Common use of On-Line Access Clause in Contracts

On-Line Access. If the Custodian provides on-line access by means of a computer terminal to the Principal, or a representative designated by the Principal, for the retrieval of account information, the following terms and conditions shall be applicable: A. Access may be restricted, at the sole option of the Custodian, to such data, reports and time of day as may, in the opinion of the Custodian, be necessary to ensure the proper and efficient performance of the Custodian's computer system; and B. Users of the on-line access agree to establish appropriate internal procedures to control access to account information and in no case will the Custodian be liable to the Principal for any losses which the Principal may experience as a result of having information available via a computer terminal. C. Users understand and agree that they will provide any terminal equipment (e.g., computers, including communications software, modems or other hardware devices) at their site necessary to use On-Line Access, and shall bear any and all costs and expenses with respect thereto as well as for the use of any third party telecommunications networks or direct-dial telephone lines used in connection therewith.

On-Line Access. If the Custodian provides on-line access by means of a computer terminal to the PrincipalTrust, or a representative designated by the PrincipalTrust, for the retrieval of account information, the following terms and conditions shall be applicable: A. 1.) Access may be restricted, at the sole option of the Custodian, to such data, reports and time of day as may, in the opinion of the Custodian, be necessary to ensure the proper and efficient performance of the Custodian's computer system; and; B. 2.) Users of the on-line access agree to establish appropriate internal procedures to control access to account information and in no case will the Custodian be liable to the Principal Trust for any losses which the Principal Trust may experience as a result of having information available via a computer terminal; and 3. C. ) Users understand and agree that they will provide any terminal equipment (e.g., computers, including communications software, modems or other hardware devices) at their site necessary to use On-Line Access, and shall bear any and all costs and expenses with respect thereto as well as for the use of any third party telecommunications networks or direct-dial telephone lines used in connection therewith.