Common use of Prevention of Unauthorized Use Clause in Contracts

Prevention of Unauthorized Use. Participant agrees that it will comply, and agrees to require any applicable third party to comply, with all reasonable security specifications or requirements of FINRA including, if applicable, the installation of digital certificates for each of Participant’s Users, in order to prevent the Service from being improperly accessed, received, used or improperly taken from any of Participant’s, or any applicable third parties, place(s) of business or residence. FINRA shall give Participant prior notice of any such specifications or requirements. For the purpose of determining compliance with this subsection, at any and all times, any and all individuals designated by FINRA shall have (i) access to the place(s) of business or residence where the Service is accessed, received or used and (ii) the right to observe the access, receipt and use of the Service. Participant acknowledges and agrees that FINRA may use electronic means to verify and ensure Participant’s compliance with the terms of this Agreement including code embedded within the Service. Each party shall install and maintain at all times during the term of this Agreement a corporate “firewall” protecting its computer network in accordance with commercially reasonable specifications and standards. FINRA shall not include in the Service any computer code designed to harm the operation of Participant’s computer system, or any other associated software, firmware, hardware, computer system or network or provide or allow unauthorized access to the Participant’s system.

Appears in 3 contracts

Samples: Finra Transparency Services Participation Agreement, Finra Transparency Services Participation Agreement, Finra Transparency Services Participation Agreement

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Prevention of Unauthorized Use. Participant agrees that it will comply, and agrees to require any applicable third party to comply, with all reasonable security specifications or requirements of FINRA including, if applicable, the installation of digital certificates for each of Participant’s UsersusersUsers, in order to prevent the Service from being improperly accessed, received, used or improperly taken from any of Participant’s, or any applicable third parties, place(s) of business or residence. FINRA shall give Participant prior notice Noticenotice of any such specifications or requirements. For the purpose of determining compliance with this subsection, at any and all times, any and all individuals designated by FINRA shall have (i) access to the place(s) of business or residence where the Service is accessed, received or used and (ii) the right to observe the access, receipt and use of the Service. Participant acknowledges and agrees that FINRA may use electronic means to verify and ensure Participant’s compliance with the terms of this Agreement including code embedded within the Service. Each party shall install and maintain at all times during the term of this Agreement a corporate “firewall” protecting its computer network in accordance with commercially reasonable specifications and standards. FINRA shall not include in the Service any computer code designed to harm the operation of Participant’s computer system, or any other associated software, firmware, hardware, computer system or network or provide or allow unauthorized access to the Participant’s system.

Appears in 1 contract

Samples: Finra Transparency Services Participation Agreement

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