Common use of Backup Arrangement Clause in Contracts

Backup Arrangement. ADM currently has in effect a redundancy arrangement with Comdisco Disaster Recovery Services, Inc. The agreement with Comdisco provides that in the event of a data processing systems disaster at ADM's facilities in Woodbridge, New Jersey, ADM may use equipment available at Comdisco's facilities for routine and other processing. The agreement with Comdisco also provides for dedicated time on Comdisco's data processing equipment each year to allow ADM to test the redundancy system.

Appears in 11 contracts

Samples: Transfer Agency Agreement (Prime Cash Fund), Transfer Agency Agreement (Churchill Tax Free Trust), Transfer Agency Agreement (Tax Free Fund for Utah)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!