Safeguarding Funds Sample Clauses

Safeguarding Funds. 8.1 Argentex holds all funds received into the Client’s Currency Account in Safeguarded Accounts with a reputable bank and confirms that: (a) At no time whatsoever are funds in the Safeguarded Account combined with Argentex’s own funds and all funds held in Safeguarded Accounts are legally recognised as belonging to Argentex’s Clients only, subject to clause 8.3 below; (b) The bank is not entitled to combine Safeguarded Accounts with any other account or to exercise any right of set-off or counterclaim against money in these accounts; and (c) The purpose of keeping Client funds in Safeguarded Accounts is to ensure that in the event of Argentex’s insolvency or if a financial claim is made against Argentex, no creditor or claimant can claim funds held in these accounts. No lien is held over funds in Safeguarded Accounts and therefore no other person or institution will have any right or interest over the funds in these accounts. 8.2 Pursuant to the Electronic Money Regulations 2011, Argentex will not pay the Client interest on any funds received including balances held in Safeguarded Accounts. Argentex may retain any interest which accrues from funds held in any Safeguarded Account. 8.3 Argentex holds all funds in Safeguarded Accounts on trust for its Clients. 8.4 The Client acknowledges that Argentex may pass funds held for or received from the Client to its banking providers to hold or control in order to effect a Contract through or with that bank or to satisfy the Client’s obligations, including amounts payable by the Client for Initial Margin or Variation Margin respect of a FX Contract.
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Safeguarding Funds. ‌ Instructional staff shall not be required to safeguard funds.
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Safeguarding Funds. (1) All funding received by the FNHA pursuant to this Agreement, including held as a Surplus or in a Reserve Fund must, until such time as it is expended in accordance with the terms and conditions of this Agreement, be held in a deposit account or accounts at a chartered bank or trust company in Canada or in interest-bearing certificates of deposit or treasury bills issued by the federal or a provincial government in the name of or held by the FNHA, solely. (2) None of the Funding shall be used by the FNHA for, or paid to any other person, party or organization including First Nation Health Providers, for: (a) expenses or any portion thereof that would not permitted by section 8.1; (b) the purchase of, or expenses for, any business, activity or undertaking, except where same is for the exclusive purpose of planning, designing, managing, delivering and funding of FN Health Programs; (c) the purchase of stocks, bonds, shares or financial instruments or securities of any kind, including any rights or options related thereto, other than deposits referred to in subsection (1) or as necessary for paragraph (b); (d) making or providing a loan; or (e) securing, assuming or guarantying any debts as set out in subsection (3). (3) Unless agreed to by Canada, the FNHA shall not pledge, mortgage, lien, charge or permit the creation of any security interest in: (i) any of the Funding; or (ii) any Acquired Asset. (4) The FNHA shall prepare and implement a policy on public, competitive contracting procedures to ensure, at a minimum, that contracts over one hundred thousand dollars ($100,000.00) are awarded through competitive processes, and that exceptions to the policy, including aboriginal procurement incentives, are clearly set out. (5) The FNHA shall: (a) in addition to any terms of its conflict of interest policies, ensure that no current director, officer or senior employee of the FNHA, or any corporate or other entity in which such individuals have a pecuniary interest, shall act as a paid contractor or consultant of the FNHA; and (b) require that its members abide by conflict of interest policies that apply to them in relation to contracting with, or consulting for, the FNHA.
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Safeguarding Funds. Employees shall not be required to safeguard funds.
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Safeguarding Funds. 3.1 The Contractor will safeguard all funds becoming available to it for the undertaking of the Program by insurance, or by fidelity or surety bonds, as shall be satisfactory to the State. 3.2 The Contractor will carry out the Program with all practicable dispatch, in a sound, economical, and efficient manner, in accordance with the provisions of this Agreement and all applicable Program statutes and regulations. The Contractor will incorporate in each Agreement entered into by it with respect to the Program such provisions and conditions as may be necessary to enable the Contractor to carry out the Program and to observe, require appropriate observance of, perform, and carry out the provisions of this Agreement.
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Safeguarding Funds. Pursuant to Article 21 of Royal Decree Law 19/2018 on payment services and its implementing regulations, please note that the procedure adopt- ed by the company to safeguard funds is deposit in a separate account with a credit institution.
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Safeguarding Funds 
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Related to Safeguarding Funds

  • Safeguarding The Local Authority has overarching responsibility for safeguarding and promoting the welfare of all children and young people in their area. They have a number of statutory functions under the 1989 and 2004 Children Acts which make this clear, and the ‘Working Together to Safeguard Children’ 2015 guidance1 sets these out in detail.

