Examples of Supplier Systems in a sentence
Supplier shall, consistent with Industry Standards and its Security obligations under these Requirements, (i) collect and record information and (ii) maintain logs, planning documents, audit trails, records and reports concerning (a) its Security, (b) its compliance with these Requirements, Privacy and Security Laws and Security Breaches, (c) its storage, processing and transmission of Buyer Data and (d) the accessing and use of Supplier Systems.
If providing such Customized Services is not practicable given the Supplier Systems, Recipient may purchase such services from a third party, provided that the Parties must agree on (A) the activities required to transition the affected Services from Supplier to such third party, (B) the impact on the remaining Services, and (C) the Charges associated with removing such Services and (D) the Charges for the remaining Services.
In the case of any recognized, suspected, or attempted physical or logical breach involving the security of PSE systems that PSE reasonably suspects to be related to Supplier Systems or the usage thereof, Supplier shall cooperate with PSE’s investigation of such breach and provide PSE any mitigating controls or patches to limit related cybersecurity risk.
The report must include: (i) whether the audit revealed any material vulnerability in the Supplier Systems; and (ii) if any material vulnerability is revealed, the nature of those vulnerabilities.
Its purpose is profit making and persons can be assumed legally as trader if they involves in commercial business activities as professional (permanently engaging in profit making activities).