Retain Data Clause Samples
The "Retain Data" clause establishes the obligation for one or both parties to preserve certain data for a specified period. Typically, this clause outlines what types of data must be retained, such as business records, communications, or transaction logs, and may specify the duration and format of retention. Its core practical function is to ensure that relevant information remains available for future reference, audits, legal compliance, or dispute resolution, thereby reducing the risk of data loss or non-compliance with regulatory requirements.
Retain Data. Ensure that Monitors, in addition to all other requirements contained herein, perform the following:
Retain Data. The MEMBER shall retain data on file adequate to permit remaking of Entries for five (5) business days following the date of their transmittal by the Credit Union as provided here, and shall provide such data to the Credit Union upon its request. The MEMBER shall retain a reproducible and legible copy of the source document used to initiate a check entry for two (2) years from the Settlement Date, and will provide it to the ODFI upon request, in a timeframe sufficient for the ODFI to provide such copy to the RDFI within ten (10) banking days, in compliance with the Rules.
Retain Data. If Harmony determines that returning or destroying PI when required under the Contract is not feasible, Harmony shall provide EOHHS with written notification of the conditions that make return or destruction not feasible. If based on Harmony’s representations, EOHHS concurs that return or destruction is not feasible, Harmony shall extend all protections set forth in this section to all such PI and shall limit further uses and disclosures of such data to those purposes that make the return or destruction of such data not feasible, for as long as Harmony maintains the data.