Common use of Processor designation Clause in Contracts

Processor designation. The parties acknowledge and agree that with respect to the Customer Personal Information that ▇▇▇▇▇▇▇▇▇.▇▇▇ Processes to provide the Transaction Services, which Processing may include, by way of example and for illustrative purposes the Processing detailed on Details of Processing Customer Personal Information (Exhibit 2), that ▇▇▇▇▇▇▇▇▇.▇▇▇ is a “processor” or “service provider” under Applicable Data Protection Laws acting on Customer's instructions (referred to as “Processor” for purposes of this DPA).