Common use of Security Administration Clause in Contracts

Security Administration. When a Security Procedure is required to access a Service or authenticate instructions, you agree to appoint an Administrator with the authority to determine who will be authorized to use the Services on your behalf. You assume sole responsibility for the actions of your Administrator, the authority he or she gives others to act on your behalf, and the actions of the persons designated by the Administrator to use the Services. You or your Administrator will designate which accounts will be used for Service payments and transfers. If your Administrator designates an account that requires more than one signature for the withdrawal or transfer of funds, you agree that we may act upon any Service instruction that is accompanied by the password or Personal Identification Number designated by you or your Administrator for that account and the Service in question. You agree to (a) comply with our instructions and any User Materials that we provide to you; (b) take reasonable steps to safeguard the confidentiality and security of the Software Activation Key, Personal Identification Number, Password, the Equipment, and any other proprietary property or information we provide to you in connection with the Service; (c) limit access to your security procedure, Software Activation Key, Personal Identification Number, Password and Equipment to persons who have a need for such access; (d) initiate control practices to regularly monitor employee access to the Service; (e) notify us immediately if you have any reason to believe the security or confidentiality required by this provision has been or may be breached; and (f) immediately change the Software Activation Key, Personal Identification Number, Password if you know or suspect that the confidentiality of the Password has been compromised in any way. You acknowledge that the purpose of a security procedure is for verification of authenticity and not for the detection of errors (e.g., duplicate instructions or errors in information you provide to us). We are not obligated to detect errors made by you, even if certain actions are taken from time to time to do so. You agree to (i) change temporary passwords that we assign to you or your Administrator the first time you use the Service and (ii) immediately deactivate access to the Services for anyone who has had access to a Software Activation Key, Personal Identification Number, Password who is no longer employed or authorized by you or your Administrator to use the Service. We may require you to change your Software Activation Key, Personal Identification Number, and Password at any time. We may deny access to the Service without prior notice if we are unable to confirm (to our satisfaction) any person’s authority to access the Service or if we believe such action is necessary for security reasons.