User IDs and Passwords. ICE may, in its sole and absolute discretion, issue to Participant, through its employees or ICE-approved third party agents designated as its administrator(s) with respect to Participant’s receipt of the Platform Services (“Participant User Administrator”), one or more user IDs and passwords (collectively, the "Passwords") for use exclusively by employees or ICE- approved third party agents (“Authorized Agents”) of Participant or a Participant affiliate that are properly authorized to receive the Platform Services on behalf of Participant. In no event will Participant provide IDs or Passwords to any third parties. The initial Participant User Administrator(s) for Transactions, if applicable, are identified on the signature page hereof and Participant will notify ICE promptly of any change in its Participant User Administrator(s). Participant will be solely responsible for controlling and monitoring the use of the Passwords, will provide the Passwords only to its Authorized Agents, and will not provide the Passwords to any third party other than an Authorized Agent. Participant will immediately notify ICE of any unauthorized disclosure or use of the Passwords or receipt of the Platform Services or of the need to deactivate any Passwords. Participant acknowledges and agrees that it will be bound by any actions taken through the use of its Passwords (except through the fault or negligence of ICE), including the Execution of Transactions and the receipt of Platform Services, whether or not such actions were authorized. Participant will only use the Passwords from the jurisdictions specified by Participant and accepted by ICE. The Participant User Administrator(s) shall be responsible for all communications between ICE and Participant and any notices or other communications sent to a Participant User Administrator by ICE shall be binding on Participant.
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Samples: Ice Otc Participant Agreement
User IDs and Passwords. ICE Trade Vault may, in its sole and absolute discretion, issue to Participant, through its employees or ICE-approved third party agents designated as its administrator(s) with respect to Participant’s receipt use of the Platform Services System (“Participant User Administrator”), one or more user IDs and passwords (collectively, the "Passwords") for use exclusively by employees or ICE- ICE Trade Vault-approved third party agents (“Authorized Agents”) of Participant or a Participant affiliate that are properly authorized to receive access the Platform Services ICE eConfirm Service on behalf of Participant. In no event will Participant provide IDs or Passwords to any third parties. The initial Participant User Administrator(s) for Transactions, if applicable, the ICE eConfirm Service are identified on at the signature page hereof end of this ICE eConfirm Agreement and Participant will notify ICE Trade Vault promptly of any change in its Participant User Administrator(s). Participant will be solely responsible for controlling and monitoring the use of the Passwords, will provide the Passwords only to its Authorized Agents, and will not provide the Passwords to any third party other than an Authorized Agent. Participant will immediately notify ICE Trade Vault of any unauthorized disclosure or use of the Passwords or receipt of access to the Platform Services ICE eConfirm Service or of the need to deactivate any Passwords. Participant acknowledges and agrees that it will be bound by any actions taken through the use of its Passwords (except through the fault or negligence of ICEICE Trade Vault), including the Execution Confirmation of Transactions Trades and the receipt of Platform ServicesBroker Confirmations, whether or not such actions were authorized. Participant will only use the Passwords from the jurisdictions specified by Participant and accepted by ICE. The Participant User Administrator(s) Administrator shall be responsible for all communications between ICE and Participant and any notices or other communications sent to a Participant User Administrator by ICE shall be binding on Participant.Formatted: Font: +Body (Calibri), 14 pt, Not Italic
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User IDs and Passwords. ICE may, in its sole and absolute discretion, issue to Participant, through its employees or ICE-approved third party agents designated as its administrator(s) with respect to Participant’s receipt of the Platform Services (“Participant User Administrator”), one or more user IDs and passwords (collectively, the "Passwords") for use exclusively by employees or ICE- ICE-approved third party agents (“Authorized Agents”) of Participant or a Participant affiliate that are properly authorized to receive the Platform Services on behalf of Participant. In no event will Participant provide IDs or Passwords to any third parties. The initial Participant User Administrator(s) for Transactions, if applicable, are identified on the signature page hereof and Participant will notify ICE promptly of any change in its Participant User Administrator(s). Participant will be solely responsible for controlling and monitoring the use of the Passwords, will provide the Passwords only to its Authorized Agents, and will not provide the Passwords to any third party other than an Authorized Agent. Participant will immediately notify ICE of any unauthorized disclosure or use of the Passwords or receipt of the Platform Services or of the need to deactivate any Passwords. Participant acknowledges and agrees that it will be bound by any actions taken through the use of its Passwords (except through the fault or negligence of ICE), including the Execution of Transactions and the receipt of Platform Services, whether or not such actions were authorized. Participant will only use the Passwords from the jurisdictions specified by Participant and accepted by ICE. The Participant User Administrator(s) shall be responsible for all communications between ICE and Participant and any notices or other communications sent to a Participant User Administrator by ICE shall be binding on Participant.
Appears in 1 contract
Samples: Ice Otc Participant Agreement