Business Continuity and Disaster Recovery Plan Sample Clauses
Business Continuity and Disaster Recovery Plan. Vendor shall have a viable, documented, effective and annually tested business continuity/disaster recovery strategy plan in place to mitigate the potential disruption of Services. Within thirty (30) calendar days of execution of the Agreement, at its own cost and expense, Vendor shall provide to Citizens evidence and results of its tested business continuity/disaster recovery plan and annually thereafter by April 15th during the term of this Agreement.
Business Continuity and Disaster Recovery Plan. Servicer shall, at its own expense, design, implement, and maintain a business continuity and disaster recovery program and viable response and recovery capabilities for the services provided hereunder. As part of its periodic assessment of availability risks, Servicer shall consider the need for geographic diversification of document storage, software/data backup storage, and workplace and systems recovery, as described in the Federal Financial Institutions Examination Council’
Business Continuity and Disaster Recovery Plan. Vendor shall have a viable, documented, effective and annually tested business continuity/disaster recovery strategy plan in place to mitigate the potential disruption of Services. Within ten
Business Continuity and Disaster Recovery Plan. Servicer shall, at its own expense, design, implement, and maintain a business continuity and disaster recovery program and viable response and recovery capabilities for the services provided hereunder. As part of its periodic assessment of availability risks, Servicer shall consider the need for geographic diversification of document storage, software/data backup storage, and workplace and systems recovery, as described in the Federal Financial Institutions Examination Council’s Business Continuity Planning IT Examination Handbook. At a minimum, Servicer’s core processing facilities and operations will include full weekly backup and daily incremental backup to ensure minimal exposure to systems failure. Servicer will make commercially reasonable efforts to ensure the continuity of operations. Upon request of Administrative Agent, Servicer shall provide a copy of its business continuity and disaster recovery program summary. Servicer shall regularly, but no less than annually, test its business continuity and disaster recovery capabilities. Servicer shall update its plans in a timely manner. In the event of a natural or other disaster beyond Servicer’s control that interrupts Servicer’s performance of any services described hereunder for any period, Servicer shall respond to such disaster in a commercially reasonable time period in accordance with the procedures contained in the business continuity and disaster recovery plans in order to resume performance of such services.
Business Continuity and Disaster Recovery Plan a) The Licensee shall submit to the Licensor a Business Continuity and Recovery Plan which contains information intended to guide the Licensee during natural and manmade disasters that may impact the Licensee’s ability to conduct normal operations. The Plan shall include the processes and procedures the Licensee must implement to ensure that critical functions can continue during and after the disaster, including but not limited to data access protection and controls, emergency contact details and secondary disaster recovery sites.
b) Where the Licensee makes any change to its plan, it shall within 7(seven) days provide the Licensor with the updated plan.
c) The Licensor reserves the right to require the Licensee to include additional steps, measures or precautions as part of the Licensee’s plan as deemed reasonably necessary, during approval or implementation of the plan.
Business Continuity and Disaster Recovery Plan. Vendors shall have a viable, documented, effective and annually tested business continuity/disaster recovery strategy plan in place to mitigate the potential of service disruption. Vendor shall provide within thirty (30) days of the Effective Date of this Agreement, and upon request thereafter, a tested business continuity/disaster recovery plan. The location where any of the work or Appraisal Services related to this Agreement is performed, or where any data, records or Information related to this Agreement is accessed, used, processed or stored, must be at Vendor’s facilities and in offices that are physically located in the United States.
Business Continuity and Disaster Recovery Plan. Any Service Provider providing data processing Services shall maintain a disaster and business continuity plan in respect of its data processing operations that provides a level of protection and service restoration capability in respect of Services provided to Services Recipient that is not less than that provided by Boise Cascade’s similar plans in effect as of immediately prior to the Effective Date.
Business Continuity and Disaster Recovery Plan. The Supplier must have, maintain and comply with a business continuity and disaster recovery plan in accordance with good industry practice.
Business Continuity and Disaster Recovery Plan. Vendor shall have a viable, documented, effective and annually tested business continuity/disaster recovery strategy plan in place to mitigate the potential disruption of Services. Within thirty (30) calendar days of execution of the Agreement, at its own cost and expense, Vendor shall provide to Citizens evidence and results of its tested business continuity/disaster recovery plan and annually thereafter by April 15th during the term of this Agreement. The plan shall include the following:
17.1.1. team responsibilities and client contacts;
17.1.2. key carrier and vendor contact list;
17.1.3. Vendor employee contact and notification list;
17.1.4. business re-assembly and resumption outline;
17.1.5. data synchronization and communication program;
17.1.6. event management and sequence notification flow chart;
17.1.7. inventory of off-site assets and staged materials; and,
17.1 8. periodic preparedness testing.
Business Continuity and Disaster Recovery Plan. In addition to the alternative wire transfer, ACH, ICL, checks and warrants, and Custodial service resumption plans described in Sections A.5.e., A.6.h., A.7.d., A.8.g. and A.9.m., the Contractor shall maintain a Business Continuity and Disaster Recovery Plan that will provide for the continuous and uninterrupted delivery of services hereunder. Said plan shall be in substantially the same form as the plan outlined on pages [PAGE NUMBERS FROM SUCCESSFUL PROPOSAL WHICH RESPOND TO SECTION C.2.15 of RFP ATTACHMENT 6.2] of the Contractor's Proposal. In the event that any material change to the form of the plan is proposed by the Contractor, the Contractor shall so advise the State in writing. For the purposes of this Paragraph, "material change" shall include, but shall not be limited to, the time required for restoration of services or in the location of the hot-site. Each year during the term of this Contract, the Contractor shall participate with the State in the State’s annual disaster recovery testing. The Contractor shall annually certify to the State in writing, that the Contractor continues to maintain its Business Continuity and Disaster Recovery Plan and related Security Standards at or above the minimum standards of the banking industry for the services provided to the State, and has successfully exercised its Business Continuity and Disaster Recovery Plan. The Contractor agrees to support the State and a financial institution that may be designated by the State in the future as a backup for providing the services under this Contract.