Business
Description:Summarize and points risks of contract fragments
Example:ooo legal In no event shall the Account Bank be liable for any Losses arising from the Account Bank receiving or transmitting any data to the Issuer and/or the Trustee (or any Authorised Person) via any non-secure method of transmission or communication, such as, without limitation, by facsimile or email. The Issuer and the Trustee accept that some methods of communication are not secure and the Account Bank shall incur no liability for acting upon any notice, Instructions or other communications received by any such non-secure method.
The Issuer and the Trustee agree that the security procedures, if any, to be followed in connection with a transmission of any such notice, Instructions or other communications,
provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances.
The Issuer and the Trustee agree that the security procedures, if any, to be followed in connection with a transmission of any such notice, Instructions or other communications,
provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances.
Result:Summary:
-The account bank is not liable for any losses arising from the account bank receiving or transmitting any data to the issuer and/or the trustee (or any authorised person) via any non-secure method of transmission or communication, such as by facsimile or email.
-The issuer and the trustee accept that some methods of communication are not secure and the account bank shall incur no liability for acting upon any notice, instructions or other communications received by any such non-secure method.
-The security procedures, if any, to be followed in connection with a transmission of any such notice, instructions or other communications must provide a commercially reasonable degree of protection in light of the particular needs and circumstances.
Legal Risks for Both Parties:
-The account bank may have to accept liability for losses if the security procedures are not followed or are inadequate.
-The issuer and trustee may be liable for any data breaches due to their negligence of
-The account bank is not liable for any losses arising from the account bank receiving or transmitting any data to the issuer and/or the trustee (or any authorised person) via any non-secure method of transmission or communication, such as by facsimile or email.
-The issuer and the trustee accept that some methods of communication are not secure and the account bank shall incur no liability for acting upon any notice, instructions or other communications received by any such non-secure method.
-The security procedures, if any, to be followed in connection with a transmission of any such notice, instructions or other communications must provide a commercially reasonable degree of protection in light of the particular needs and circumstances.
Legal Risks for Both Parties:
-The account bank may have to accept liability for losses if the security procedures are not followed or are inadequate.
-The issuer and trustee may be liable for any data breaches due to their negligence of
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