  • Safeguarding Customer Information The Servicer has implemented and will maintain security measures designed to meet the objectives of the Interagency Guidelines Establishing Standards for Safeguarding Customer Information published in final form on February 1, 2001, 66 Fed. Reg. 8616 and the rules promulgated thereunder, as amended from time to time (the “Guidelines”). The Servicer shall promptly provide the Master Servicer, the Trustee and the NIMS Insurer information reasonably available to it regarding such security measures upon the reasonable request of the Master Servicer, the Trustee and the NIMS Insurer which information shall include, but not be limited to, any Statement on Auditing Standards (SAS) No. 70 report covering the Servicer’s operations, and any other audit reports, summaries of test results or equivalent measures taken by the Servicer with respect to its security measures to the extent reasonably necessary in order for the Seller to satisfy its obligations under the Guidelines.

  • Safeguards for Personal Information Supplier agrees to develop, implement, maintain, and use administrative, technical, and physical safeguards, as deemed appropriate by DXC, to preserve the security, integrity and confidentiality of, and to prevent intentional or unintentional non-permitted or violating use or disclosure of, and to protect against unauthorized access to or accidental or unlawful destruction, loss, or alteration of, the Personal Information Processed, created for or received from or on behalf of DXC in connection with the Services, functions or transactions to be provided under or contemplated by this Agreement. Such safeguards shall meet all applicable legal standards (including any encryption requirements imposed by law) and shall meet or exceed accepted security standards in the industry, such as ISO 27001/27002. Supplier agrees to document and keep these safeguards current and shall make the documentation available to DXC upon request. Supplier shall ensure that only Supplier’s employees or representatives who may be required to assist Supplier in meeting its obligations under this Agreement shall have access to the Personal Information.

  • Privacy of Customer Information Company Customer Information in the possession of the Agent, other than information independently obtained by the Agent and not derived in any manner from or using information obtained under or in connection with this Agreement, is and shall remain confidential and proprietary information of the Companies. Except in accordance with this Section 10.10, the Agent shall not use any Company Customer Information for any purpose, including the marketing of products or services to, or the solicitation of business from, Customers, or disclose any Company Customer Information to any Person, including any of the Agent’s employees, agents or contractors or any third party not affiliated with the Agent. The Agent may use or disclose Company Customer Information only to the extent necessary (i) for examination and audit of the Agent’s activities, books and records by the Agent’s regulatory authorities, (ii) to protect or exercise the Agent’s, the Custodian’s and the Lenders’ rights and privileges or (iii) to carry out the Agent’s, the Custodian’s and the Lenders’ express obligations under this Agreement and the other Facilities Papers (including providing Company Customer Information to Approved Investors), and for no other purpose; provided that the Agent may also use and disclose the Company Customer Information as expressly permitted by the relevant Company in writing, to the extent that such express permission is in accordance with the Privacy Requirements. The Agent shall take commercially reasonable steps to ensure that each Person to which the Agent intends to disclose Company Customer Information, before any such disclosure of information, agrees to keep confidential any such Company Customer Information and to use or disclose such Company Customer Information only to the extent necessary to protect or exercise the Agent’s, the Custodian’s and the Lenders’ rights and privileges, or to carry out the Agent’s, the Custodian’s and the Lenders’ express obligations, under this Agreement and the other Facilities Papers (including providing Company Customer Information to Approved Investors). The Agent agrees to maintain an Information Security Program and to assess, manage and control risks relating to the security and confidentiality of Company Customer Information pursuant to such program in the same manner as the Agent does so in respect of their own customers’ information, and shall implement the standards relating to such risks in the manner set forth in the Interagency Guidelines Establishing Standards for Safeguarding Company Customer Information set forth in 12 CFR Parts 30, 208, 211, 225, 263, 308, 364, 568 and 570. Without limiting the scope of the foregoing sentence, the Agent shall use at least the same physical and other security measures to protect all Company Customer Information in the Agent’s possession or control as the Agent uses for their own customers’ confidential and proprietary information.

