Common use of Reporting of Data Breaches Clause in Contracts

Reporting of Data Breaches. 4.1 As soon as a party detects a Personal Data Breach or reasonably suspects that a Personal Data Breach has occurred or could occur, such party shall immediately, in any case within forty-eight (48) hours after detection or suspicion of a Personal Data Breach, notify the contact person of each of the other parties referred to in the Schedule. The party who has detected or suspects a Personal Data Breach will provide all reasonably necessary or requested information, documentation and assistance, enabling the other parties to (i) notify, if applicable, the (possibly) affected Data Subjects and/or the competent governmental authorities in a timely manner and (ii) prove compliance with their data breach notification duties in accordance with the General Data Protection Regulation. 4.2 A Personal Data Breach includes the situation that the CBC or the Security Trustee has access to the Personal Data before the Personal Data have been released by the Agent (as defined in the Deposit Agreement) to either the CBC and/or the Security Trustee in line with the Servicing Agreement and the Deposit Agreement.

Appears in 2 contracts

Samples: Joint Controller Agreement, Joint Controller Agreement

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Reporting of Data Breaches. 4.1 As soon as a party detects a Personal Data Breach or reasonably suspects that a Personal Data Breach has occurred or could occur, such party shall immediately, in any case within forty-eight (48) hours after detection or suspicion of a Personal Data Breach, notify the contact person of each of the other parties referred to in the Schedule. The party who has detected or suspects a Personal Data Breach will provide all reasonably necessary or requested information, documentation and assistance, enabling the other parties to (i) notify, if applicable, the (possibly) affected Data Subjects and/or the competent governmental authorities in a timely manner and (ii) prove compliance with their data breach notification duties in accordance with the General Data Protection Regulation. 4.2 A Personal Data Breach includes the situation that the CBC or the Security Trustee has or may have access to the Personal Data before the Personal Data have been released by the Agent (as defined in the Deposit Agreement) to either the CBC and/or the Security Trustee in line with the Servicing Agreement and the Deposit Agreement.

Appears in 2 contracts

Samples: Joint Controller Agreement, Joint Controller Agreement

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