Common use of Security Protection Clause in Contracts

Security Protection. Instinet shall be responsible for developing and maintaining physical security measures for the Data Center and for the Subscriber Cabinet that define specific requirements in regard to monitoring controls and procedures assigned for the security and safety of the Subscriber Systems and are consistent with customary industry standards. If at any time Instinet becomes aware that any of the security measures in place for any portion of the Data Center or any portion of the Subscriber Cabinet are compromised or otherwise violated or may be inadequate, Instinet shall provide notice of such event as soon as reasonably practicable to Subscriber in accordance with such notification and escalation call lists as Subscriber shall have, from time to time, provided to Instinet. In the event of a breach of the security measures, upon reasonable request, Instinet shall permit Subscriber to inspect the automatic security logs within twenty-four (24) hours following the receipt of such notice.