Common use of Process To Report Security Related Incidents Clause in Contracts

Process To Report Security Related Incidents. Each Party shall have a process in place to report to the other Party any known or reasonably suspected Security Related Incident. In the event either Party discovers or reasonably suspects a Security Related Incident, such Party shall notify the other Party immediately upon initial detection, and in no event later than twenty four (24) hours after the initial detection.

Appears in 2 contracts

Sources: Servicing Agreement, Servicing Agreement (Neiman Marcus, Inc.)