Purpose of Security Procedures Sample Clauses

Purpose of Security Procedures. Security procedures are intended to confirm the authenticity of the Instructions you provide to us, and not to detect errors in the content or transmission of such Instructions, and we assume no responsibility for doing so. We also assume no responsibility to discover, audit, or report to you any unauthorized disclosure or use of the security procedure or other breach of security by you, your agents or representatives, or any third party, and all losses resulting therefrom shall be solely your responsibility. You shall promptly notify us of any suspected breach of security (whether or not involving your employees).
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Purpose of Security Procedures. Client acknowledges that the purpose of a Security Procedure is to control administrative functions, detect suspicious activity and verify the authenticity of the transaction, not to detect errors in the transmission or content of the transaction. No Security Procedure verifies the actual identity of the users of the Services or monitors the actions of the users to determine whether their actions exceed the scope of their authority. The Security Procedures are in addition to and do not limit, revoke, or affect the authority of any Authorized Representative or User to transmit instructions, or any agreement now or hereafter existing between Client and Bank relating to instructions.
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Purpose of Security Procedures. Company agrees that the purpose of the Security Procedures is to verify the authenticity of Entries received by Bank in the name of Company and not to detect any errors in the transmission or content of any Entry, and that no security procedure for the detection of such errors has been agreed upon by Bank and Company.
Sample 1Sample 2
Purpose of Security Procedures. Security procedures are intended to confirm the authenticity of the Instructions you provide to us. We assume no responsibility to discover or audit any unauthorized disclosure or use of the security procedures or other breach of security by you, your agents or representatives, or any third party.
Sample 1Sample 2
Purpose of Security Procedures. SCHOOL agrees that the purpose of the security procedures with MWI is to verify the authenticity of Entries transmitted to MWI in the name of SCHOOL and not to detect any error in the transmission or content of any Entry, and that no security procedure for the detection of such errors has been agreed upon by FI and SCHOOL and the FI will undertake no such effort.
Sample 1

Related to Purpose of Security Procedures

  • Security Procedures The Fund shall comply with data access operating standards and procedures and with user identification or other password control requirements and other security procedures as may be issued from time to time by State Street for use of the System on a remote basis and to access the Data Access Services. The Fund shall have access only to the Fund Data and authorized transactions agreed upon from time to time by State Street and, upon notice from State Street, the Fund shall discontinue remote use of the System and access to Data Access Services for any security reasons cited by State Street; provided, that, in such event, State Street shall, for a period not less than 180 days (or such other shorter period specified by the Fund) after such discontinuance, assume responsibility to provide accounting services under the terms of the Custodian Agreement.

  • Formal Procedures a. Upon presentation to the Vice President of a petition, signed by one-third (1/3) of the full-time members of the department who are eligible to participate, excluding the Department Chair, stating specific reasons for recalling the Department Chair, the Vice President shall promptly give fourteen (14) days written notice to all full-time department members setting forth the time, date and place of a meeting to consider the recall petition and to vote on either a motion that the Department Chair continue in office or a motion to recommend to the President that he/she declare a vacancy to exist in the chair of the department. The Department Chair may be present at this meeting.

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