Security Measures and Operating Procedures. You recognize and agree that the Services are the property of Bank and/or Bank's third party service provider, and you covenant and agree not to share or disclose any Confidential Information regarding the terms of this Agreement or the Services to any other persons who do not have a legal need-to-know right. You covenant and agree to comply with all Security Procedures, set forth by the Bank, as may be amended from time to time, and to maintain the confidentiality of the Services, all User IDs and passwords, which you adopt or which are assigned to you, and authentication security controls. Furthermore, you covenant and agree to take necessary and reasonable measures to prevent any unauthorized access to the Services. You agree to notify us immediately as set forth in this Agreement, if you believe that your User IDs or passwords have been compromised or that an unauthorized person has gained access to the Services. As applicable by law, you may be responsible and liable for any damages, losses, fees, costs, or expenses which arise out of your failure to maintain sufficient and reasonable security controls on the Confidential Information entrusted to you. If you use the Services in connection with any Business Account (based on availability and subject to Bank's approval), you acknowledge and agree that you have reviewed the Security Procedures and that you have independently determined that the Security Procedures (1) are a commercially reasonable method of providing security against unauthorized payments, transfers, access, and other intrusions and (2) are adequate based on the size, type, and frequency of payment orders and/or transfer requests and the Services that you use. You further agree that you are responsible for ensuring that the Security Procedures continue to be commercially reasonable for your use of the Services, and the Security Procedures are reasonable and sufficient at all times. You agree to notify us immediately in writing if you determine the Security Procedures are insufficient for your use of the Services. The occurrence of any unauthorized access or disclosure shall not affect any payments or transfers made in good faith by the Bank, prior to receipt of any notification regarding security; the Bank shall have a reasonable time to act upon notifications from you.
Security Measures and Operating Procedures. The Company recognizes that the Service is operated by a third party and agrees to comply with such procedures and requirements as may be established from time to time by the operator of the Service or by ASB. The Company shall not disclose any proprietary information regarding the Service to any third party, and shall comply with such security measures and recognition procedures as may be established from time to time by ASB or by the operator of the Service. The Company authorizes ASB to act upon ALL communications ASB receives through the Service (for example, but not limited to, the transfer of funds between accounts or loan advances). The Company agrees not to give or make available the username or password or other means to access the Accounts via the Service to anyone other than the User. If the Company permits persons other than the User to use the Service or the password or other means to access the Accounts, the Company is responsible for any transactions that occur. The Company shall notify ASB immediately, by telephone and in writing, if the Company knows or believes that the username or password for the Service is known to an unauthorized person or that an unauthorized person accessed the Service and Accounts. Telephone notice shall be given by calling (000) 000-0000 or 0-000-000-0000 from 8:00 a.m. to 7:00 p.m. (HST), Monday through Friday, and from 9:00 a.m. to 3:00 p.m. (HST)
Security Measures and Operating Procedures a. Company agrees not to disclose any confidential or proprietary information regarding the System, Services, or other procedures or operations of Bank or its third party vendors, to any third parties. Company further agrees to comply with all Security Procedures set forth herein. Company agrees that it is primarily responsible for ensuring that the Security Procedures are commercially reasonable and adequate, at all times for Company and that Company shall notify the Bank immediately in writing if Company’s security fails to meet the minimum standards set forth by the Security Procedures. Bank shall have no liability for Company’s failure to maintain adequate and reasonable security measures, precautions, and procedures and Company agrees to indemnify, defend, and hold harmless Bank, its shareholders, officers, directors, employees, agents, representatives, parent company, affiliates, subsidiaries, and divisions from any claims or damages from a third party for Company’s failure to maintain a secure system and follow the Security Procedures. Company acknowledges and agrees that the Security Procedures are commercially reasonable with industry practices and Company agrees to work with Bank in updating and maintain reasonable ongoing Security Procedures.
Security Measures and Operating Procedures
