Bank Systems definition
Examples of Bank Systems in a sentence
Servicer shall be excused from its failure to meet any applicable SLAs that result directly from the failure of any of the Bank Systems.
Executive shall be entitled to participate in the Company's retirement benefit programs, including the qualified defined benefit program by virtue of having been a participant in the Federal Home Loan Bank System's Pentegra defined benefit program since 1994, the Company's 401(k) plan, and the Company's Retirement and Thrift Benefit Equalization Plans, in accordance with the terms of such plans as they may be modified or amended from time to time.
You shall cause each Administrator to take reasonable steps to safeguard the security of any access credentials to eZBusiness or other Bank Systems that are made available to Administrators; provided that, to the maximum extent permitted by applicable law and the Network rules, you shall be responsible for any activity undertaken through the use of credentials issued to an Administrator.
Company or its authorized representatives, which may not be a competitor of the Bank, may, at any time upon reasonable notice to Bank, visit any or all locations of the Bank to inspect the Bank’s due diligence for Bank Systems and to assess Bank’s performance of its obligations under this Exhibit J, and Bank will share with Company any information reasonably requested by Company in connection with due diligence of Bank’s third party service providers involved with Bank Systems.
This Agreement and the Executive's Period of Employment shall cease automatically upon a retirement date that qualifies Executive for normal retirement benefits under the Federal Home Loan Bank System's Pentegra defined benefit program and that is mutually agreed upon by the Executive and the Company, In addition to other agreed-upon terms and conditions that provide for an orderly transition.
Bank and the FDS Companies shall work together (including through a subcommittee of the Operating Committee formed for this purpose) to develop a mutually agreeable Systems conversion plan designed to convert such data to Bank Systems.
Subject to the foregoing sentence, the Bank may update those features and functionalities set forth on Schedules 7.4(b)(ii) and 7.4(b)(iii) to reflect any upgrade or modifications to the Bank Systems, and in such event the Strategic Operating Committee will discuss any other necessary changes.
To the extent additional controls or mitigation plans are required to correct a security vulnerability within Bank Systems (as defined below), identified by a security audit or are required by Applicable Law (including changes in Company policies adopted to comply with Applicable Law), such steps will [***].
Bank will provide Company with the results of each Security Audit within thirty (30) days of completion (or upon request), including: (a) whether the Security Audit revealed any material findings in the Bank Systems, and (b) if so, the nature of each finding discovered.
Bank hereby represents and warrants that Bank Systems have been the subject of [***] information security audits conducted by internal employees that report directly to the Bank’s Board of Directors or, if externally prepared, by a qualified, independent and nationally recognized third party.