NPPI Clause Samples
The NPPI (Nonpublic Personal Information) clause defines how parties handle and protect sensitive personal information that is not publicly available. Typically, this clause outlines the types of information considered NPPI, such as social security numbers, financial account details, or other identifying data, and sets requirements for safeguarding this information against unauthorized access or disclosure. Its core practical function is to ensure compliance with privacy laws and regulations, thereby protecting individuals' privacy and reducing the risk of data breaches or misuse.
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NPPI. “Nonpublic personal information” as that term is defined in the ▇▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Act of 1999. OCC: The Office of the Comptroller of the Currency or any successor thereto. P&I: Principal and interest.
NPPI. For the avoidance of doubt, Confidential Information includes, with respect to each party to this Agreement, such party’s Data Protection Program (including the Data Safeguards established pursuant to such Data Protection Program), its Business Continuity Plan, proprietary non-public materials with respect to EVERTEC’s physical security systems, access control systems, recovery equipment and techniques and all reports and information regarding the Merchant Services other than reports and information that are specifically designated as public. For the avoidance of doubt, BPPR’s Confidential Information includes all BPPR Data. EVERTEC’s Confidential Information shall not include any (1) Intellectual Property, books and records or other information or materials acquired pursuant to the Asset Purchase Agreement (except to the extent that any books and records are designated as confidential information of EVERTEC pursuant to the Asset Purchase Agreement), or (2) modifications, enhancements or derivative works based on such Intellectual Property in the immediately preceding clause (1).