Security Issue Procedures Sample Clauses

Security Issue Procedures. In the event Vendor becomes aware of a Security Issue with respect to a given Listed Product of Vendor (or TPS or Component incorporated into such Listed Product), Vendor shall comply with its Vulnerability Handling Policies and, promptly (but in any event within 90 days of so becoming aware) provide written notice of such Security Issue to PCI SSC (each a “Security Issue Notice”), including in such notice: (1) the names, PCI SSC approval numbers and any other relevant identifiers of each Listed Product of Vendor that Vendor reasonably believes may be impacted by such Security Issue; (2) a description of the general nature of the Security Issue; (3) Vendor’s good faith assessment, to Vendor’s knowledge at the time, as to the severity of the vulnerability or vulnerabilities associated with the Security Issue (using CVSS scoring or an alternative industry accepted standard that is reasonably acceptable to PCI SSC) (a “Severity Assessment”); and (4) Vendor’s good faith determination, based on Vendor’s knowledge at the time, as to whether the Security Issue is a Unique Security Issue (a “Uniqueness Determination”). Upon receipt of any Security Issue Notice, PCI SSC may, in its sole discretion and without any further action: (1) Revoke the Listed Product(s) identified therein and (2) take any or all other action(s) permitted under this Agreement or the Program Documents in connection with a Security Issue. A Listed Product delisted (and/or with respect to which Acceptance has been Revoked) in connection with a Security Issue will not be reinstated or re-listed until all of the following conditions have been satisfied to PCI SSC’s satisfaction: (1) Vendor has released and made available to all users of such Product an appropriate Fix resolving such Security Issue; (2) Vendor has fully executed all of its responsibilities to communicate regarding such Security Issue with all applicable Vendor Customers in accordance with Vendor's Vulnerability Handling Policies; (3) Vendor has engaged an Assessor to perform a Contracted Assessment of such Product as corrected by the Fix (or, if approved by PCI SSC, a Contracted Assessment of the Fix in conjunction with such Product) in accordance with the applicable Program Requirements; (4) Vendor has fully apprised such Assessor of such Security Issue prior to such Assessor commencing such Contracted Assessment; (5) as a result of such Contracted Assessment, such Assessor has delivered to PCI SSC, and PCI SSC has Accepted, a co...
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Security Issue Procedures. (A) In the event Vendor becomes aware of a Security Issue with respect to a given Listed Product of Vendor (or TPP incorporated into or referenced by any such Listed Product), Vendor shall comply with its Vulnerability Handling Policies and, promptly (but in any event within 90 days of so becoming aware) provide written notice of such Security Issue to PCI SSC (each a “Security Issue Notice”), including in such notice: (1) the names, PCI SSC approval numbers and any other relevant identifiers of each Listed Product of Vendor (and any TPPs incorporated therein or referenced thereby) that Vendor reasonably believes may be impacted by such Security Issue; (2) a description of the general nature of the Security Issue; (3) Vendor’s good faith assessment, to Vendor’s knowledge at the time, as to the severity of the vulnerability or vulnerabilities associated with the Security Issue (using CVSS scoring or an alternative industry accepted standard that is reasonably acceptable to PCI SSC) (a “Severity Assessment”); and (4) Vendor’s good faith determination, based on Vendor’s knowledge at the time, as to whether the Security Issue is a Unique Security Issue (a “Uniqueness Determination”).
Sample 1
Security Issue Procedures. (A) In the event Vendor becomes aware of a Security Issue with respect to a given Product of Vendor, Vendor shall promptly (but in any event within 24 hours) provide written notice of such Security Issue to PCI SSC (each a “Security Issue Notice”), including in such notice: (1) the name, PCI SSC approval number and any other relevant identifiers of the Product; (2) a description of the general nature of the Security Issue; (3) Vendor’s good faith assessment, to Vendor’s knowledge at the time, as to the severity of the vulnerability or vulnerabilities associated with the Security Issue (using CVSS scoring or an alternative industry accepted standard that is reasonably acceptable to PCI SSC) (a “Severity Assessment”); and (4) Vendor’s good faith determination, based on Vendor’s knowledge at the time, as to whether the Security Issue is a Unique Security Issue (a “Uniqueness Determination”).
Sample 1

Related to Security Issue Procedures

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement.

