Security of Company Clause Samples

The 'Security of Company' clause establishes measures to protect the company's assets, information, and operations from unauthorized access, misuse, or harm. It typically outlines the responsibilities of employees, contractors, or third parties in safeguarding confidential data, physical property, and digital systems, and may require adherence to specific security protocols or reporting of security breaches. This clause serves to minimize risks related to theft, data breaches, or other security incidents, thereby ensuring the ongoing integrity and safety of the company's resources.
Security of Company. The Secured Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the following, whether now owned or hereafter acquired, including all books and records and other recorded data in each case relating to the following: (a) "
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Security of Company. 44 6.2. Guaranties and Security of Restricted Subsidiaries. 45 6.3.
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Security of Company provided individual accounts
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Security of Company. The parties hereto acknowledge and agree that at such time as either of the following events occurs: (i) the ratio of Consolidated Total Funded Debt at the end of any fiscal quarter to EBITDA for the Reference Period then ended shall be 2.25x or higher (except with respect to the fiscal quarter ending September 26, 2004, where such ratio shall be 2.50x or higher); or (ii) the Company's Rating drops below BB or Ba3; the Company shall, within sixty (60) Business Days of such event, cause the Obligations to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the following, whether then owned or thereafter acquired, including all books and records and other recorded data in each case relating to the following: (a) Inventory of the Company, and (b) the Company's U.S. trademarks (and U.S. applications and U.S. registrations thereof owned by the Company in its own name (except for "intent to use" applications for trademark registrations filed pursuant to Section 1(b) of the ▇▇▇▇▇▇ Act, unless and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of the ▇▇▇▇▇▇ Act has been filed)), U.S. copyrights (and U.S. applications and U.S. registrations thereof) and U.S. patents and U.S. patent applications, in each case relating exclusively to the Identified Brands (but with respect to the Playskool brand, no U.S. patents and U.S. patent applications, and only U.S. trademarks (and U.S. applications and U.S. registrations thereof (except for "intent to use" applications for trademark registrations filed pursuant to Section 1(b) of the ▇▇▇▇▇▇ Act, unless and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of the ▇▇▇▇▇▇ Act has been filed)) and U.S. copyrights (and U.S. applications and U.S. registrations thereof), in each case that did not arise from particular products, shall be included in the Collateral), in each case pursuant to the terms of and as and to the extent provided in the Company Security Agreement, the Trademark Agreement, the Patent Agreements and the Copyright Memorandum to which the Company will become a party pursuant to this section 6.2. Page 62 Without limiting the foregoing, in the event that following the grant of security interests under this section 6.2, any part of the Collateral is sold or otherwise disposed of in connection with a sale, disposition or other transaction permitted hereunder...
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Security of Company owned devices provided to USER
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Security of Company. 46 6.2. Guaranties and Security of Restricted Subsidiaries. 46 6.3. Release of Collateral. 47 6.4. Limitation of Security. 47 7. FEES. 47 7.1. Amendment Fee. 47 7.2. Agent's Fee. 47 8.
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Related to Security of Company

  • Security of Data a. Each of the parties shall: i. ensure as far as reasonably practicable, that Data is properly stored, is not accessible to unauthorised persons, is not altered, lost or destroyed and is capable of being retrieved only by properly authorised persons; ii. subject to the provisions of Sub-Clause 8.a. ensure that, in addition to any security, proprietary and other information disclosure provision contained in the Contract, Messages and Associated Data are maintained in confidence, are not disclosed or transmitted to any unauthorised person and are not used for any purpose other than that communicated by the sending party or permitted by the Contract; and iii. protect further transmission to the same degree as the originally transmitted Message and Associated Data when further transmissions of Messages and Associated Data are permitted by the Contract or expressly authorised by the sending party. b. The sending party shall ensure that Messages are marked in accordance with the requirements of the Contract. If a further transmission is made pursuant to Sub-Clause 3. a. iii. the sender shall ensure that such markings are repeated in the further transmission. c. The parties may apply special protection to Messages by encryption or by other agreed means, and may apply designations to the Messages for protective Interchange, handling and storage procedures. Unless the parties otherwise agree, the party receiving a Message so protected or designated shall use at least the same level of protection and protective procedures for any further transmission of the Message and its Associated Data for all responses to the Message and for all other communications by Interchange or otherwise to any other person relating to the Message. d. If either party becomes aware of a security breach or breach of confidence in relation to any Message or in relation to its procedures or systems (including, without limitation, unauthorised access to their systems for generation, authentication, authorisation, processing, transmission, storage, protection and file management of Messages) then it shall immediately inform the other party of such breach. On being informed or becoming aware of a breach the party concerned shall: i. immediately investigate the cause, effect and extent of such breach; ii. report the results of the investigation to the other party; and iii. use all reasonable endeavours to rectify the cause of such breach. e. Each party shall ensure that the contents of Messages that are sent or received are not inconsistent with the law, the application of which could restrict the content of a Message or limit its use, and shall take all necessary measures to inform without delay the other party if such an inconsistency arises.

