Common use of Internal Procedures Clause in Contracts

Internal Procedures. The Customer acknowledges the importance of developing, and its obligation to the Bank to develop, internal procedures, systems and resources, to limit risk in connection with the Customer’s use of the Services, which procedures, systems and resources will include, at a minimum: (a) De-activating user access rights for any person no longer authorized by the Customer to use the Services and notifying the Bank immediately when the person is no longer authorized as a user; (b) Not keeping lists of authorized user names and passwords together in any form; (c) Notifying the Bank immediately when compromise of any passwords is suspected; (d) Maintaining procedures, systems and resources, including fire-walls, anti-virus software, spyware and adware removal tools, and other industry recommended procedures, systems and resources to prevent breaches of Customer’s system; (e) Notifying the Bank immediately when the Customer becomes aware of, or suspects, any loss, theft or unauthorized use in connection with any Service; and (f) Complying with all recommendations provided from time to time in the applicable Reference Supplement or notice from the Bank.

Internal Procedures. The Customer acknowledges the importance of developing, and its obligation to the Bank to develop, internal procedures, systems and resources, resources to limit risk in connection with the Customer’s use of the Services, which procedures, systems and resources will include, at a minimum: (a) De-activating user access rights for any person no longer authorized by the Customer to use the Services and notifying the Bank immediately when the person is no longer authorized as a user; (b) Not keeping lists of authorized user names and passwords together in any form; (c) Notifying the Bank immediately when compromise of any passwords is suspected; (d) Maintaining procedures, systems and resources, including fire-walls, anti-virus software, spyware and adware removal tools, and other industry recommended procedures, systems and resources to prevent breaches of Customer’s system; (e) Notifying the Bank immediately when the Customer becomes aware of, or suspects, any loss, theft or unauthorized use in connection with any Service; and (f) Complying with all recommendations provided from time to time in the applicable Service Supplement, Reference Supplement or notice from the Bank.