Common use of Accuracy of Information, Transmissions Through, and Access to NETWORKING Clause in Contracts

Accuracy of Information, Transmissions Through, and Access to NETWORKING. Any information provided by Vanguard to the Firm through NETWORKING and pursuant to this Agreement shall be accurate, complete and, if through NETWORKING, in the format prescribed by the NSCC. Vanguard shall adopt, implement and maintain procedures reasonably designed to ensure the accuracy of all transmissions though NETWORKING and to limit access to, and the inputting of data into, NETWORKING to persons specifically authorized by Vanguard. In the event the NETWORKING system rejects any transmission by Vanguard to the Firm, if the entire file is rejected, Vanguard will resend the file, and if an individual record in the file is rejected, Vanguard will provide the relevant information to the Firm manually.

Appears in 2 contracts

Sources: Networking Agreement (Massachusetts Mutual Variable Life Separate Account I), Networking Agreement (Massachusetts Mutual Variable Life Separate Account I)