Entruster definition

Entruster means the person who has or directly or by agent takes a security interest in goods, documents or instruments under a trust receipt transaction, and any successor in interest of such person. A person in the business of selling goods or instruments for profit, who at the outset of the transaction has, as against the buyer, general property in such goods or instruments, and who sells the same to the buyer on credit, retaining title or other security interest under a purchase money mortgage or conditional sales contract or otherwise, is excluded.
View Source
Entruster means the person who has lord.
View Source

Examples of Entruster in a sentence

  • In the event of damage caused by actions undertaken by the Processor, the Processor shall be liable as guilty of the actual damage incurred by the Entruster.

  • In entrusting a broader scope of personal data than in § 3(1) of the PDPA (in particular special categories of personal data/sensitive data), the Entruster is obliged to indicate in the Order Form a new scope of personal data that will be entrusted on the date of the Agreement.

  • The Entruster entrusts to the Processor lawfully collected personal data.

  • If the scope of processed personal data changes during the execution of the Agreement, the Entruster is obliged to indicate a new scope of personal data to the Processor.

  • Before starting the audit activities, the Parties (and an external auditor appointed by the Entruster, if applicable) will sign an appropriate confidentiality agreement.

  • The Processor shall be excluded from liability for adequately securing personal data in accordance with this PDPA in the part of the information system administered by the Entruster.

  • Parties agree that for the purpose of fulfilling statutory obligations imposed by law, these being, in particular, the provisions of GDPR and the provisions of other Member States data protection laws that apply to the Agreement as well as the proper performance of the Agreement, the Entruster, entrusts the Processor with the processing of personal data in the scope as defined by this PDPA.

  • The Entruster is entitled to carry out, not more than once during each subsequent calendar year, an audit of the security of personal data processing, in terms of compliance of their processing with the PDPA and applicable law, in particular the GDPR.

  • It consists in sending by the Entruster to the Processor questions regarding the compliance of the processing by the Processor of the entrusted personal data with the PDPA, the GDPR or the provisions of generally applicable law on the protection of personal data, including the security measures applied.

  • The Entruster undertakes to keep the above-mentioned information confidential.