Common use of OBLIGATIONS OF THE ENTITY Clause in Contracts

OBLIGATIONS OF THE ENTITY. The ENTITY undertakes through this Agreement to: i. Use the Service in accordance with the procedures, formats and technical specifications set out in the Service Regulations, and adopt the measures required for efficient use of the Service. ii. Retain the status of Participant in the System at all times and comply with the rules that govern this System. iii. Verify the validity and term of the financial transactions and of the collateral agreements with its respective counterparties, assuming that such verifications are the sole responsibility of the ENTITY and its counterparty. iv. Adopt all security measures to protect the CollPoint application and the other systems provided to the ENTITY by IBERCLEAR and which support the provision of the Service vis-à-vis unauthorised use. v. Adopt all appropriate security measures to avoid damage to the CollPoint application and to the other systems provided to the ENTITY by IBERCLEAR and which support the provision of the Service and, specifically, those which are required to avoid the introduction into the information technology elements of any type of malicious code (malware).