Common use of Processing Personal Data Clause in Contracts

Processing Personal Data. THE DEPOSITOR HEREBY CONSENTS TO THE BANK’S COLLECTION, PROCESS AND USE OF ANY AND ALL PERSONAL DATA OF THE DEPOSITOR PROVIDED OR TO BE PROVIDED BY THE DEPOSITOR TO THE BANK OR OTHERWISE ACQUIRED BY THE BANK FOR THE PURPOSES OF (I) HANDLING THE BANK’S TRANSACTIONS WITH THE DEPOSITOR; (II) SOLICITING BUSINESS FROM THE DEPOSITOR AND/OR ALLOWING THIRD PARTIES TO SOLICIT BUSINESS FROM THE DEPOSITOR; AND/OR (III) SUCH OTHER PURPOSES AS MAY BE PERMITTED BY APPLICABLE LAWS AND REGULATIONS. THE DEPOSITOR REPRESENTS AND WARRANTS THAT, WITH RESPECT TO ANY PERSONAL DATA REGARDING ANY EMPLOYEES, DIRECTORS OR SUPERVISORS OF THE DEPOSITOR OR ANY THIRD PARTIES PROVIDED TO THE BANK PROVIDED BY THE DEPOSITOR, EACH OF THE RELEVANT EMPLOYEES, DIRECTORS AND SUPERVISORS OF THE DEPOSITOR OR ANY THIRD PARTIES HAS CONSENTED TO THE BANK'S COLLECTION, PROCESSING AND USE OF SUCH PERSONAL DATA. THE DEPOSITOR WILL BE HELD SOLELY RESPONSIBLE, WITHOUT PROTEST, FOR ANY CLAIM MADE BY THE SAID EMPLOYEES, DIRECTORS OR SUPERVISORS OR THIRD PARTIES AGAINST THE BANK FOR SUCH USE.