Transfer Security Clause Samples
Transfer Security. On or prior to the end of the twenty-first (21st) Contract Year, the Project Company shall deliver to GPA a security deposit in the amount of US$15,000,000 (the “Transfer Security”). The security deposit shall be issued in one of the forms set out in Article 6 as security for performance of the Project Company’s obligations under this ARTICLE 18. The deposit shall remain valid for one (1) year subsequent to the date of Facility Transfer. In the event that Project Company has not delivered the security deposit in favor of GPA by the end of the twenty-first (21st) Contract Year, GPA shall have the right to withhold payments to Project Company (including payment amounts owed pursuant to Article 14) up to the Transfer Security amount. CHOICE OF
Transfer Security. (a) The system prevents personal data from being read, copied, modified or deleted without authorisation, particularly during transport.
(b) Security during electronic transfers:
(i) Encryption via TLS (Transport Layer Security, 128bit PKCS 1 SHA-1 RSA SSL encryption);
(ii) Server management via SSH;
(iii) Setup of VPN at the client’s request and site-to-site;
(c) Firewall:
(i) Locally, a firewall with iptables is active on all servers. Aside from SSH, all ports are locked and can only be unlocked by services booked previously for this purpose.