  • Administrative Procedures Administrative procedures with respect to the sale of Notes shall be agreed upon from time to time by the Agents and the Company (the "Procedures"). The Agents and the Company agree to perform the respective duties and obligations specifically provided to be performed by them in the Procedures.

  • Funding Procedures Not later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Loans, each of the Banks will make available to the Agent, at its Head Office, in immediately available funds, the amount of such Bank's Commitment Percentage of the amount of the requested Loans. Upon receipt from each Bank of such amount, and upon receipt of the documents required by ss.ss.11 and 12 and the satisfactIon of the other conditions set forth therein, to the extent applicable, the Agent will make available to the Borrower the aggregate amount of such Loans made available to the Agent by the Banks. The failure or refusal of any Bank to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Loans shall not relieve any other Bank from its several obligation hereunder to make available to the Agent the amount of such other Bank's Commitment Percentage of any requested Loans.

  • AML/KYC Procedures “AML/KYC Procedures” means the customer due diligence (CDD) procedures of a Reporting Financial Institution pursuant to the anti-money laundering or similar requirements of the jurisdiction concerned to which such Reporting Financial Institution is subject.

  • Security Procedures The Fund shall comply with data access operating standards and procedures and with user identification or other password control requirements and other security procedures as may be issued from time to time by State Street for use of the System on a remote basis and to access the Data Access Services. The Fund shall have access only to the Fund Data and authorized transactions agreed upon from time to time by State Street and, upon notice from State Street, the Fund shall discontinue remote use of the System and access to Data Access Services for any security reasons cited by State Street; provided, that, in such event, State Street shall, for a period not less than 180 days (or such other shorter period specified by the Fund) after such discontinuance, assume responsibility to provide accounting services under the terms of the Custodian Agreement.

  • Loan Procedures  (a) Loans will be provided under the default loan procedures set forth in Section 13 of the Plan, unless modified under this Appendix B.  (b) Loans will be provided under a separate written loan policy. [If this subsection (b) is checked, do not complete the rest of this Appendix B.]

  • Application Procedures a) An employee applies for a listing on the system-wide registry through the employee’s Human Resources Department by completing the form in Appendix B.

  • Auction Procedures (a) By 10:30 AM New York time on the fifth Business Day preceding the Auction Payment Date (the “Notice Date”), the Auction Administrator will deliver a notice (telephonically and by facsimile transmission) to Credit Suisse Securities (USA) LLC (“CSS”) (which form of notice is attached hereto as Exhibit A) and at least two other entities listed on Schedule A hereto (which Schedule A may be amended by delivery of a revised Schedule A by CSS to the Auction Administrator) or any successors thereof (together with CSS, the “Dealers”) selected by CSS by the Notice Date and request that they solicit bids from third-party investors, which may include Dealers (the “Bidders”). The Auction Administrator will contact the Dealers via Exhibit A and request that they solicit Qualifying Bids (as defined below) from the Bidders for the purchase of all or a portion of the Auction Notes, and will request that the Bidders respond to the Dealers, who in turn will convey such bids to the Auction Administrator, by 11:00 AM New York time on the second Business Day prior to the Auction Payment Date (the “Bid Date”). The Auction Administrator will instruct the Dealers to instruct the Bidders that (i) the bids must be submitted on an unconditional basis, (ii) the bids should be submitted as a percentage of par (after application of all principal to be distributed, and all Realized Losses and Recoveries to be allocated on the Auction Payment Date, and (iii) the price to be paid in connection with a winning bid must be deposited into the Auction Proceeds Account (as defined in Section 3(a) of this Agreement) not later than 11:00 AM New York time on the Auction Payment Date (any bid conforming to the requirements of clauses (i) - (iii) being a "Qualifying Bid"). The Auction Administrator will request from each Bidder, through the Dealers, instructions for transfer on the Auction Payment Date to the Bidder (or its designee) of the Auction Notes of each Class on which such Bidder is bidding in the event that such Bidder is the winning Bidder.

  • Disbursement Procedures The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement.

  • RECOVERY PROCEDURES The nature and severity of any disaster will influence the recovery procedures. One crucial factor in determining how BellSouth will proceed with restoration is whether or not BellSouth's equipment is incapacitated. Regardless of who's equipment is out of service, BellSouth will move as quickly as possible to aid with service recovery; however, the approach that will be taken may differ depending upon the location of the problem.

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