  • Physical Security of Media DST shall implement controls, consistent with applicable prevailing industry practices and standards, that are designed to deter the unauthorized viewing, copying, alteration or removal of any media containing Fund Data. Removable media on which Fund Data is Schedule 10.2 p.3 stored by DST (including thumb drives, CDs, and DVDs, and PDAS) will be encrypted based on DST encryption policies.

  • Security of Vendor Facilities All Vendor and Vendor Staff facilities in which Citizens Confidential Information is located or housed shall be maintained in a reasonably secure manner. Within such facilities, all printed materials containing Citizens Confidential Information should be kept locked in a secure office, file cabinet, or desk (except when materials are being used).

  • Security of Information Unless otherwise specifically authorized by the DOH IT Security Officer, Contractor receiving confidential information under this contract assures that:  It is compliant with the applicable provisions of the Washington State Office of the Chief Information Officer’s policy, Securing Information Technology Assets, available at ▇▇▇▇://▇▇▇.▇▇.▇▇▇/ocio.  It will provide DOH copies of its IT security policies, practices and procedures upon the request of the DOH IT Security Officer.  DOH may at any time conduct an audit of the Contractor’s security practices and/or infrastructure to assure compliance with the security requirements of this contract.  It has implemented physical, electronic and administrative safeguards that are consistent with ISB IT security standards and guidelines to prevent unauthorized access, use, modification or disclosure of DOH Confidential Information in any form. This includes, but is not limited to, restricting access to specifically authorized individuals and services through the use of:  Documented access authorization and change control procedures;  Card key systems that restrict, monitor and log access;  Locked racks for the storage of servers that contain Confidential Information or AES encryption (128bit or stronger) to protect confidential data at rest;  Documented patch management practices that assure all network systems are running critical security updates within 6 days of release when the exploit is in the wild, and within 30 days of release for all others;  Documented anti-virus strategies that assure all systems are running the most current anti-virus signatures within 1 day of release;  Complex passwords that are systematically enforced and expire at least every 180 days;  Strong (Two Factor) authentication mechanisms that assure the identity of individuals who access Confidential Information;  Account lock-out after 5 failed authentication attempts for a minimum of 20 minutes, or for Confidential Information, until administrator reset;  AES encrypted (128bit or stronger) sessions for all data transmissions.  Firewall rules and network address translation that isolate database servers from web servers and public networks;  Regular review of firewall rules and configurations to assure compliance with authorization and change control procedures;  Log management and intrusion detection/prevention systems;  A documented and tested incident response plan Any breach of this clause may result in termination of the contract and the demand for return of all personal information.

  • Security of State Information The Contractor represents and warrants that it has implemented and it shall maintain during the term of this Contract the highest industry standard administrative, technical, and physical safeguards and controls consistent with NIST Special Publication 800-53 (version 3 or higher) and Federal Information Processing Standards Publication 200 and designed to (i) ensure the security and confidentiality of State Data; (ii) protect against any anticipated security threats or hazards to the security or integrity of the State Data; and (iii) protect against unauthorized access to or use of State Data. Such measures shall include at a minimum: (1) access controls on information systems, including controls to authenticate and permit access to State Data only to authorized individuals and controls to prevent the Contractor employees from providing State Data to unauthorized individuals who may seek to obtain this information (whether through fraudulent means or otherwise); (2) industry-standard firewall protection; (3) encryption of electronic State Data while in transit from the Contractor networks to external networks; (4) measures to store in a secure fashion all State Data which shall include multiple levels of authentication; (5) dual control procedures, segregation of duties, and pre-employment criminal background checks for employees with responsibilities for or access to State Data; (6) measures to ensure that the State Data shall not be altered or corrupted without the prior written consent of the State; (7) measures to protect against destruction, loss or damage of State Data due to potential environmental hazards, such as fire and water damage; (8) staff training to implement the information security measures; and (9) monitoring of the security of any portions of the Contractor systems that are used in the provision of the services against intrusion on a twenty-four (24) hour a day basis.