Common use of Responsibility for Loss Clause in Contracts

Responsibility for Loss. If, despite Customer efforts, Customer suffers any damage or loss as a result of Customer’s failure to comply with its data security obligations, and regardless of whether such damage or loss results from the activities of Customer’s employees, agents, subcontractors or any unaffiliated third party, any such loss or damage shall be the sole responsibility of Customer.

Appears in 2 contracts

Samples: Treasury Management Services, Management Services Agreement

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Responsibility for Loss. If, despite Customer Client’s efforts, Customer Client suffers any damage or loss as a result of CustomerClient’s failure to comply with its data security obligations, and regardless of whether such damage or loss results from the activities of CustomerClient’s employees, agents, subcontractors or any unaffiliated third party, any such loss or damage shall be the sole responsibility of CustomerClient.

Appears in 2 contracts

Samples: Treasury Management Services Agreement, Treasury Management Services Agreement

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Responsibility for Loss. If, despite Customer efforts, If Customer suffers any damage or loss as a result of Customer’s failure to comply with its data security obligations, and regardless of whether such damage or loss results from the activities of Customer’s employees, agents, subcontractors or any unaffiliated third party, any such loss or damage shall be the sole responsibility of Customer.

Appears in 1 contract

Samples: www.affiliatedbank.com

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