Security Incident definition
Examples of Security Incident in a sentence
The Custodian will notify the Client, as promptly as reasonably possible under the circumstances, upon learning of a Security Incident (as defined below) involving a Portfolio’s Confidential Information or Personal Information.
The Custodian will notify the Client of a Security Incident as soon as reasonably practicable after the Custodian becomes aware of it, unless the Custodian is subject to a legal or regulatory constraint, or if it would compromise the Custodian’s investigation.
Except as would not reasonably be expected to have a Material Adverse Effect, neither the Borrower, any Subsidiary, nor any Products, nor to the Borrower’s knowledge any Data Processors with respect to Personal Data processed on behalf of the Borrower or any Subsidiary, have experienced, since [***], any Security Incident, which would require notice to any Person pursuant to any Privacy Requirement.
In the event of a Security Incident the Custodian acknowledges that Client may suffer irreparable harm and that monetary damages may not be an adequate remedy.
Therefore, the Custodian consents to Client obtaining an injunction or other equitable relief enforcing the obligations under the Agreement with respect to a Security Incident.