all risks associated with failure to apply internal controls available within the Systems; (L) All aspects of local security administration as set forth in this MMA.

Appears in 4 contracts

Samples: Master Membership Agreement, Master Membership Agreement, Master Membership Agreement

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