THIRD PARTY/SUB-CONTRACTOR RELATIONSHIP Sample Clauses

THIRD PARTY/SUB-CONTRACTOR RELATIONSHIP. 10.1 The Supplier shall ensure that, for any service required to supported by a third party, shall only be obtained from service providers capable of providing security controls no less rigorous than those that the Supplier is required to comply under the Agreement and this Schedule. Such services shall be provided under appropriate contracts which include as a minimum all security terms set out in this Schedule and the Agreement. 10.2 The Supplier shall ensure that all agreements with sub- contractors include a right for the Supplier to conduct a security assessment and/or audit for the purposes of ensuring they are meeting the Supplier’s obligations under this Schedule and the Agreement. 10.3 The Supplier shall have a documented process for assessing sub-contractors and other third parties for compliance with security controls requirements. The process shall include the scheduling of third-party assurance activity, identification of gaps, reporting and tracking of remediation where required. 10.4 The Supplier shall ensure that there is an agreed, documented process which is implemented for handling the termination of third-party agreements with third parties or sub-contractors.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to THIRD PARTY/SUB-CONTRACTOR RELATIONSHIP

  • Independent Contractor Relationship Both parties hereto, in the performance of this Contract, shall act in an individual capacity and not as agents, employees, partners, joint ventures or associates of one another. The employees or agents of one party shall not be deemed or construed to be the employees or agents of the other party for any purposes whatsoever.

  • Subcontractor Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly understood by participants in the mortgage-backed securities market) of Mortgage Loans but performs one or more discrete functions identified in Item 1122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of the Servicer or a Subservicer.

  • Independent Contractor Status The Sub-Adviser shall for all purposes hereof be deemed to be an independent contractor and shall, unless otherwise provided or authorized, have no authority to act for or represent the Trust or the Adviser in any way or otherwise be deemed an agent of the Fund or the Adviser.

  • INDEPENDENT RELATIONSHIP This Agreement is not intended to constitute, create, give effect to or otherwise recognize a joint venture, partnership, or formal business organization, or agency agreement of any kind, and the rights and obligations of the Parties shall be only those expressly set forth herein.

  • Separate Contractor Any person or entity other than Contractor that enters into an agreement with Owner to perform the construction of all or any portion of the construction on a Project.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!