Common use of Media Destruction Clause in Contracts

Media Destruction. Transfer Agent shall destroy removable media and any mobile device (such as discs, USB drives, DVDs, back-up tapes, laptops and PDAs) containing Fund Data or use commercially reasonable efforts to render Fund Data on such physical media unintelligible if such media or mobile device is no longer intended to be used. All backup tapes that are not destroyed must meet the level of protection described in this Security Schedule until destroyed or rendered irretrievable.

Appears in 95 contracts

Samples: Transfer Agency and Service Agreement (Federated Municipal Securities Income Trust), Transfer Agency and Service Agreement (Federated Hermes Managed Pool Series), Transfer Agency and Service Agreement (Federated Hermes Index Trust)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.