Common use of Incident Management/Notification of Breach Clause in Contracts

Incident Management/Notification of Breach. Custodian will maintain an incident response plan that specifies actions to be taken when Custodian or one of its subcontractors suspects or detects that a party has gained unauthorized access to Fund Confidential Information or systems or applications containing any Fund Confidential Information (the “Response Plan”). Such Response Plan will include an escalation procedure that includes notification to senior managers and reporting to regulatory and law enforcement agencies, when and if applicable. Custodian will use commercially reasonable efforts to investigate, remediate and mitigate such unauthorized access.