Operating Procedures for MPC Clause Samples
The Operating Procedures for MPC clause defines the rules and processes that govern how a Multi-Party Computation (MPC) system is to be used and managed by the parties involved. It typically outlines the steps for initiating computations, handling data inputs and outputs, and resolving operational issues, such as system errors or participant unavailability. By establishing clear procedures, this clause ensures that all parties understand their roles and responsibilities, thereby reducing the risk of disputes and promoting efficient, secure collaboration within the MPC framework.
Operating Procedures for MPC. In any applicable case in connection with MPL’s operation of the Storage Tanks, MPC hereby agrees to be subject to the direction of MPL and to strictly abide by any and all Applicable Laws and MPL’s rules and procedures relating to MPL’s operation and use of the Storage Tanks that generally apply to MPL’s receipt, delivery, redelivery and storage of Crude Petroleum and Product in the Storage Tanks (collectively, the “Operating Procedures”).
Operating Procedures for MPC. MPC hereby agrees to be subject to the direction of MTS and to strictly abide by any and all Applicable Laws and MTS policies and procedures relating to the operation and use of the Cavern that generally apply to receipt, delivery, redelivery and storage of Product in the Cavern (collectively, the “Operating Procedures”).