Common use of Prevention of Unauthorized Use Clause in Contracts

Prevention of Unauthorized Use. Participant agrees that it will comply, and agrees to require any applicable third party to comply, with all reasonable security specifications or requirements of NASD including, if applicable, the installation of digital certificates for each of Participant’s users, in order to prevent the Service or Information and Data from being improperly accessed, received, used or improperly taken from any of Participant’s, or any applicable third party’s, place(s) of business or residence. NASD shall give Participant prior Notice of any such specifications or requirements. For the purpose of determining compliance with this subsection, at any and all times, any and all individuals designated by NASD shall have (i) access to the place(s) of business or residence where the Service and Information and Data are accessed, received or used and (ii) the right to observe the access, receipt and use of the Service and the Information and Data.