  • Compliance with Safeguarding Customer Information Requirements The Servicer has implemented and will maintain security measures designed to meet the objectives of the Interagency Guidelines Establishing Standards for Safeguarding Customer Information published in final form on February 1, 2001, 66 Fed. Reg. 8616, and the rules promulgated thereunder, as amended from time to time (the “Guidelines”). The Servicer shall promptly provide the Seller information regarding the implementation of such security measures upon the reasonable request of the Seller.

  • Safeguarding requirements and procedures (1) The Contractor shall apply the following basic safeguarding requirements and procedures to protect covered contractor information systems. Requirements and procedures for basic safeguarding of covered contractor information systems shall include, at a minimum, the following security controls: (i) Limit information system access to authorized users, processes acting on behalf of authorized users, or devices (including other information systems). (ii) Limit information system access to the types of transactions and functions that authorized users are permitted to execute. (iii) Verify and control/limit connections to and use of external information systems. (iv) Control information posted or processed on publicly accessible information systems. (v) Identify information system users, processes acting on behalf of users, or devices. (vi) Authenticate (or verify) the identities of those users, processes, or devices, as a prerequisite to allowing access to organizational information systems. (vii) Sanitize or destroy information system media containing Federal Contract Information before disposal or release for reuse. (viii) Limit physical access to organizational information systems, equipment, and the respective operating environments to authorized individuals. (ix) Escort visitors and monitor visitor activity; maintain audit logs of physical access; and control and manage physical access devices. (x) Monitor, control, and protect organizational communications (i.e., information transmitted or received by organizational information systems) at the external boundaries and key internal boundaries of the information systems. (xi) Implement subnetworks for publicly accessible system components that are physically or logically separated from internal networks. (xii) Identify, report, and correct information and information system flaws in a timely manner. (xiii) Provide protection from malicious code at appropriate locations within organizational information systems. (xiv) Update malicious code protection mechanisms when new releases are available. (xv) Perform periodic scans of the information system and real-time scans of files from external sources as files are downloaded, opened, or executed.

  • Customer Information CPNI of a Customer and any other non-public, individually identifiable information about a Customer or the purchase by a Customer of the services or products of a Party.

  • CONFIDENTIALITY/SAFEGUARDING OF INFORMATION The CONTRACTOR shall not use or disclose any information concerning the AGENCY, or information that may be classified as confidential, for any purpose not directly connected with the administration of this contract, except with prior written consent of the AGENCY, or as may be required by law.

  • Access to Personal Information by Subcontractors Supplier agrees to require any subcontractors or agents to which it discloses Personal Information under this Agreement or under any SOW to provide reasonable assurance, evidenced by written contract, that they will comply with the same or substantially similar confidentiality, privacy and security obligations with respect to such Personal Information as apply to Supplier under this Agreement or any SOW. Supplier shall confirm in writing to DXC that such contract is in place as a condition to DXC’s approval of use of a subcontractor in connection with any SOW. Upon request of DXC, Supplier will provide to DXC a copy of the subcontract or an extract of the relevant clauses. Supplier shall ensure that any failure on the part of any subcontractor or agent to comply with the Supplier obligations under this Agreement or any SOW shall be grounds to promptly terminate such subcontractor or agent. If during the term of this Agreement or any SOW, DXC determines, in its exclusive discretion, that any Supplier subcontractor or agent cannot comply with the Supplier obligations under this Agreement or with any SOW, then DXC may terminate this Agreement in whole or in part (with respect to any SOW for which such subcontractor or agent is providing services), if not cured by Supplier within the time prescribed in the notice of such deficiency.

  • Medical Procedures 21.01 The Board shall distribute a copy of its Operating Procedures for administration of prescribed medication to pupils in schools and Procedures for health support services to each Teacher. 21.02 In accordance with Operating Procedure Special Education Services 8, a Teacher may refuse without prejudice a request to administer medications except in life-threatening situations.

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